KSIDC launched Rs 10 crore seed fund for start-ups

Our Bureau

The Kerala State Industrial Development Corporation (KSIDC) intorduces a seed fund for new start-ups in the state during the recently concluded YES 2014 summit. Earlier named as Angel Fund, KSIDC has created a Rs 10 crore financial assistance to support innovative start-ups. The fund will be allocated to any innovative projects not only in IT sector but in bio-technology, agriculture, food processing, business innovation, green technology and so on. The maximum seed capital for each start-up will be Rs 25 lakh.

Young Entrepreneurs Summit (YES) is a flagship event to establish Kerala as a vibrant entrepreneurial state. The summit, organised by Kerala State Industrial Development Corporation (KSIDC) was held on September 12, 2014. YES Kerala 2014 witnessed a gathering of over 3000 young entrepreneurs.

YES is one of the navaratna programmes taken under the Government of Kerala's Mission 676 programme. It was aimed at fostering the growth of entrepreneurship in young minds and at creating an enabling environment for start-ups highlights in the state across all sectors. YES showcased the existing facilities and support services available to prospective young entrepreneurs to realise their business dreams.

It was a key evangelization initiative meant to aware the youth on the entrepreneurial possibilities and the investment avenues opportunities available in Kerala for them. The summit emphasised the combined initiatives of agencies like KSIDC, KFC, TBI, Technopark, Infopark, and KINFRA in creating a holistic ecosystem conducive for young entrepreneurs. YES serves as a platform for young innovators to share their innovative ideas.

Related opportunities

Opticians/Eye Wear

ZEYEDEN OPTICS

At Zeyeden Optics, we’re committed to offering quality products, unparalleled..

Locations looking for expansion Gujarat

Establishment year 1957

Franchising Launch Date 2023

View Detail

Investment size Rs. 1 Cr. - 2 Cr

Space required 1100

Franchise Outlets -NA-

Franchise Type Unit

Headquater Ahmedabad Gujarat
Electric Vehicles

Coulomb EV Solutions Pvt. Ltd

Coulomb EV Solutions Private Ltd is an Electric Vehicle Charging..

Locations looking for expansion Delhi

Establishment year 2019

Franchising Launch Date 2023

View Detail

Investment size Rs. 10lakh - 20lakh

Space required 2000

Franchise Outlets -NA-

Franchise Type Unit

Headquater Delhi Delhi
Snacks / Namkeen Shops

Chitra Coffee Bar

Chitra Coffee Bar, a Beverage and refreshment brand owned by..

Locations looking for expansion Tamil nadu

Establishment year 2000

Franchising Launch Date 2015

View Detail

Investment size Rs. 10lakh - 20lakh

Space required 300

Franchise Outlets -NA-

Franchise Type Unit

Headquater Chennai Tamil nadu
Activity Centres, Day Care & Creches

CRESTE KID

Creste has the best community for children. It gives a..

Locations looking for expansion Uttar pradesh

Establishment year 2020

Franchising Launch Date 2023

View Detail

Investment size Rs. 10000 - 50000

Space required 1200

Franchise Outlets -NA-

Franchise Type Unit

Headquater Lucknow Uttar pradesh