KSUM Among Top 5 Startup Incubators In World: Kerala CM
- ByStartupStory | January 28, 2023
Kerala Chief Minister Pinarayi Vijayan announced on Thursday that the state government’s start-up incubator, KSUM, has been named one of the top five in the world. According to the 2021-22 World Benchmark Study on Startup Ecosystems, KSUM is one of the top five public or private company incubators in the world, according to Vijayan.
“Kerala is proud of this achievement,” he said.
The CM went on to say that Kerala Startup Mission (KSUM) was chosen as one of the top five out of 1,895 similar entities evaluated for the sixth edition of the World Benchmark Study.
“The Virtual Incubation Program, incubation support provided to startups at various stages and the systematic funding mechanism for startups have all been instrumental in getting the recognition.” The achievement was the result of the Left government’s policy to ensure a suitable environment for start-ups to realize a bright future for the state, he added.
“This recognition will help bring in more investments in the startup sector in Kerala. May this inspire the startup mission to excel further,” he said in his Facebook post congratulating KSUM.
Vijayan also tweeted about the achievement, saying “Kerala@startup_mission has become one of the world’s top 5 public/private business incubators according to the 2021-22 World Benchmark Study (@ubiglobal). A great achievement for Kerala, thanks to our successful incubation program and support for #startups.” KSUM is the state government’s nodal agency for entrepreneurship development and incubation operations.
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