 "Private equity and venture capital investments in H12019 were 27% higher at $23.4 billion compared to the same period last year, EY says")
The Kerala Government is planning to set up a dedicated Venture Capital (VC) fund for start-ups in the State. The State also said it has opened up the government market for startup consortiums and is hiking the special fund for startup development.
During his interaction with the enterprise founders, organised by Kerala Startup Mission, Kerala Chief Minister Pinarayi Vijayan said that a proposal to set up the VC fund with the backing of public sector banks and Kerala State Industrial Development Corporation (KSIDC) is under active consideration,
“It’s the policy of the government to offer necessary financial aid to startups to blossom.
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