In what will definitely be a big boost to the development of the Startup Village in Kalamassery, the Government of Kerala has allotted Rs. 10 crore for the timely completion of the one lakh-sq ft built-up area in the campus. Earlier, the union government had also released Rs. 10 crore to the village.
The Village is India’s first telecom incubator and operates on a PPP model. Now into its third successful year of inception, it is experiencing space crunch. It has already generated about 2,000 jobs. The number of applications for incubation at the Village is also on a steep rise.
Many options are being pursued for resolving the space crunch at the Village. These include refurbishing the HMT building at Kalamassery. This building alone will provide 1.08 lakh sq ft. The 25,000 sq ft facility vacant at the Gem and Jewellery Park at Kalamassery is another choice.
At present, there are 574 startups, 207 student startups, and numerous virtually incubated companies at the Village.
Source: The New Indian Express