Keralam to set up consortium to fund startups: Chief Minister VD Satheesan

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The government’s vision is to develop Keralam into a global destination for investment and entrepreneurship

By BL Kochi Bureau

Updated - November 12, 2026 at 06:32 PM.

Inaugurating Huddle Global 2026 at Kovalam, Satheesan said that while several home-grown startups had successfully attracted investments and mentorship, the focus now needed to shift towards scaling up enterprises and positioning Keralam as a global model of technology-driven development

Keralam is committed to supporting its startup ecosystem on a mission mode, with the next phase of growth requiring adequate funding, mentorship and institutional support, Chief Minister VD Satheesan has said.

The State government will set up a consortium of financial institutions, including the Kerala Financial Corporation (KFC), Kerala State Industrial Development Corporation (KSIDC) and investment banks, to ensure that startups have access to the funds needed to convert ideas into products and scale up their operations globally, he said.

Several enterprises that began in classrooms and research laboratories had grown into successful ventures through talent, determination and innovation, supported by the ecosystem and flagship initiatives such as Huddle Global

Inaugurating Huddle Global 2026 at Kovalam, Satheesan said that while several home-grown startups had successfully attracted investments and mentorship, the focus now needed to shift towards scaling up enterprises and positioning Keralam as a global model of technology-driven development.

The State’s startup ecosystem has grown into one of the most promising in the country by several parameters, with more than 9,200 enterprises across various verticals generating significant employment, he said.

“Startups need funding, mentorship and markets to accelerate their growth. The government will take all measures to ensure that enterprises do not face constraints due to a shortage of funds or mentorship,” said PK Kunhalikutty, Minister for Industries, IT, Future Technologies and Startups.

The government’s vision is to develop Keralam into a global destination for investment and entrepreneurship. Its policies are aimed at positioning the State as an active participant in the global technology revolution, with particular emphasis on emerging technologies such as artificial intelligence, he said.

High performer

S Suhas, Special Secretary, Electronics and IT Department, said that having established itself as a high performer in the startup ecosystem, the State was now focusing on handholding promising enterprises and helping them grow into larger businesses.

The government aims to nurture at least 100 deep-tech companies with valuations of ₹100 crore or more by providing fresh direction and scale to the ecosystem, he said.

Anoop Ambika, CEO of Kerala Startup Mission said the State’s startup ecosystem had recorded significant achievements over the years. Several enterprises that began in classrooms and research laboratories had grown into successful ventures through talent, determination and innovation, supported by the ecosystem and flagship initiatives such as Huddle Global.

Published on November 12, 2026

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