Founded in 2006 and run by the state government, Kerala Start-Up Mission (KSUM) drives entrepreneurship development and incubation activities in Kerala. It implements the technology startup policy, creates the infrastructure and ecosystem required to support high-end technology-based startup businesses.
Through KSUM initiatives, Innovation and Entrepreneurship Development Centres (IEDCs) have been established in various engineering, management, arts & science colleges, medical institutions, polytechnics and universities across the state. IEDCs have become a flagship initiative that promote innovation and entrepreneurship early on in a student’s life.
LEAP Coworks- A Coworking Initiative by Kerala Start-Up Mission:
KSUM is continuing its journey to further assist the early entrepreneur by providing them with a robust environment in which they can work and create. IEDC premises, KSUM incubation centres and partner centres are now being transformed into coworking spaces called LEAP.
LEAP stands for Launch, Empower Accelerate, Prosper.
In a press release, Anoop Ambika, CEO of KSUM said, “The new space aims to create an environment that nurtures innovation, encourages networking and facilitates the success of startups and entrepreneurs.”
She added, “Through LEAP, KSUM will introduce flexible membership plans to accommodate the various needs of the startups, including hot desks, dedicated desks and private office spaces.”
Further, these plans will provide startups with the flexibility to scale their operations as they grow. Also, LEAP will become a single access point for entrepreneurs to enter the startup ecosystem besides facilitating access to the schemes offered by KSUM including various grants, seed loans, market access, mentors connect and investor connect.
KSUM will continue to provide valuable incubation support services to startups, including mentorship programmes, business development assistance, access to funding opportunities and expert guidance.
This is an exciting development in the Keralan startup ecosystem and we’re tracking this development to see how it impacts budding entrepreneurs of the state. Stay tuned for updates.
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