Kerala chief Minister Oommen Chandy on Wednesday said that the state will give 20 % attendance and 4 % grace mark for student entrepreneurs. He was speaking at the inauguration of Emerging Kerala, a three day event showcasing Kerala as an investor friendly destination.

Kerala MLA Shafi Parambil on Facebook

Kerala MLA Shafi Parambil on Facebook

Of late, the south Indian state, which exports the largest number of workers to Gulf nations, seems to have woken up to the importance of nurturing entrepreneurship. Over  2 mn Keralites work outside India sending back money which accounts for nearly 22 % of the states GDP. Non resident Keralites are now looking to invest in various ventures back home, Prime Minister Manmohan Singh said at the inaugural ceremony.

In March, Kerala also became the country’s first state to have a public-private partnership incubator, Startup Village. The incubator with a projected investment of Rs 100 cr aims to nurture over 1000 student startups. It is promoted by industry leaders like Kris Gopalakrishnan of Infosys. Last week the telecom incubator signed a partnership with Finland’s Aalto Center for Entrepreneurship (ACE) to host AppCampus, a $ 24 mn mobile application program backed by Nokia and Microsoft in Cochin.

Meanwhile, Karnataka government is also working on a similar policy for entrepreneurs and startups. In an earlier interview with Pi, Karnataka’s Principal Secretary for Industries and Commerce, M N Vidyashankar had said that he policy is being shaped by the Vision Group on Information Technology and it will take final shape by November.

We are excited to hear this and are waiting for more details (the post will be updated with more details as we get them).

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