31 start-ups and student team to get funds under KSUM in Kerala

Vastavam web: A total of 31 start-ups and student teams from all over the state, who presented a range of innovative technology solutions at the 8th Grand Idea Day, conducted by the Kerala Startup Mission (KSUM), will get a financial assistance of Rs 2.64 crore.The Grand Idea Day was held today to select technology relevant and scalable ideas across various domains.From the 49 grand ideas from startups/students which were selected from around 241 applications, 31 startups were considered for funding.

Startups from Kerala, presented solutions across different sectors, including hardware, IoT, ERP (Enterprise Resource Planning), Platforms and Aggregators, Blockchain, AR/VR and Artificial Intelligence (AI), he said.These are startups and innovators working on their ideas, and those trying to productise their concept or scale up their existing products.Experts from each field evaluated the projects and selected the best ideas for the financial assistance.The Kerala government has successfully implemented the “Idea Day” programme to promote innovation in the state and to make starting up ventures easier than before.The next “Idea Day” is scheduled to be held in January 2018.