Kerala startup ecosystem post high growth: Report

Kerala has emerged as one of country’s top startup destinations marking an impressive compound annual growth of 17 per cent since 2012, taking the total number of ventures based out of the state to 2,200 and displaying high competence in netting funds, says a reportby digital media platform Inc 42 in association with TiE Kerala.

In a single year since 2018 alone, the number of startups set up in Kerala marked a steep increase of 35 per cent, says the report, unveiled at the valedictory function of the TiECon Kerala 2019, at Kochi on Saturday.

Subramanian Swamy, MP, released the report titled ‘Kerala Startup Ecosystem 2019’ in the presence of Saji Gopinath, CEO, Kerala Startup Mission (KSUM).