State VC fund for startups on anvil, to open up govt market: Kerala CM

Kerala Chief Minister Pinarayi Vijayan on Tuesday said his government was looking into the possibility of setting up a dedicated Venture Capital (VC) fund for startups, besides opening up the government market for startup consortiums and hiking the special fund for startup development.

A proposal to set up the VC fund with the backing of public sector Kerala Bank and Kerala State Industrial Development Corporation (KSIDC) is under active consideration, he said during an interaction with startups founders, organised by Kerala Startup Mission (KSUM) here last evening.