The Kerala State Industrial Development Corporation (KSIDC) has plans to open more business incubation centres, the Industry Minister, PK Kunhalikutty, has said.

To begin with, business incubation centres will come up at Angamaly, Kozhikode, and Kannur. The incubation centre will be an encouragement for the young, bright entrepreneurs with innovative ideas, he said while inaugurating one such facility at Kinfra Park in Kakkanad near here on Thursday.

KSIDC has set up the incubator as a continuation of Young Entrepreneur Summit (YES) held in September. YES was aimed at fostering the growth of entrepreneurship in young minds and creating an enabling environment for start-ups in the State across all sectors.

Speaking on the occasion, Satyajeet Rajan Principal Secretary (Industries) and Managing Director, KSIDC said that the incubation centre was set up to fulfill the request made by young entrepreneurs. He pointed out that 8 of the 61 applicants at the YES summit, who had requested for incubation space, have been provided the same at the business incubator. The 8 start-ups will start operations from the centre today itself.

The selected startups cover areas of software / mobile application development, interactive game development, e-commerce, wireless charging technology, CSR management activity, virtual classroom for teaching practices, enterprise software product development, etc.

The 5,000 sq ft incubator can accommodate 120 people. Separate cabins and common work-stations have been provided at the incubator and the facility will be able to accommodate 30-40 start-ups.

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