Kerala Startup Mission (KSUM) is set to launch a global emerging technology startup hub at Technopark Phase IV (Technocity) in Thiruvananthapuram, focusing on Aerospace, Healthcare, Agriculture and Food, Digital Media and Entertainment, and Energy sectors. The detailed project report (DPR) has been submitted for government approval, with construction tenders to follow. Funded by INR 20 crore from the state budget and leveraging a public-private partnership model, the hub will house up to 1,000 startups in a 5 lakh square foot facility. Inspired by Kalamassery Startup Village, the hub aims to bolster Kerala's tech ecosystem by 2026.
Kerala is taking a major step forward in supporting its tech startup scene with the Kerala Startup Mission (KSUM) finalising plans for a new global emerging technology startup hub in Thiruvananthapuram.
The hub, located at Technopark Phase IV (Technocity), will target five key sectors identified for their high growth potential - Aerospace, Healthcare, Agriculture and Food, Digital Media and Entertainment and Energy.
These areas were chosen based on a comprehensive study by a project management consultant, ensuring the hub aligns with Kerala's strengths and future economic goals.
The project is moving swiftly. KSUM has completed a detailed project report (DPR) outlining the technologies and functionalities of the hub. This report, submitted for government approval within two weeks, details the project's vision and functionalities. Once approved, construction tenders will be issued, with a one-month timeframe for selection.
The project is being developed through a public-private partnership model, leveraging both government and private sector resources. The state budget has allocated INR 20 crore for the technology innovation zone in Kochi, with a portion dedicated to the preliminary development of the emerging technology hub. The project is expected to be completed by the first quarter of 2026.
The new facility is designed to house a significant number of startups, with a capacity for around 1,000. This is a major increase compared to existing resources in Thiruvananthapuram, which can only accommodate a maximum of 10 to 15 startups at a time. This expansion aims to foster collaboration, innovation, and the growth of promising startups across the state. The extensive space, totaling five lakh square feet spread across a seven-story building, will provide ample room for these activities.
The hub is inspired by the success of the Kalamassery Startup Village, a thriving centre for tech startups in the region. The new facility aims to replicate this success on a larger scale and further solidify Kerala's position as a major player in India's tech landscape.
The Thiruvananthapuram startup hub, with an estimated construction cost of INR 145 crore, has the potential to be a game-changer for Kerala. By providing a supportive environment for young entrepreneurs and innovators, the state can nurture a vibrant tech ecosystem and drive economic growth in key sectors.
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