Kerala chief Minister Oommen Chandy on Wednesday said that the state will give 20 % attendance and 4 % grace mark for student entrepreneurs. He was speaking at the inauguration of Emerging Kerala, a three day event showcasing Kerala as an investor friendly destination.
Kerela is one of the largest exporters of workers to foreign nations especially the Gulf. It seems they now have realized the importance of nurturing businesses at home and creating more employment opportunities. Kerala becomes the first state to make a move like this.
In March, Kerala also became the country’s first state to have a public-private partnership incubator, Startup Village. The incubator with a projected investment of Rs 100 cr aims to nurture over 1000 student startups. It is promoted by industry leaders like Kris Gopalakrishnan of Infosys. Last week the telecom incubator signed a partnership with Finland’s Aalto Center for Entrepreneurship (ACE) to host AppCampus, a $ 24 mn mobile application program backed by Nokia and Microsoft in Cochin.
This is definitely great news and we will be expecting some other sates to follow suit.