Kerala Startup Mission (KSUM) has been ranked as one of the top 5 business incubators in the world for 2021-2022.
According to the 2021-22 World Benchmark Study on Startup Ecosystems, KSUM is one of the top 5 public or private business incubators worldwide.
2021-22 Global Benchmark Survey
of The World Benchmark Study is conducted to identify the best performing programs around the world and share best practices for building a robust startup ecosystem.
1,895 organizations were evaluated in the sixth edition of the World Benchmark Study of Business Incubators and Accelerators conducted by UBI Global.356 people participated in the study and 109 people were benchmarked.
“Kerala is proud of this achievement,” Kerala Chief Minister Pinarai Vijayan said on Thursday.
Kerala @startup_mission Became one of the top five public/private business incubators in the world, according to the 2021-22 World Benchmark Study (@ubiglobal).Great achievement for Kerala thanks to successful incubation program and support #startup.
— Pinaray Vijayan (@pinarayivijayan) January 26, 2023
“The Virtual Incubation Program, the incubation support provided to startups at various stages, and the systematic funding mechanism for startups have all helped us gain recognition,” CM added.
Ranked among the best performers in Asia
Earlier this month, KSUM was judged the best performer in Asia in promoting talent, according to the Global Startup Ecosystem Report 2022.
The ranking was produced jointly by the policy advisory and research organization Startup Genome and the Global Entrepreneurship Network.
In the first GSER published in 2020, Kerala ranked 5th in Asia and 20th in the world.
The report highlights Kerala’s startup prosperity and economic growth. This ranking measures your ability to recruit and retain technical talent. It also cites government support and technological talent as reasons for start-ups to relocate to Kerala and thrive.
What is Kerala Startup Mission
Founded in 2006, KSUM provides seed funding and R&D grounds for innovative startups across the state.
According to data from KSUM’s website, it has so far supported over 3,900 startups worth over Rs 750 crore.
In 2022, Kerala has set a goal of creating over 15,000 startups and 2,00,000 jobs in emerging technologies in 5 years.
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