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Kerala Startup Ecosystem Report 2018

In order to gain a thorough understanding of where the startup ecosystem currently stands and how the way forward can be chalked out, it is essential to appraise the effectiveness of the different startup-related schemes, activities and summits that have been put forth so far by the government of Kerala through the Kerala Startup Mission. The report is to showcase the achievements and impact of KSUM on Kerala Startup Ecosystem through the expertise of DataLabs by Inc42

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Key Highlights

The institutional funding which stood at $9.5 Mn in 2014 was increased to $19.6 Mn in the year 2015. Since 2016, there was a steady increase in the fund flow that came to $15.72 Mn from the first 6 months. The change in institutional funding is because of the support rendered by government by ways of seed funding and equity funding that have encouraged and supported the startups to go ahead. As of 2017, there were 757 tech startups in Kerala with 51% working on software development. Fast forward to the present day, in 2018 at the end of third quarter, the number of startups operating in Kerala are more than 1,400 and total funding observed in 2018 (till September) stands at $38 Mn.

1,402

Number of Startups In Kerala

50+

Number of Funding Deals (2017-2018)

37%

startups are based out of Kochi

35%

startups are providing IT Services

Table Of Contents Summary

Scope Of The Report
Overview
Current Statistics
Ecosystem Enablers
KSUM Initiatives
Illustrative 30 Startups
Award Winning Startups
Innovative Projects
Government Schemes
Opportunities
The Way Forward

Summary

In 2015, Kerala Startup Mission (KSUM), which is the nodal agency of the Kerala government for entrepreneurship development and incubation activities, in its Kerala Vibrant Startup Ecosystem Report, charted the growth of the state’s startup sector for the first time. Subsequently, startups became an area of increased focus as reflected in the new State IT Policy of 2017 and the Kerala Technology Startup Policy of 2014 was expanded and implemented more comprehensively.