Kerala government to set up 10 research-based incubators, boost 100 startups

Kerala Chief Minister V.D. Satheesan has announced a major shift in the state's startup strategy. According to a report by the Hindustan Times, the government has now decided to focus on quality over quantity to build globally successful ventures. He made this announcement during the inauguration of the eighth edition of 'Huddle Global 2026', organised by the Kerala Startup Mission in Kovalam. The Chief Minister stated on the social media platform X that the state aims to prepare more than 100 startups with an annual turnover of over ₹100 crore.

According to the government's new plan, 10 world-class research-based incubators will be established through the 'Translational Research and Innovation Centre-Kerala', managed by the University of Kerala. The Chief Minister clarified that more than 9,200 startups have developed in the state so far, creating over 76,000 job opportunities. Now, the government will further strengthen startup funding, innovation grants, research and development assistance, and seed financing. Additionally, new debt-financing instruments will also be developed by the Kerala Financial Corporation, the Kerala State Industrial Development Corporation, and banking partners.

To empower young researchers, the government will run a flagship programme called 'Gozip', which includes district-level innovation clusters and builder residencies. The Chief Minister stated that Kerala has the potential to build world-class technology in sectors such as underwater robotics, semiconductor design, artificial intelligence, biotechnology, and maritime innovation. He gave a message to young entrepreneurs that they do not need to leave the state to build something new. With the Vizhinjam port opening new doors to global markets, the state is committed to taking its talent and ventures across the world.

Industry Minister P.K. Kunhalikutty, actress Keerthy Suresh, Ambassador of Belgium to India Sophie Karlshausen, and KSUM CEO Anoop Ambika were present at the event. The Chief Minister emphasised that the goal of this new initiative is not just to increase the number of startups, but to make Kerala a place where startups can successfully compete at a global level.

The foundation of the startup ecosystem in Kerala was laid in 2014 through the Technology Startup Policy during the tenure of the then Chief Minister Oommen Chandy. This policy played a significant role in promoting startup culture in the state, which has today transformed into a developed ecosystem. Carrying forward the efforts initiated by the previous government, the current government has now placed special emphasis on research and incubation facilities.