Kerala Startup Mission (KSUM), the nodal agency of the Kerala government for entrepreneurship development and incubation activities in the state, has floated a platform for early-stage startups to raise funds by presenting their ideas before investors.
The sessions ‘Venture Capital for Startups 101‘ would be held in Thiruvananthapuram, Kochi and Kozhikode from August 7 to 9. Only 10 selected startups from each venue would get the opportunity to pitch, and they should have a KSUM UNIQUE ID, a press release said.
Chief technology officer of 100x. VC Vatsal Kanakiya would address the startups on venture capital and other topics related to investments.
An early-stage SEBI-registered investment firm, 100X.VC is focused on investing in early-stage startups to effectively become their coach. The final session would be held at KSUM, Technopark, on August 9.
In May, Kerala announced a slew of attractive incentives to encourage women-led companies– including INR 5 lakh marketing incentives — which currently account for 13% of the start-ups in Kerala. The state government has issued a notification endorsing the proposals, submitted by KSUM CEO Saji Gopinath. The same is implemented under the “Youth Entrepreneurship Development Programme” (YEDP).
Last month, KSUM hold its “Startup to Scale up” programme at the Integrated Startup Complex at Kochi on July 19 and at Technopark, Thiruvananthapuram, on July 20. The programme, meant for start-ups that have completed the ‘prototype’ stage, offers orientation on a host of topics like the timing to scale up, selection of team, resource mobilisation, finance management and effective networking.