T-TBI Opens Doors to Investors in Kerala and Germany for Incubated Companies

TechnoparkToday.com>> June 24, 2013 – In order to provide maximum opportunities for the start-ups from Technopark, Technopark Technology Business Incubator organised a session by Kerala State Self Entrepreneur Development Mission (KSSEDM).   The officials of Kerala Financial Corporation, the nodal agency of this scheme held a presentation for the start-ups in Technopark. Over 100 start-ups participated in the session where they were briefed on various financial programmes planned to encourage entrepreneurship amongst youth in Kerala.

Ministry of Economic Affairs, Infrastructure, Transport and Technology along with Technology Business Incubator Group (TBIG) had organised a session on Business Opportunities in Bavaria. The session dealt on the opportunities the State of Bavaria is offering for Young Entrepreneurs from Kerala and aimed at forging closer economic cooperation between the states of Kerala and Bavaria. Mr. John Kottayil, Executive Director, State of Bavaria India Office conducted the session. The session was attended by IT Principal Secretary Mr. P H Kurian, Technopark CEO, K G Girish Babu, T-TBI Registrar Dr. K C Chandrashekharan Nair and the members of TBIG.

“The climate in Kerala is very conducive for the start-up culture to boom in Kerala with the government extending total support for the same. Therefore Technopark’s TBI is trying to open all possible avenues and opportunities of exposure to our incubated companies to spread wings and give their business a new opportunity for expansion and growth. These two programmes were efforts in these directions.” Said Dr. K C Chandrashekharan Nair.

“Both the sessions were a great encouragement for our incubated companies. Already three companies from T-TBI is going to Bavaria to set up shop. KFC’s special scheme offering support for start-ups has also given a major boost to young entrepreneurs from Technopark to plan and expand their business to greater heights.” He added.
It was in March 2013 that Technopark Business Incubation Group (TBIG) had signed a MoU with Bavaria Business Centre – Nuremberg, one of the leading Business Centres in Munich to open up an office space for TBIG companies for networking in Europe. As per this agreement the Start-ups operating from all the TBIs in Kerala can take up Office space in BBC – Nuremberg. The MoU ensures VISA and legal support for the company representatives and German entity registration with 100% ownership. Selected companies will have Initial funding option up to INR 7 lakhs.