In a reply to the Lok Sabha, the Commerce Ministry informed that India has created a total of 72,993 start-ups in six years from 2016 to 2022. Amongst these, Maharashtra has 13,519 start-ups, while Karnataka has 8,881 start-ups, for the same period.
Government to consider forming a venture capital fund for the initiative
The State government will consider the formation of a venture capital fund to provide aid to startups as a joint initiative of the Kerala Bank, Kerala Finance Corporation, and Kerala State Industrial Development Corporation, Chief Minister Pinarayi Vijayan has said.
He was speaking at an interaction organised by the Kerala Startup Mission with the founders of various start-up companies based in Kerala here on Monday to collect their opinions and suggestions on the steps that the government needed to take in the sector.
He said that the government would take steps to promote the products and services from startups. The delay in providing funds from the various departments to startups for services rendered would be addressed. Marketing facilities for start-up products would be ensured. A national-level launchpad to get more aid for startups would become a reality this year.