Kerala CM to Launch Accelerator for Electronics Technologies to Support Startups
On Monday, the Chief Minister of Kerala Pinarayi Vijayan inaugurated the accelerator for Electronics Technologies (ACE), a joint initiative of Kerala Startup Mission (KSUM) and Centre for Development of Advanced Computing (CDAC). Aiming to boost the southern-state startups, ACE plans to develop itself as the country’s leading accelerator in electronics technologies.
Set up in an area of around 50,000 sq. ft, the facility aims to provide a fulfilling atmosphere for the development of high-tech startups in electronics and allied disciplines. The accelerator also plans to encourage software infrastructure to aid research and development of high-end electronic systems, tools, and services.
With Future Technology lab acting as a catalyst, the plug –and-play space will be provided at subsidized rates. In spite of COVID-19, with 20 startups having been allotted space recently, the demand for KSUM’s scale-up space in Techno-park seems to be rising.
Chief Minister said that ACE would be “highly beneficial” to the young entrepreneurs, enabling them to steady their ventures that show prospects of flourishing. CDAC Executive Director Magesh E also said to be interested to partner with rising startups in the state, to take the entrepreneurs to the next level by providing them guidance till they enter the market with the product.