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Time of India
9 hours ago
- Business
- Time of India
Kerala Startup Mission signs agreement to support agri tech startups and farmers
Thiruvananthapuram: Kerala Startup Mission (KSUM) has inked a performance-based condition (PBC) agreement with agriculture department's KERA project to provide innovative solutions tailored to the needs of local farmers and agri-food enterprises. Under this PBC agreement, KSUM will select 150 agri-tech startups across the state to address specific challenges. This is intended to benefit at least 40,000 farmers. KERA is a World Bank-funded project under investment project financing for the agriculture sector of the state. The PBC framework represents an innovative, results-driven approach to funding allocation. In this model, funds or payments to the implementing agency are disbursed only after achieving predefined results. KSUM CEO Anoop Ambika said that this performance-oriented strategy not only encourages optimal performance but also allows the implementing agency considerable autonomy in how to utilise funds to meet set targets. It promotes greater accountability by directing resources to frontline operations, enabling decision-making and strategic resource allocation based on real-time performance indicators. Selected startups will receive a grant of Rs 25 lakh each. An initial grant of Rs 20 lakh will be allocated for product development (PBC1), which covers idea development (innovation/seed fund), research and development, product testing, technology commercialisation, production, scaling up existing facilities, working capital for business operations and other related activities. The subsequent grant of Rs 5 lakh will support product adoption by end users (PBC2), addressing product demonstration, market testing, pilot product launch, sales and marketing and other related activities.
The Hindu
10-05-2025
- Entertainment
- The Hindu
KSUM showcases futuristic vision of State's start-up ecosystem at ‘Ente Keralam' expo
The Kerala Startup Mission's (KSUM) pavilion at an 'Ente Keralam' expo, being held on the Alappuzha beach as part of the fourth anniversary celebrations of the Left Democratic Front government, showcases vivid images of the transformative impact of futuristic technologies, including artificial intelligence, on everyday life. The pavilion highlights the strength of Kerala's start-up ecosystem in harnessing cutting-edge technologies like artificial intelligence, robotics, and machine learning to develop a wide range of innovative products and solutions. The theme of the KSUM pavilion is 'AI for Common People.' KSUM chief executive officer Anoop Ambika said the pavilion offers visitors a vivid glance into the transformative potential of futuristic technologies and how Kerala-based start-ups have leveraged them to create impactful solutions that touch everyday lives. A range of products and solutions based on technologies such as artificial intelligence, augmented reality/virtual reality (AR/VR), 3D printing, drones, robotics, and the internet of things (IoT) are on display. Exhibits include video production through voice commands, voice-enabled taxi booking, analysis of new generation words, AR/VR goggles, a robotic dog named Dogbot, a robot that conducts classes for children, a mini boat, an IoT-based system to support farming and gardening, AI caricaturing and a facial recognition system. The pavilion is attracting good number of visitors. Earlier, the KSUM stall bagged first prize in the best pavilion category at 'Ente Keralam' exhibitions held in Idukki and Kottayam. The 'Ente Keralam' exhibition-cum-trade fair features 200 air-conditioned service and commercial stalls. It includes pavilions showcasing the services and schemes of the State government, food festival, film screenings, theme stall, play area for children, seminars, dog show, tourism exhibition, visual presentation about 'Ente Keralam' by the Public Relations department and agricultural expo. Entry to the expo is free. It is open to the public from 10 a.m. to 9 p.m. The expo will conclude on May 12.
The Hindu
30-04-2025
- Business
- The Hindu
KSUM expo showcases the State's startup ecosystem
The pavilion of Kerala Startup Mission (KSUM) at the Ente Keralam' expo, celebrating the fourth anniversary of the LDF, at Vazhathope Government Vocational Higher Secondary School Ground in Idukki brought to viewers vivid images of the transformative impact of technologies, including artificial intelligence, in day-to-day life. According to officials, the show also featured the strength of the State's startup ecosystem in technologies like artificial intelligence, robotics, and machine learning, resulting in a wide range of innovative products and solutions. Officials said that ' Artificial Intelligence (AI) for Common People' is the theme of the KSUM pavilion. The show has been planned for seven days in all 14 districts as part of the Ente Kerala exhibition from April 21 to May 24. The event at Idukki will conclude on May 5. KSUM CEO Anoop Ambika said the KSUM pavilion provides visitors with insight into the transformative impact of the technologies and how well Kerala-based startups have leveraged them to come up with a wide range of products and solutions that impact their lives. A range of innovative products and solutions is on display in the KSUM stall, featuring technologies such as artificial intelligence, augmented reality/virtual reality, 3D printing, drones, robotics, and the Internet of Things (IoT). The expo also showcases products such as video production through voice, hailing taxis by using voice, analysis of new generation words, AR/VR goggles, a robot dog called Dogbot, a robot that takes classes for children, a mini boat, an IoT system that helps farming and gardening, AI caricaturing and a facial recognition system. Water Resources Minister Roshy Augustine inaugurated the 'Ente Keralam' expo on Tuesday. The expo will conclude on May 5.
