Kerala Financial Corporation will extend finance to technology start-ups in the State as part of the Kerala State Self-Entrepreneur Development Mission launched by the government.

Officials of the public sector financial corporation, which is the nodal agency for implementing the mission, held a presentation for start-ups in Technopark.

Over 100 start-ups participated in the session where they were briefed on various financial programmes proposed for promoting entrepreneurship among the youth in the State.

Bavarian show

Separately, the ministry of economic affairs, infrastructure, transport and technology of the German State of Bavaria along with technology business incubator group organised a session on business opportunities in Bavaria.

The session dealt with opportunities Bavaria offered to young entrepreneurs from here. It was also aimed at forging closer economic cooperation between Kerala and Bavaria.

John Kottayil, executive director, State of Bavaria India Office, conducted the session.

Among those who attended the session were P.H. Kurian, principal secretary, IT; K.G. Suresh Babu, chief executive, Technopark; K.C. Chandrasekharan Nair, registrar, Technopark technology business incubator. According to Nair, conditions in Kerala were very conducive for start-ups with the State government extending total support.

The incubator was trying to open all possible avenues and opportunities of exposure for incubated companies and give them opportunities for growth and expansion.

The two programmes held in Technopark were efforts in these directions, Nair added. Three companies from the Technopark incubator were going to Bavaria to set up shop.

PACT SIGNED

It was in March 2013 that Technopark Business Incubation Group had signed a memorandum of understanding with Bavaria Business Centre, Nuremberg, one of the leading business centres in Munich.

The agreement opened up office space there for incubatee companies to start networking in Europe.

Start-ups operating from all technology business incubators in Kerala also may apply for office space in Bavaria Business Centre.

The agreement seeks to ensure visa and legal support services for company representatives and also for registration of the German entity with full ownership.

Selected companies will have the option of accessing initial funding of up to Rs 7 lakh.

vinson.kurian@thehindu.co.in