Kerala's cultural, social and economic fabric is apt for entrepreneurship, says top bureaucrat
M Sivasankar, IAS, principal sectary, chairman (EC) of Kerala Sate IT Mission said the cultural ecosystem and social and economic fabrics have matured to a point that allows youngsters to dabble in innovation and explore entrepreneurship in Kerala.
"The majority of families in Kerala are well settled in terms of social security. The cultural ecosystem now allows and accepts non-organised sector jobs. The primary elements of the ecosystem are well evolved today for entrepreneurship," he said.
He opined that the state has perhaps lost about 3000 potential startup ideas because there was no system in place to identify them.
However, he said the government has been aggressively working on creating a healthy startup ecosystem to attract the abundance of talents in the state. "The majority of families in Kerala are well settled in terms of social security. Therefore, the time is right as most parents today are well positioned and willing to allow their kids to take entrepreneurial risks," he said.
"The ecosystem is in place. The focus should now be on being competitive."
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