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DK FlipBook-Magzter January 2019

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EVENTS / ‘Seeding Kerala’<br />

ANOTHER WINDOW FOR HNWIs<br />

TO INVEST IN SMART STARTUPS<br />

'Seeding Kerala', to be organised by KSUM and LetsVenture, is aimed at<br />

helping and guiding HNWIs of Kerala to invest in some of the best startups<br />

The Central Government<br />

recently lauded the growth of<br />

startup ecosystem in Kerala<br />

spearheaded by the Kerala Startup<br />

Mission (KSUM) by bestowing the<br />

‘top performer among the States’ tag.<br />

KSUM is making every effort to<br />

not miss any opportunity to scale<br />

up the startup ecosystem. In such an<br />

initiative, KSUM in association with<br />

LetsVenture, an online platform for<br />

angel investments, will organise the<br />

fourth edition of ‘Seeding Kerala’<br />

program in Kochi on <strong>January</strong> 23 to<br />

bring together the high-net-worth<br />

individuals (HNWIs) of Kerala to<br />

provide them opportunities to invest<br />

in some of the best startups from the<br />

State and other parts of India.<br />

The event is envisaged as a virtual<br />

platform for people who are interested<br />

in seeding startups both financially<br />

and as mentors. Seeding Kerala<br />

will focus on connecting the existing<br />

ecosystem in the State to national and<br />

international touch points.<br />

“It is the fourth Seeding Kerala<br />

event to be organised by KSUM<br />

along with LetsVenture. We expect<br />

a gathering of around 100 investors<br />

and potential aspirants. It will be an<br />

event where one could share one’s experiences,<br />

understand the excitement<br />

of investing in startups and nuances<br />

of startup investment, and learn how<br />

we can give back to society as well as<br />

be a part of the journey for creating<br />

innovative products which can actually<br />

reshape the world,” said Dr. Saji<br />

Gopinath, CEO, KSUM.<br />

To be held at Kochi Marriott<br />

Hotel, the event will host marquee<br />

investors from the country’s startup<br />

ecosystem and senior officials from<br />

the State and Central Governments.<br />

DR. SAJI GOPINATH<br />

CEO, KERALA STARTUP MISSION<br />

“We are very impressed by the<br />

way KSUM has helped groom the<br />

startup ecosystem. Recently, it has<br />

started another initiative under<br />

which they acted as a Fund of Funds<br />

and invested in funds like us. We<br />

look forward to keep investing and<br />

help growing the ecosystem,” said<br />

Anil Joshi, Managing Partner, Unicorn<br />

India Ventures.<br />

KSUM will offer around Rs. 10<br />

lakh and other prizes to the best<br />

startup in the country that will be<br />

chosen at the meet. The highlights<br />

of the conference will be an Angel<br />

Investing Masterclass – covering the<br />

basics of investment and portfolio<br />

diversification, legal aspects of<br />

investing and some remarkable business<br />

case studies from the State.<br />

About 10 leading technology<br />

startups selected at the national level<br />

will be getting an opportunity to<br />

receive investment worth up to Rs.<br />

3 crore and guidance from experts<br />

at the event. They also stand the<br />

chance of getting business partners.<br />

The startups can pitch their ideas<br />

before the individuals and institutions<br />

participating in the event with<br />

a readiness to invest.<br />

According to KSUM officials,<br />

market access, industry exposure<br />

and one-year branding support are<br />

the other opportunities awaiting the<br />

startups at the event.<br />

“Kerala has a very vibrant startup<br />

ecosystem. A unique feature of the<br />

ecosystem is that it is not city-centric.<br />

It is available throughout the State.<br />

We have also started looking at the<br />

possibility of educating the homegrown<br />

HNWIs, small companies and<br />

corporates to make them consider<br />

investing in this startup ecosystem,”<br />

said M Sivasankar IAS, Secretary,<br />

Department of IT and Electronics,<br />

Government of Kerala.<br />

Investors will get opportunities<br />

to involve themselves in startup<br />

policy formulations, invest in the<br />

best 50 startups in Kerala, partner<br />

with Fund of Funds of the Government<br />

of Kerala, get facilitation space<br />

at Incubation Centres and network<br />

with potential partners etc.<br />

Anil Joshi; Manoj Kumar Agarwal,<br />

Co-founder, Sea Fund; Mehaboob<br />

M A, MD, Secura Investment<br />

Management; Vishesh Rajaram,<br />

Managing Partner, Speciale Incept<br />

Advisors; Dibya Prakash, Cofounder,<br />

Technology and Business<br />

Consulting Group; Shilen Sagunan,<br />

Chief Executive, SS Consulting;<br />

Vinod Keni, Partner, Artha Venture<br />

Fund; and Abhishek Prasad, Managing<br />

Partner, Cornerstone Venture<br />

Partners Fund, among others, will<br />

attend the event.<br />

technopolis, the official campus<br />

magazine of IT Parks Kerala is the<br />

Magazine Partner of the event. <strong>DK</strong><br />

<strong>January</strong> <strong>2019</strong> • Destination Kerala / 15

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