As one of the frontrunners in among Indian states for startup friendly policies, Kerala has now approved its departments and autonomous institutions to invite startups registered under the Kerala Startup Mission (KSUM) to implement their IT projects that cost upto INR 1 crore ($143K).
The government order states that the state departments, boards, local self-government institutions, corporations and universities etc can rope in startups through limited tender for design, development and implementation of their IT projects costing above INR 20 Lakh ($28,692) and upto INR 1 crore ($143K).
Interestingly, startups from across the country can pitch their products to government departments if they are registered in Kerala.
“The new government order will significantly help the growth of the startup ecosystem in the state. This step will bring excellent opportunities for startups, besides helping the state attract such ventures from other states to Kerala,” said Dr Saji Gopinath, CEO, KSUM.