Kerala State Industrial Development Corporation (KSIDC) is contemplating over on-boarding domestic as well as global venture capital and private equity firms to handhold nearly 50 seed funded Kerala-based start-ups.

KSIDC has seed funded close to 50 start-ups across 17 sectors in Kerala since 2015. To further the growth of these financially assisted companies, the corporation is looking up to collaborate with VC and PE firms to scale operations and seek next round of funding.

“In a nutshell, the intention is to create an ecosystem that is simple and easier for the firms to connect with the entrepreneurs based in our State,” said KSIDC General Manager Anand Sarma.

The supported start-ups have so far showcased significant innovative, feasible and marketable characteristics at various platforms and thus the industrial development corporation is identifying prospective investors to connect them with the companies.

The 17 sectors touched by KSIDC are agriculture, artificial intelligence (AI), e-Commerce, education, electronics, engineering, fintech, food processing, healthcare, robotics and industrial automation, IT and ITES, life sciences, logistics, media and entertainment, solar engineering, sports, and environmental.

The GM of KSIDC has also informed that 15 more start-ups have submitted proposals seeking seed funding from the corporation which will be placed before an investment committee for final approval.