Technopark Technology Business Incubator (T-TBI), now Kerala Startup Mission (KSUM), has been turned around from a mere subsidised facility that kept alive zombie start-ups to a vibrant organisation according to C. Jayasankar Prasad, CEO, KSUM. Talking to The Hindu on completing two years at the helm of the KSUM, Dr. Prasad said it was not a smooth sail for the initiative.b The T-TBI was being run like an ICU, keeping alive a number of start-ups which would not have survived outside its subsidised system, starving potential start-ups of valuable resources,b . Strict and transparent measures were taken to weed out zombie start-ups, screen applicants, review start-ups, and ensure proper mentoring. Appreciating the pioneering work of Startup Village, Dr. Prasad said the KSUM team could efficiently fill the vacuum left behind by the sudden withdrawal of Startup Village from the incubation outreach space.
The KSUM team had been able to implement all start-up policy initiatives with desired results.
(Excerpt from an article published in The Hindu on September 18, 2016)