Thiruvananthapuram: The Kerala Startup Mission (KSUM) is fast-tracking the development of a global emerging technology start-up hub at Technopark Phase IV (Technocity) in the capital. Preliminary works, including land clearing and levelling on the three-acre site, are underway with assistance from Technopark authorities.
KSUM has identified five key sectors for the hub: aerospace, healthcare, agriculture and food, digital media and entertainment, and energy based on a comprehensive study by the project management consultant.
The construction tender will be issued in July, with work starting in August. “Ground clearance and site inspection are in progress,” said Ashok Kurian Panjikkaran, business head at KSUM.
“The project management consultant has identified key focus areas, and the evaluation of their report has been completed. This enables us to issue the tender next month and begin construction soon after,” he added.
Anoop P Ambika, CEO, KSUM told TOI that though the hub’s structure will be completed on time and that operations will start sooner using interim facilities.
“The infrastructure will come up in due course. However, the operation will start earlier and we are in the process of planning it with our project management consultant. Since the technologies will be futuristic, we are working on it to ensure that a basic housing facility is ready soon at the location, ” he said.
The proposed hub aims to establish a robust startup ecosystem in the capital and will be developed under a public-private partnership model. The project is set to be completed by early 2026. The state budget has allocated Rs 20 crore for the technology innovation zone in Kochi, part of which will be utilized for the preliminary development of the emerging technology hub.
KSUM envisions the hub as a platform not only for young innovators and entrepreneurs but for all technology enthusiasts, irrespective of age, who are passionate about emerging technologies. The hub’s inclusive nature is designed to foster innovation and creativity across various demographics.
Previously, KSUM issued two expressions of interest for project management and strategic consultants, which attracted five companies. Out of these, three companies submitted bids for project management consulting, and two for strategic consulting.
The selected firms have completed their studies and submitted detailed reports. The seven-story, 5 lakh square foot facility on the Technocity campus at Pallipuram will accommodate around 1,000 startups.
The total construction cost has been estimated at Rs 145 crore. This extensive space is intended to provide ample room for innovation, collaboration, and growth. The hub is modelled on the successful Kalamassery Startup Village, which has become a beacon of startup activity in the region.