{
  "id": 19650001,
  "title": "Keralam positions itself as a value-driven launchpad for deeptech startups",
  "url": "https://urgent.news/2026/11/12/keralam-positions-itself-as-a-value-driven-launchpad-for-deeptech",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-12T12:31:12.000Z",
  "source": {
    "name": "YourStory",
    "slug": "yourstory",
    "url": "https://yourstory.com/2026/11/keralam-aims-to-be-value-led-destination-for-deeptech-startups"
  },
  "original_language": "en",
  "account": "Kerala, often known as Keralam, is actively positioning itself as a value-driven launchpad for deeptech startups and advanced technologies. This was highlighted during the inaugural Huddle Global 2026, a beachside startup festival organized by the state government.\n\nChief Minister V D Satheesan emphasized that the state aims to elevate its companies globally and foster the growth of existing startups. In contrast to 2016, when there were approximately 300 startups in Kerala, the current landscape boasts around 9,200 young companies with a combined valuation of $1.7 billion. These startups have attracted over Rs 8,500 crore in funding.\n\nSatheesan outlined a strategic shift for the state's startup ecosystem, moving from a mission-oriented approach to a scaling phase. The government has been supporting startups through a fund of funds program and plans to strengthen this initiative by increasing innovation grants, R&D support, and seed funding.\n\nThe Chief Minister stressed the importance of future technologies, particularly artificial intelligence, and highlighted the government's commitment to strengthening its incubation network through stronger partnerships with academic institutions.\n\nP K Kunhalikutty, Minister for Industries, IT, Future Technology and Startups, emphasized the government's focus on emerging technologies, especially artificial intelligence. He added that the state will introduce more initiatives to attract investments in this sector.\n\nSuhas, Special Secretary, Electronics and IT Department, shared the impressive progress made by Kerala's startup ecosystem, which includes developing an edge AI chip, collaborating with SpaceX for satellite launches, and creating innovative solutions such as a mechanical manhole cleaning machine that secured a contract in Singapore. He noted that the question now is not whether startups can be built, but how big they can grow.\n\nThe government aims to have around 100 deeptech startups valued at Rs 100 crore and above, signaling its commitment to nurturing a thriving deeptech sector in Kerala.",
  "summary": "The Keralam government is keen to enhance the value of its startup ecosystem especially with the deeptech segment providing financial and other infrastructure support",
  "key_points": [
    "Kerala positions itself as a value-driven launchpad for deeptech startups.",
    "Startup ecosystem grew from 300 to 9,200 companies with $1.7 billion valuation.",
    "Focus on artificial intelligence and strengthening incubation network."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}