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Kerala Government Extends Support For Startups

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Kerala Government Extends Support For Startups,Startup Stories,2017 Business Updates,Kerala Government Financial Support For Startups,Financial Support for Startups in Kerala,Kerala Startup Mission,KSUM Manager Ashok Kurian Panjikaran,Startup Village Entrepreneurship Program,Kerala Government News

The Kerala Government will now be providing financial support to startups for seven years. The Government announced financial support for startups will be extended by 2 years from the existing five years, in line with Startup India’s definition of startups.

Benefits such as access to subsidized office facilities will also be extended as a part of the move to give a boost to tech based product development startups currently operating in Kerala. At present, there are 757 technology startups registered with the Kerala Startup Mission (KSUM,) the implementing agency for entrepreneurship development and incubation activities. According to a recent study, only a few startups have managed to earn a profit. Therefore, this decision to extend the benefits aims to help the startups and reduce their extra financial burden as well.

Speaking about the extension, KSUM Manager Ashok Kurian Panjikaran said, “KSUM focuses on developing product based companies and the extension will suit our requirements.” According to startup entrepreneur Robin Alex Panicker, product development companies take longer to build when compared to services companies. Without subsidized office facilities and other benefits, the cost of a startup company will increase significantly after the incubation period.

KSUM is also read to launch the Youth Entrepreneurship Development Programme (YEDP.) Armed with State funding of Rs. 20 crores, YEDP aims at developing technology led innovation and entrepreneurship among schools, college students and aspiring entrepreneurs. The selected startups will also be receiving the funds by next month.

Kerala was one of the first states to adopt a Startup Mission for implementing the entrepreneurship development programmes in the state. The technology startup policy was also launched in 2014 with the aim of building an entrepreneurial society in Kerala. In July this year, the Kerala Government also allotted 12 new projects as a part of the Startup Village Entrepreneurship Program (SVEP.) Over 2,000 startups operating in the State will be offered financial as well as technical support under this initiative. With this programme, Kerala became the first state in India to have introduced SVEP project in all its districts.

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Sundar Pichai Reaches Billionaire Milestone as Alphabet CEO

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Sundar Pichai, the visionary CEO of Alphabet Inc., has officially entered the ranks of global billionaires, accomplishing this rare feat after a decade at the helm of one of the world’s most influential tech giants. Pichai’s net worth hit $1.1 billion—according to the Bloomberg Billionaires Index—fueled by Alphabet’s incredible market performance and the company’s growth of more than $1 trillion in value since early 2023. Achieving billionaire status without being a founding member sets Pichai apart, highlighting his significant impact among non-founder tech leaders.

Born in Tamil Nadu, India, Pichai’s success story is rooted in humble beginnings. He spent his childhood in a modest two-room apartment, only gaining access to a telephone at age 12. A scholarship took him to Stanford University in 1993, with his family making great sacrifices for his education. After joining Google in 2004, Pichai played a pivotal role in the development of Chrome and rose steadily, ultimately becoming CEO in 2015. His leadership through Alphabet’s restructuring and his stewardship over high-growth areas like YouTube, Google Cloud, and Google Play have been critical to the company’s success.

During his tenure, Pichai has championed aggressive investments in artificial intelligence and cloud infrastructure, positioning Alphabet at the forefront of technological innovation. While his annual salary sits at $2 million, the majority of his fortune stems from stock awards and financial incentives tied to performance. Pichai’s journey exemplifies the rise from modest beginnings to extraordinary success, serving as an inspiration and proving that transformative leadership and strategic vision can redefine what’s possible—even without a founder’s equity stake.

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IIT Hyderabad Unveils Palyanka, Heavy-Lift Drone for Air Ambulance Use

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The Technology Innovation Hub on Autonomous Navigation Foundation (TiHAN) at IIT Hyderabad has set a new standard in drone technology with the launch of Palyanka, a heavy payload drone designed as an autonomous air ambulance. Capable of carrying up to 200 kg, Palyanka is engineered to swiftly transport patients, medical equipment, or critical cargo across challenging terrains, bypassing traditional barriers like road congestion and remote inaccessibility. This advanced UAV operates autonomously, making it highly effective for rapid response in both urban and rural emergencies, and stands at the forefront of disaster relief operations in scenarios such as floods and fires.

Built for versatility, Palyanka doesn’t just function as an air ambulance. Its robust design enables use in rescue missions, cargo deliveries, and even as an air taxi for metropolitan connectivity. Inspired by the Sanskrit word for palanquin, the name “Palyanka” reflects the drone’s role as a safe and efficient carrier. All components, from conceptual design to IP, have been developed in-house at IIT Hyderabad, ensuring the drone meets stringent standards for durability and performance under extreme conditions.

With a development journey spanning over five years and led by Prof. P. Rajalakshmi, TiHAN’s team has transitioned from early drone prototypes to a full-scale, high-capacity solution like Palyanka. The team is now preparing pilot projects in hilly terrains and working on further enhancing the drone’s endurance with innovative heat-resistant materials. By pioneering such indigenous solutions, IIT Hyderabad’s TiHAN is transforming emergency medical services and logistics, marking a pivotal advancement in India’s urban mobility and public safety landscape.

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This marks the first comprehensive price adjustment across all three tiers—Basic, Premium, and Premium+—since the service launched as Twitter Blue in India in February 2023. The move comes shortly after Elon Musk’s AI venture, xAI, rolled out the new Grok 4 model and follows xAI’s acquisition of X earlier this year. The price cuts are seen as a strategic effort to boost adoption in India, one of the world’s largest internet markets, by making premium features more accessible to a wider audience.

Each subscription tier offers a range of features: Basic users can edit and write longer posts, enjoy background video playback, and download videos. Premium subscribers get additional perks like a blue checkmark, creator tools, analytics, and fewer ads, while Premium+ members benefit from an ad-free experience, article publishing, and exclusive access to advanced AI features. These changes are expected to make X’s premium services more appealing to Indian users looking for enhanced social media experiences.

 

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