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Jun 3, 2014

KSIDC to set up Angel funding of Rs 10 crore corpus

Kochi: Aiming to encourage budding entrepreneurs, Kerala State Industrial Development Corporation (KSIDC) will be setting up an angel funding with a corpus of Rs 10 crore for innovative startups this year, a top official Friday said.

The angel funding would be extended to any innovative project -- IT, bio-technology, agriculture or any other sector, KSIDC Chairperson Aruna Sundararajan told reporters on the sidelines of the Kochi edition of the Nasscom Product Conclave (South), which she inaugurated here.

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