Kerala chief minister Oommen Chandy will launch the initial phase of the Technology Innovation Zone (TIZ) at the Kinfra Hi-Tech Park in Kalamassery on October 20.
Through TIZ, an ambitious project under Technopark -Technology Business Incubator (TBI), the state government aims to offer incubation facilities for start ups in sectors such as telecom and IT, agriculture, tourism, electronics and biotechnology.
The facility offers aspiring entrepreneurs support starting from conceptualisation and mentoring of the idea, infrastructure needs and networking with the potential angel investors.
The new 10,000-sft space will house around 40 startup firms. The operations at the zone will be under Startup Village, while the implementing authority of the 150-crore project is the Technopark-TBI, based out of Thiruvananthapuram.
The project is spread across 13.2 acres at the Kinfra Park. Work on the remaining buildings is progressing and would be completed by 2016-end. Once fully operational, TIZ would have a total built up area of over 3,00,000-sft and will have all the amenities of a futuristic business incubator, including fab-labs (fabrication labs) and a data centre apart from a convention centre, food courts and an exhibition lounge.