Over the years many programmatic interventions have been introduced in the Startup ecosystem, whose core role is to serve as intermediaries between the start-ups and the complex landscape of resources in the ecosystem. On a broad level, these intermediaries support startups by linking them to the resources embedded in the local ecosystems like education, mentoring, networking, physical infrastructure, funds, beachhead market etc. The most popular examples of such programmatic intermediaries are startup challenges, venture studios, Startup showcasing, incubators and accelerators.
Accelerator program in Kerala
Most of the Government-led accelerators typically have one of two main goals:
- to bring new entrepreneurs into an area or
- to retain skilled entrepreneurs by helping them Scale. KSUM had launched accelerator programs since 2017 in India on multiple thematic verticals with support & patronage of various partners.
One of the earliest Accelerator programs was in collaboration with Ernst & Young (EY). The accelerator was named ‘K-EY Accelerator’ and aimed at supporting early stage startups to firm up their problem statement and validate their business model with the support of the expert guidance of the EY team.