KOCHI: Kerala will formulate a proposal and submit it to the central government to get funds from the Rs 10,000 crore corpus allocated in the 2014-15 budget to support startups, said a senior state official.

 State Industries and IT Secretary P.H. Kurian on Saturday said a comprehensive plan will be drafted to get sufficient funds from the central government to fuel the growth of the startup ecosystem in the state.

Participating in a panel discussion titled "How the budget allocation can be utilised for fuelling the growth of the startup ecosystem in Kerala" at Startup Village here, he said that apart from providing 2GB free internet connectivity to the area, the government will soon provide 100 startup boxes to the young entrepreneurs in the state.

"The new building coming up in Startup Village, with a built up space of two lakh sq ft, will be completed soon and it will have around 1,000 young entrepreneurs working from it," he added.

Infosys co-founder and Startup Village chief mentor Kris Gopalakrishnan said the Startup Village at Kalamassery was a unique model and provided the right ambience for youngsters to grow which was not the case some decades ago.

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