"Today, there is technology and government to help youngsters who are willing to start a business. One only needs to put in their imagination to make the business successful. It is an amazing time in India to start a business as you have the right talent and market available within the country," he added.

Extending all support to Startup Village, Choice Group founder Jose Thomas said that the incubator had evolved as a role model for other states to follow.

Impressed by the performance of the country's first PPP model incubator, he handed a cheque for Rs 2.5 million to Startup Village chairman Sanjay Vijayakumar on the occasion.

Bringing in his two decades of experience from Silicon Valley, Envestnet Group president Babu Sivadasan said for a venture to be successful, startups must focus on products, employees and clients and not just money.

"Startup Village must be commented for its vibrant environment and the opportunities it was providing to youngsters and for bridging the gap between Silicon Valley and Kerala," he said.

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