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The number of startups recognized increased by 51.6 per cent year-on-year in FY 2025-26 compared to FY 2024-25, while direct jobs created rose by 36.1 per cent during the same period
Startup ecosystem development is being prioritised through stronger seed funds and incubation centres, according to Startup India Head Mamatha Venkatesh.
Jees Karayil, co-founder and director of the Joboy App, gave a rousing speech while speaking about his tenures at various organisations, before finally heading a quickly emerging startup that, he claimed, seeks to ‘uncomplicate life.
NAVA Design & Innovation and Genrobotics Innovations, which were incubated by the Kerala Startup Mission (KSUM), were among the awardees along with God's Own Food Solutions, also from the state.
The Startup India initiative was launched in January 2016 with an aim to support the growth of start-ups in the country.
Vicarious has an Indian connection in its co-founder Dileep George, who haila from Thodupuzha in Idukki district of Kerala.
The state has made an impressive compound annual growth of 17 per cent since 2012, taking the total number of ventures based out of the state to 2,200 and displaying high competence in netting funds, said the report.
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