n Kerala has emerged as one of top start-up destinations in the country, according to a report compiled by digital media platform Inc 42 in association with TiE 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.
In a single year since 2018 alone, the number of startups marked a steep increase of 35 per cent, said the report unveiled at the valedictory function of the TiECon Kerala 2019 in Kochi on Saturday.
Subramanian Swamy, MP, released the report titled Kerala Startup Ecosystem 2019' in the presence of CEO of Kerala Startup Mission (KSUM) Saji Gopinath, organisers of TiECoN said in a press release here.