Women’s Incubator to be Launched at Assumption College

Published: 27th August 2014 06:27 AM  |   Last Updated: 27th August 2014 06:27 AM   |  A+A-

KOCHI: Equality in entrepreneurship seems to be the new mantra of Kerala State Industrial Development Corporation (KSIDC) as it is going to start the first incubator for women at Assumption College at Changanasserry. The official inauguration of the incubator, as part of the Young Entrepreneurs Summit, will be done by Chief Minister Oommen Chandy on September 12.

An incubator is a place which provides support staff and equipment at a low rent to new and small businesses. At present, six companies are being nurtured at the incubator at Assumption College and the fields they are working on include fashion technology, tourism, farming, hotel management and garment manufacturing. About 18 students are part of these startups at this incubator.

“We want to promote women entrepreneurs as a specific brand in the State. There are areas where women from Kerala can excel. Our aim is to find out these areas and nurture enterprises in these sectors. This first incubator dedicated to women at Assumption College in Changanasserry is the first step towards this direction. The KSIDC will provide the required support to the incubator, which includes mentoring and funding,” said KSIDC managing director Aruna Sundararajan.

The sectors which are in focus for women are retail, fashion, food processing, wellness and beauty. The number of women entrepreneurs are on the rise in the state.

About 30 women are making big strides at the Startup Village in Kochi. Over 60 per cent of the companies in the village have women employees in sizable numbers.

“When the Technopark Business Incubator started functioning at Thiruvananthapuram, there were no women entrepreneurs.

“But in the startup village, there are women who are also the co-founders of companies,” said Sanjay Vijayakumar, chairman of Startup Village. According to Jessy Mathew, CEO of Assumption College Incubator, more students are coming to the incubator to start their own companies.

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