KSUM ranked world's top public business incubator
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Kochi: Kerala Startup Mission (KSUM), the nodal agency of the Kerala government for entrepreneurship development and incubation activities in the state, has been ranked as the world's top public business incubator by the UBI Global World Benchmark Study 2021-2022 of Business Incubators and Accelerators.
The ranking marks a major endorsement of its role in turning Kerala into a vibrant startup hub. For arriving at this recognition, UBI Global assessed 1,895 organisations.
UBI Global is a Sweden-based innovation intelligence company and community founded in 2013 in Stockholm. The award was handed over at a function in Belgium.
Secretary (Electronics & IT), Government of Kerala, Dr Rathan U. Kelkar, and KSUM CEO Anoop Ambika, jointly received the honour for KSUM at the UBI Global World Rankings 2021-2022 event held as part of the World Incubation Summit in Ghent, Belgium, on Tuesday.
"KSUM's incubation programmes demonstrated exceptional value for client startups, value for the local ecosystem, and overall attractiveness as a programme. Following a rigorous data-driven approach, we assessed and benchmarked incubation organisations across the world," said Head of Research at UBI Global, Joshuah Sowah.
The World Benchmark Study is conducted to identify the best programmes from around the world and share the best practices for building a robust startup ecosystem.
KSUM received major accolades in the last five years, adding to the momentum of its incubation activities that accelerated the growth of nascent firms.
In 2018, 2019 and 2021, the state was ranked as the top performer in the state startup rankings by Startup India, which comes under the Department for Promotion of Industry and Internal Trade (DPIIT).