Kerala launched Accelerator for Electronics technologies (ACE) to boost start-ups.

Kerala has launched a state- of-the-art Accelerator for Electronics Technologies (ACE) on November 2, 2020. The technology is expected to boost the southern state’s startups that are striving to scale up as sustainable enterprises.

Highlights

• The development of ACE was a joint initiative of Kerala Startup Mission (KSUM) and Centre for Development of Advanced Computing (CDAC).
• The ACE seeks to develop itself as a leading accelerator in the country’s electronics technologies.
• ACE will nurture the development of high-tech startups in electronics and allied disciplines.
• The ACE was inaugurated by the Chief Minister Pinarayi Vijayan.
• The accelerator would be complementary to the KSUM- supported incubator in the field of electronics technologies that have been established in Kochi.

Monitoring

The CADC will be the mentor of the startups for a specific period the startups. CADC will be providing the startups the access to the new facility’s physical and intellectual infrastructure. CADC has also mandated to facilitate software infrastructure that will support the research and development of high-end electronic systems, tools and services.

Significance

The ACE would provide 1,000 direct employment opportunities. The  accelerator would also be “highly beneficial” to young entrepreneurs. It will enable them to steady their ventures.  It would further  help software infrastructure to earn support for research and development of high-end electronic systems, tools and services. This would further strenghten the Kerala’s plan to double the space for IT firms.

Kerala’s IT climate

The state bags the reputation of owning the best IT climate in India. This was also demonstrated even during COVID times.