Kerala becomes Asia’s Best Startup Ecosystem

Daily Current Affairs / Kerala becomes Asia’s Best Startup Ecosystem

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Category : Business and economics Published on: June 18 2022

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Kerala’s efforts to become the world’s best startup hub get global recognition.
The ‘Global Startup Ecosystem Report (GSER)’ presented by the US-based startup genome and global entrepreneurship network indicates Kerala holds 1st rank in availing employees at lower costs (Affordable Talents) in Asia.
The global ranking is 4th. In 2020, they were in 20th place.
Kerala achieved the award based on initial funding, venture investment and attracting and retaining professionals.
In the venture capital funding category, Kerala is among the top three Asian nations where most funding was received.

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Kerala becomes Asia’s Best Startup Ecosystem