Kerala’s tech start-up ecosystem, Kerala Startup Mission, has gained further traction with the signing of the strategic memorandum of understanding (MoU) with Fincasa Ventures.
The Kerala Startup Mission ecosystem currently boasts 2,900 startups and has raised over $300million in funding while Fincasa Ventures, a Dubai-based investment advisory firm, has participated in such agreements, including one with the prestigious IMT Business School Dubai, that has enabled students of the school to develop their business ideas and turn them into success stories.
Fincasa Ventures and Kerala Startup Mission signed the MoU at a special B2B conference hosted by the Kerala Startup Mission. This conference was supported by the Kerala government in order to secure significant business, operational, and investment opportunities for tech startups in Kerala.
Addressing the conference, Kerala Startup Mission’s CEO John M. Thomas said: “Kerala Startup Mission is delighted to collaborate with Fincasa Ventures. This collaboration will support Kerala Startups to find the right investment and market access support in the Middle East region. We look forward to leveraging the experience and expertise of Fincasa Ventures which will help Kerala startups to scale smoothly in the Middle East region. ”
In response, Varis Sayed, founder and CEO of Fincasa Ventures said: “We are honoured to be associated with Kerala Startup Mission and recognise it as an upcoming player in the start-up industry which provides an abundance of opportunities for budding entrepreneurs. UAE’s start-up ecosystem has been growing at a phenomenal rate over the past few years. Partnering with Kerala StartUp Mission gives the opportunity to support and encourage start-ups and businesses looking for opportunities for investment and networking in this region. We look forward to partnering with these start-ups and helping them to establish their successful business ventures in the Middle East”.
The MoU with Fincasa Ventures will drive business and investment opportunities for Kerala’s tech startups.