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Time of India
13-07-2025
- Business
- Time of India
Emerging tech startup hub's work delayed as KSUM seeks revised DPR
Thiruvananthapuram: Construction of emerging technology startup hub at Technopark Phase IV in the state capital is set to be delayed. Kerala Startup Mission (KSUM) directed architecture consultant Klimart Pvt Ltd to revise the detailed project report (DPR) to incorporate additional project components. While the scope of the project remains unchanged, the revision is expected to postpone the tendering process by at least a month. The revised DPR is likely to be submitted within four weeks, after which the tender for construction will be floated. The original DPR was submitted last month but officials decided to rework it to ensure the project comprehensively addressed the infrastructure needs of emerging technology startups. "The project is a cornerstone of Kerala's vision to nurture next-generation enterprises. We want to ensure that the facility meets future requirements, both in terms of physical infrastructure and strategic direction," said Ashok Kurian Panjikkaran, business head of KSUM. "The revised DPR will help us fine-tune those priorities without altering the fundamental scope," he added. The hub, once completed, will be among the largest startup infrastructure projects in the state. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Поза во сне может многое рассказать о вашем характере! Удивительные Новости Undo Designed as a five-storey, state-of-the-art building spread over 5 lakh sq ft, the facility will be constructed on a three-acre plot and will house nearly 1,000 startups. The project is estimated to cost Rs 350 crore. Klimart, which was selected through a competitive bidding process, completed building design and interior layouts. The firm is now working on DPR revision, which will include detailed construction cost estimates and explore potential funding models, ranging from full govt financing to public-private partnerships.
Time of India
05-05-2025
- Business
- Time of India
Govt to launch ‘Freedom Square' at IT park Phase IV
T'puram: In a major push to promote innovation and youth entrepreneurship , Kerala Startup Mission (KSUM), in collaboration with department of tourism, is all set to roll out the first-of-its-kind ' Freedom Square ' project at Technopark Phase IV in Pallippuram. The project is designed to become a vibrant, round-the-clock co-creation hub for students, startups, investors and industry leaders. According to KSUM, the project will become a reality in the current financial year. The inaugural facility is set to come up on five acres of land owned by tourism department, located near Digital University of Kerala. It will be an open space with a building so that they can spend a whole day and night with events and recreation. According to Ashok Kurian Panjikkaran, business head, KSUM, Freedom Squares are not just buildings; they are movements. "We want to give young minds a space where they can brainstorm freely, build on ideas and engage directly with mentors, corporate leaders and investors. This initiative ties in with our mission to transform Kerala into a knowledge society. We hope to start the first such facility in Technopark Phase-IV before March 2026," he said. The centre will be open 24/7 and include coworking spaces, meeting rooms, dormitories, recreational areas and high-speed internet connectivity. It will also act as a nodal centre for Innovation and Entrepreneurship Development Centres that function in various educational institutions across Kerala. Tourism department's involvement is intended to add cultural and aesthetic value to the space while encouraging community participation and social innovation. Tourism features include a VR-powered experience zone, amphitheatre, gaming arenas, and cultural integration spaces showcasing Kerala's heritage. Wellness facilities, including a mini hospital and meditation areas, will further enhance the visitor experience.
