Question

Which of the following statements accurately describes the Kerala Startup Mission (KSUM)?

1. KSUM is the primary agency of the Kerala government responsible for fostering entrepreneurship in the state.
2. KSUM was established in 2006.
3. Its main objective is to promote non-technology-based entrepreneurship.
4. The Head Office of KSUM is located in Kochi.

• A. 1, 2
• B. 2 only
• C. None of these
• D. 1 only

Answer 1

Answer:

A. 1, 2

• The Kerala Startup Mission (KSUM) is the nodal agency of the government of Kerala, dedicated to promoting entrepreneurship, particularly technology-based ventures.

• Founded in 2006, its headquarters are in Trivandrum.

• KSUM plays a crucial role in developing the state's startup ecosystem by providing support, infrastructure, and funding opportunities to aspiring entrepreneurs, thereby encouraging innovation and product development.