UAE-Based Feeder Fund to Invest Rs 1,000 Crore in Kerala Startups Over Three Years

A significant development for Kerala's innovation sector is on the horizon. The UAE-based Feeder Fund, led by the Global Alliance, has committed Rs 1,000 crore to support startups in the state over three years. This initiative aims to engage the global NRI community in Kerala's startup ecosystem, according to an official statement released on Sunday. It also aligns with the Funds-of-Funds programme of the Kerala Startup Mission (KSUM).

Representative image

Earlier, Chief Minister Pinarayi Vijayan inaugurated KSUM's LeapX AVGC-XR Accelerator Programme. This three-month initiative supports startups in animation, visual effects, gaming, comics, and extended reality domains. The programme focuses on original IP creation and technology-driven products for global markets. Selected startups will benefit from mentorship, industry access, investor interactions, and funding support.

Focus on Startup Funding and Business Models

The seventh edition of India's largest beachside startup festival, Huddle Global 2025, concluded recently at Kovalam. Organised by KSUM, it showcased Kerala's vibrant startup ecosystem. Anoop Ambika, CEO of KSUM, highlighted this funding as a major achievement of the December 12-14 event. The festival drew over 3,000 startups and featured more than 200 High-Net-Worth Individuals (HNIs), 100 mentors, corporate exhibitors, and 150 speakers.

Huddle Global 2025 emphasised startup funding and business technology while exploring innovative business models and capital raising strategies. Panel discussions underscored the vast opportunities emerging from global technologies for startups. The event also provided a platform for startups to launch their products and solutions.

Applications for the LeapX AVGC-XR Accelerator Programme are now open to startups across India. Special incentives are available for those registered in Kerala. Eligible startups can access a marketisation grant and opportunities for follow-on funding through partner investors.

This strategic investment by the Feeder Fund is expected to significantly enhance Kerala's startup landscape. By fostering innovation and supporting high-potential startups, it aims to drive economic growth and technological advancement in the region.

With inputs from PTI