Ever thought of taking a break from service to begin your startup? Well, Kerala Startup Mission in here to help you. The government of Kerala has given green signal to the proposal of granting sabbatical leave to faculty members of all colleges who intend to begin startups.
The move enables teachers to take a break from their job to begin their own startup business. The new step has been taken in order to make academic community a part of the state’s vibrant startup atmosphere.
According to the proposal, teachers can establish startups and collaborate with students as co-founders. Kerala is the first ever state in India to take this revolutionary step to encourage budding entrepreneurs.
Initially, a team of 10 faculty members will be selected by an expert panel of the government on an experimental basis, said State IT Secretary M Sivasankar.
The scheme is restricted to regular teachers of institutions across Kerala. The government also plans to provide initial funding to set up startups under the guidance of experts in the field. Kerala had recently witnessed a lot of innovative projects with members from academic community at the helm and this persuaded the government to approve the new proposal.