Thiruvananthapuram: Giving a major boost to Kerala's innovation ecosystem, UAE-based Feeder Fund, spearheaded by the Global Alliance, will provide Rs 1,000 crore fund for startups in the state over a period of three years.

The fund is envisioned as a structured vehicle for the global NRI community to participate meaningfully in the growth of the Kerala startup ecosystem, an official statement said here on Sunday.

It also complements and supports the Funds-of-Funds programme of the Kerala Startup Mission (KSUM), it said.

Anoop Ambika, CEO of Kerala Startup Mission, announced it at the valedictory of the three-day seventh edition of India's largest beachside startup festival Huddle Global 2025, organised by KSUM, at Kovalam near here.

Anoop said it is a major achievement of the December

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