Kozhikode, 24th Feb 2014: Calicut forum of IT (CafIT), a nonprofit umbrella of IT companies in Kozhikode recently launched “CafIT Square”, an innovation zone at HiLITE Business Park.
This venture, a first of its kind in the region is a cluster of IT companies at Kozhikode (Kerala) keen to explore new business ventures in the areas of Mobility, Social Media, eCommerce, Analytics and Cloud Computing. In the first phase, more than 10 companies have committed to build world class products or provide services around open source business frameworks. Spread over 30,000 sq. ft., the innovation zone has the potential to provide employment to over 600 technical and management stream graduates from the Malabar region.
A few senior professionals from Bangalore and neighboring cities are returning back home to help see this venture through. Efforts are also on to get participation and support from the Govt. of Kerala, NASSCOM, National Innovation Council, MSME etc.
CafIT has played a major role in shaping the IT culture at Kozhikode by bringing small companies together and providing guidance and support in entrepreneurship. Member companies have customers in over 25 countries, providing out-of-the-box solutions and some have offices in various locations in India and abroad.