The Kerala Startup Mission, formerly known as the Technopark Business Incubation Centre (T-BIC), aims to provide economical plug-and-play facilities to start-ups in the IT/ITES fields. This facility has given rise to over 47 successful ventures, many of whom have expanded by taking up space elsewhere in Technopark. T-BIC currently has . (800 sq m.) at Park Centre, and this is being expanded with another . (1000 sq m.) in the newest Technopark building, Thejaswini. One of the latest companies started at T-BIC is Entiresoft Technologies Private Limited. Expansion and new projects Phase II Technopark has acquired of land, for its Phase II expansion. Out of this, has been earmarked for Infosys and for UST Global. Infosys is planning to create up to of space to eventually accommodate up to 15,000 professionals. It plans to set up in the first phase. UST Global was to set up a campus to be completed by 2015. of space was to be completed by January 2012. Work on the campus was started on 24 October 2007. Tata Consultancy Services has been allotted within the campus for their software development centre. This is in addition to the of land allotted to them for setting up their new training centre—Peepul Park. IBS Software Services is constructing a office on of land. The first phase of the campus was inaugurated on 23 October 2007. Tata Elxsi Limited, which is the product design arm of the US$68 billion Tata Group, has taken on which to build its design and development centre. The first phase of the campus was commissioned on 7 September 2007. The NeST group has also been allocated land to build a development centre, on which work has almost been completed. OXOMO Systems International is one of the fastest-growing IT company in the area, concentrating on software development, Digital Marketing, and IT outsourcing sectors. Technopark Phase III Technopark has completed acquisition of of land for Phase III expansion. Firms like Larsen & Toubro and the Rahejas are planning major developments within and around Technopark as well. L&T has already announced its plans to set up a hybrid IT-and-residential park as part of Technopark Phase III. iGate (formerly Patni Computer Systems) has already announced that it will set up a Rs 150 crore ($US 32 million) development centre in Phase III. The second and third phases of expansion of Technopark along with the ramping up of operations