 The Government of Kerala established "Mahakavi Ulloor Memorial Library and Research Centre" in 1956, to honour the memory of the poet, and it was shifted to a new premises in Jagathy, Thiruvananthapuram in 1966 which was inaugurated by S. Radhakrishnan, the then president of India.The institution which houses a research centre and a public library, became the first open university in Kerala for non-formal education in 1978, offering courses in Sanskrit, Malayalam literature, poetry and telecasting.It has also instituted an annual literary award, Ulloor Award, to recognise excellence in Malayalam poetry.