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IEDC | Accreditation Details Submission open
Submission of the documents is mandatory for all IEDCs
IEDC | Fund Requests
Submission of the documents is mandatory for all IEDCs
Last Date existing IEDCs : Closed
First time grant request : 15 June 2023
Please read the complete page before filling this up | Templates available at the base of the page
Please go through the documents before submitting
In line with the financial procedures to be carried out with respect to IEDC, it is mandatory to submit the Utilization Certificate and the Statement of Expenditure by the end of every financial year. The same will be considered for accreditation and financial due diligence as well. All IEDCs that received funds on or before 31 December 2022 should submit utilisation certificate (in the prescribed format) as part of the same.
We are accepting requests for funds from IEDCs (IEDC grant) for this financial year. KSUM will be accepting grant release one time a year basis for the existing IEDCs. The last date for receiving the request is 30 April 2023, 22:00 Hours. Please apply for funds in the below link (Activated on 01 April 2023).
The prime objective of the IEDC is to identify innovative scalable ideas from institutions and connect them to Kerala Startup Mission or provide them with all the necessary ingredients either directly or through various stakeholders that would convert them to startups.
Aim of IEDC should be to generate At Least one Startup (a startup with a product) from each IEDC every year and should be registered under KSUM (Startup having KSUM Unique ID/ Registered DPIIT)
IEDCs should ensure the design and delivery of programmes as per the provisions mentioned in the IEDC Nodal Officer’s Handbook and Fund Utilisation Guideline of KSUM.
Each Institution should have at least two Nodal Officers from different departments and at least one should be a female, in charge of the IEDCs and any change in Nodal Officer or Head of the Institution should not affect the activities or Fund related matters in IEDC. The Institution will be solely responsible for all IEDC ups and downs.
The IEDC should have a dedicated space of at least 1000 Sq Ft with proper branding with IEDC and KSUM logo for grant release.
All the transactions from Kerala Startup Mission shall be operated through a dedicated joint account started in a scheduled / nationalised bank. This account shall be operated jointly by Principal and Nodal Officer/CFO/ Finance Lead.
Institutions should confirm receipt / non-receipt of funds to their IEDC account within 3 days of receipt of the amount in IEDC Account / Mail from Kerala Startup Mission regarding fund release.
The financial assistance can be used for conducting workshops, bootcamps, ideathons, Hackathons and innovation & techno-entrepreneurial activities which are helpful for the Innovators under the IEDC in the region with the support of KSUM/ Community Partners associated with KSUM/ Accredited Industry Body/ Corporates.
The financial assistance cannot be used for tech-fests, sponsorship, infrastructure development, advertisement and paid PR activities.
The fund cannot be used for payment of Rent and other utility charges, purchase of assets, purchase of high-end devices (can use devices available with KSUM, other IEDCs and TBIs, but can be used on orders from KSUM), Patenting expenses (Innovators can apply for patent reimbursement scheme of Kerala Startup Mission), towards manpower payment, payment of TA/DA and fuel expenses (in specific cases KSUM will inform through the mail sanctioning utilisation).
The fund cannot be used for application fees/participation fees, TA/DA and fuel expenses or any payment for events organised by other institutes/other IEDCs.
Honorarium for Nodal Officers / Faculty cannot be met from the IEDC Grant
The institution may bring in additional funds through institution contributions/ sponsorships/ industry connections/ other government or non govt. support schemes which can be used for that not covered by IEDC (grant Subject to the satisfactory compliance of corresponding fund utilisation guideline).
The detailed fund utilisation report shall be prepared every quarter by the IEDC nodal officer and the consolidated shall be submitted to Kerala Startup Mission before 30 April every year along with necessary documents for fund release in the application form.
Impact created by the IEDC will be evaluated by the "Accreditation of IEDCs in Colleges - Kerala Ranking Framework" based on the data submitted by the institution, data submitted here will be used for the same, additional data if any shall be collected by mail.
IEDCs are expected to form the new execom during the month of April and work along the previous execom for few months (May- June). The new team should work on the action plan for the next year, that is submitted. (This is mandated as courses in most universities ends in April to July every year and if any final year students are present in the execom they will be busy with their projects and closing year works. As a result some IEDCs are observed to be not running any activities during this period. Selection of Execom at an earlier time will prevent such stagnant phases.).
Submitting the following details is mandatory for fund release in the fund request form under the report section
Startups from Institution in the form till date (Without CIN/DIPP No/ Unique ID will make the idea to be considered as Ideation stage/pre incubation stage. If unfilled no will be considered as zero)
Patents Generated from the Institution (if unfilled no will be considered as zero)
Previous activity reports
Action Plan for the coming year (Should be submitted when requested)
Please keep the following information ready while submitting the fund request
Details of PoCs (If more faculties are involved in IEDC activities)
Details of Nodal Officers
Details of Head of the institute
IEDC Execom 2023-2024 details are submitted and the excel sheet is ready
Bank Account Details are submitted
Please Keep the following documents ready in specified Format
IEDC Activities Report 2022 - 2023
IEDC Activities Report - Previous Years
Auditors Report, Fund Utilisation Certificate & Signed Statement of Expenditures with UDIN no (as per the prescribed format is mandatory)
Scanned Passbook Front Page
Account statement till 31 March 2023
IEDC Action Plan 2023 - 2024 (as per the prescribed format with details of expenditure)(Should be submitted when requested)
Declaration in College letterhead (as per the prescribed format is mandatory)
Have any queries please reach out to
Mr. Bergin S Russel
Assistant Manager
+91 6238998379
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