Kerala Startup Innovation Drive 2021


Innovation Grant

Govt. of Kerala has introduced the Innovation Grant scheme to provide financial assistance to startups, entrepreneurs and startups to help them convert their innovative ideas into full fledged ventures. This scheme is implemented through Kerala Startup Mission (KSUM), which is the nodal agency of Govt. of Kerala for startup related activities and schemes. This year KSUM is calling the application for

  • Idea grant- Upto 2 lakhs

  • Productization grant - Upto 7 lakhs

  • Scaleup Grant -Upto 12 lakhs

Innovation grant is not a prize money for having an idea/product. The purpose of the grant is to help innovators develop the prototype or product and scaling up startups. The grant amount is upto 12 lakhs

ELIGIBILITY

  • Eligibility for applying to innovation Grant

    • An innovator based in and out of Kerala, ( for Idea grant Only). Company incorporation( PVT/LLP/OPC) and KSUM unique ID is mandatory for the fund disbursement process.

    • A startup legally registered with KSUM unique ID Certification in Kerala ( For Idea/Productization/Scaleup Grant).

Selection

  • The applications received by KSUM will first be shortlisted by a panel of experts.

  • The completeness of the online application form including fund utilisation plans are mandatory for shortlisting and further selection

  • Shortlisted startups will be called for the presentation in front of the Expert committee, as per the Covid protocol

  • The Final selection will be based on the recommendation from the expert committee and approvals from the concerned authorities

Documents for Reference

Important Dates

  1. Applications Opening Date 08.09.2021

  2. Applications Closing Date 07.10.2021

Idea

Grant

upto 2 lakhs


Productization

Grant

Upto 7 lakhs


Scaleup

grant

Upto 12 lakhs