Govt. of Kerala has introduced the Innovation Grant scheme to provide financial assistance to startups, entrepreneurs and students 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:
upto 3 Lakhs
upto 7 Lakhs
Productisation Grant for Women/ Transgender
upto 12 Lakhs
Market Acceleration Grant
upto 10 Lakhs
Scale Up Grant
upto 15 Lakhs
R & D Grant
upto 30 Lakhs
Eligibility for applying to innovation Grant
An innovator based in and out of Kerala can apply for Idea grant without KSUM Unique ID. Company incorporation (PVT/LLP/OPC) and KSUM unique ID are mandatory for the fund disbursement process.
A startup legally registered with KSUM unique ID Certification in Kerala can apply for Idea/Productization/Market Acceleration/Scaleup Grant).
Women/Transgender having 51% Share can apply for Productization Grant for Women/Transgender
The applications received will first be scrutinized by KSUM
Then the applications will be shortlisted by a panel of experts (If the number of applications is large)
The completeness of the online application form is mandatory for shortlisting and further selection
Shortlisted startup 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 authorities
KSUM is planning to conduct "Ask Us Anything" session in every Friday 4pm.We welcome your queries about grants offered through the Kerala Startup Mission. Please join the session with any questions you may have about the various grants, and we will be happy to address them.