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Scheme
Call for Applications for Setting up and Establishing Sector Specific Incubators/Accelerators in Kerala

Category: Group 1 Agencies

Kerala Startup Mission (KSUM) calls for application from entities to set up sector specific Incubators/ Accelerators in Kerala. These agencies will be supported 
Government of Kerala vide G.O (Rt) No. 285/2017/ITD dt 12.11.2017 released an order on ‘Scheme for Establishment of Space for Supporting Incubators as per the IT Policy 2017’. Subsequently, support will be given to private entities with proven experience in startup mentoring to set up incubators/ accelerators in the State. The G.O describes the supports offered to these agencies in terms of Capital Cost, Operational support and Startup Mentoring supports as provided in the Clause 10.3 of IT Sub Policy 2017.
Details

Extent of support 

  • Capital Assistance: Furnishing expense limited to Rs 2000 per sqft; provided such furnishing is done in a Government space, including own space provided by Local Bodies and PSUs
Operational Assistance: Maximum of Rs.50/sqft/month
Maximum period of Operational Assistance and Internet support: 5 years
Promotional Support: All incubate will be eligible for KSUM schemes like Startup boxes, grants, seed funds cloud credits etc.
Startup Mentoring supports as provided in the Clause 10.3 of IT Sub Policy 2017. 

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Eligibility Criteria
  • The above-mentioned agencies are classified into three Groups for specific supports, and the Call for Application is particularly meant for Group 1.
  • Government Departments, Government Agencies, International Universities, Commodity Boards and Industry Associations
  • Reputed International incubators /accelerators which are in operation in international locations for at least three years
Preconditions
  • The proposed incubator should operate out of a Government owned space or space within a Government approved IT Park. 
  • Size of Incubator: Between 5000 to 25,000 sqft
  • Percentage of Startup Incubatees: At least 90%
  • Charges leviable by the incubation service provider on the startups: Maximum Rs.2500/month
Forms to be submitted
  • Application along with signed undertaking
  • Detailed Project Report including Financials
  • Business Plan of the proposed incubator
View Government Order