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

Category: Group 2 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 

  • o Operational Assistance: Maximum of Rs 30/sqft/month
  • o Maximum period of Operational Assistance and Internet support: 5 years
  • o Promotional Support: All incubate will be eligible for KSUM schemes like Startup boxes, grants, seed funds cloud credits etc.
  • o 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 2.
  • The proposer must be a DST or any other Government of India agency (like BIRAC, ICAR, Niti Ayog etc.) 
  • The proposer should be an incubator which is in operation for two years or more
  • The proposer must have experience in managing incubators, accelerators in other parts of India.
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 70%
  • 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