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Kerala Startup Innovation Drive 2020

Kerala Startup Innovation Drive 2020

Here is an amazing opportunity for startups to convert their ideas into full-fledged ventures! #KSUM is inviting applications from startups for Innovation Grant (Idea and Productization). Selected startups will receive a grant of up to 7 lakhs INR.

Idea Grant 


Support 

  • Upto 2 lakhs in installment 


ELIGIBILITY


  • Startups at stages of Ideation & Designing Stage, Proof of Concept Stage, Minimum Viable Prototype Development Stage can only apply 

  • KSUM Unique ID is mandatory

  • For the partnership firm, Company incorporation as Pvt Ltd is mandatory for the fund disbursement process.

  • Startups who have already availed Idea Grant before won't be eligible.


Selection 


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

  • For the 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 


Important Dates 

Last day of Application: 23rd October 2020

First Shortlisting: 1st November 2020


Productization Grant 


Support 

  • Upto 7 lakhs in installment 


ELIGIBILITY


  • Startups at stages of Ready for Release, Product Launched & Early demand creation can only apply 

  • KSUM Unique ID is mandatory

  • Company incorporation as Pvt Ltd or LLP is mandatory.

  • Startups who have already availed Productization Grant won't be eligible.

  • Startups who are newly applying is eligible for a Productisation Grant upto Rs.7 Lakhs

  • Startups or Products who had already availed Idea Grant is eligible for Productization Grant only upto Rs.5 Lakhs



Selection 


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

  • For the 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 


Important Dates 

Last day of Application: 23rd October 2020

First Shortlisting: 5th November 2020



Get in touch with KSUM

We'd love to hear from you. We are here to provide you with more information, answer any questions you may have.