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Scheme
Scaleup Seed Support
KSUM has introduced the Seed Support scheme to provide financial assistance to startups to foster the formation and development of innovative, technology-based business enterprises. The seed support scheme mainly focuses on early-stage collateral-free debt financing to develop innovative products or technologies. As an extension of the scheme, the initial funding is extended to the startups in a scalable stage either in the form of safe instruments, including CCD/CCPS or collateral-free debt financing.
Selection Process

Application for seed fund can be submitted online through KSUM website. The application has two parts:- Business Profile & Seed Proposal.Submit the seed application form and upload the required documents. Incomplete forms will be rejected.

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Eligibility Criteria

  • The startup should be a registered company in Kerala as a Private Limited and have an active registration status in MCA at the time of application. They have obtained startup recognition from DPIIT & KSUM Unique ID.
  • The startup must work on an innovative product or technology. The seed fund is not generally given to service startups and SMEs in trade and commerce.
  • The Scaleup seed support would generally cater to commercializing indigenous products, innovations and technologies.
  • The company has generated at least 25 lakhs of revenue from the product in the last four quarters or received an investment of at least 25 lakhs from an Angel network/VC firm.
  • The startup must generate at least five lakhs of revenue in the previous quarter adjacent to the application date, and preference will be given to startups with month-on-month progress in revenue.
  • The startups shall not have any other pending dues with any government agencies and shall not be blacklisted by any government agency in India.
Benefits of Scheme
  • Scaleup seed fund support up to 25 lakh would be provided to the selected startup.