SCHEME
Idea Grant
An early-stage funding scheme designed to support innovative startups in the Ideation, Design, Proof of Concept (PoC), and early Minimum Viable Prototype (MVP) stages
Benefit : Upto 3 Lakhs
SCHEME
An early-stage funding scheme designed to support innovative startups in the Ideation, Design, Proof of Concept (PoC), and early Minimum Viable Prototype (MVP) stages
SCHEME
OVERVIEW
The scheme aims to help aspiring entrepreneurs transform promising ideas into tangible prototypes and validate their technical and market feasibility.
Under this program, eligible startups can receive financial assistance ofup to ₹3 lakhs. The grant is intended to cover expenses related to product development, prototyping, testing, validation, technology development, and other activities necessary to move from concept to MVP. The support enables founders to de-risk their innovation, refine their solution, and prepare for market entry or follow-on funding. The Idea Grant particularly encourages technology-driven and innovative solutions with strong commercialization potential.
ELIGIBILITY
Applicants must meet the eligibility requirements specified under the scheme guidelines.
PROCESS
The scheme follows a structured evaluation and selection process to ensure transparency and fairness.
FAQ
Find answers to commonly asked questions regarding the scheme.
Startups in the Ideation, Designing, or Proof of Concept stage can apply. Innovators based within Kerala are eligible
The maximum grant amount is up to ₹3 lakhs
Yes. Applicants may reapply with an improved proposal after 3 months from the date of rejection
No. Company incorporation and KSUM Unique ID are mandatory only before fund disbursal
Shortlisted applicants pitch their idea before an Expert Committee, which evaluates based on Team, Product Innovation, Marketing, Financials, and Fund Utilisation Plan
CONTACT
For queries regarding eligibility, application process, documentation, or timelines, contact the scheme office.
Anjali, Suresh
08047180470
s.anjali@startupmission.in