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Scheme
Innovation Grant
The Govt. of Kerala has introduced the Innovation Grant scheme to provide financial assistance to startups and entrepreneurs to help them convert their innovative ideas into full-fledged ventures. This scheme is implemented through Kerala Startup Mission, which is the nodal agency of Govt. of Kerala for startup-related activities and schemes.
Innovation grants are not prize money for having an idea. The purpose of the grant is to help  innovators develop the prototype or product and set up startups.
22
Idea Days Conducted
7308
Application Received
1422
Application Shortlisted
407
Idea's Selected
19.68
Crore Funds Allocated
Process of Scheme

Application Process

The applications will be invited through the Kerala Startup Mission website. The calendar of future processes will also be published.Once the application is open the notifications will be pushed through our social media and print media channels.

Eligibility Criteria
  • A Student studying in Kerala, (For Idea grant Only)
  • An innovator based out of Kerala (For Idea Grant Only)
  • A startup legally registered with KSUM unique ID (For Idea/ Productization/ Scaleup Grant)
Benefits of Scheme
  • Idea grant - Upto 2 lakhs
  • Productization Grant - Upto 7 lakhs
  • Scaleup Grant - Upto 12 lakhs
Outcome of Scheme
  • Idea Grant - will be primarily for startups/students who have a Prototype or MVP to develop the final version of MVP, and is limited to 2 lakhs/idea
  • Productization Grant - which is to launch their products and is limited to a maximum of Rs. 7lakhs/idea.
  • Scale-up Grant - which is to help startups ramp up their product/sales, and is limited to a maximum of Rs. 12 lakhs/idea.
View Government Order
View List of Beneficiaries
View GUidelines