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 grant is not a prize money for having an idea. The purpose of the innovation grant is to help innovators and startups to develop the prototype or product and scale up into full fledged ventures.

Idea Days Conducted

9000+

Application Received

2467

Application Shortlisted

709

Idea's Selected

Crore Funds Allocated

Types of Grants

Idea Grant - For startups who are in Ideation & Designing Stage/Proof of Concept Stage to the Minimum viable prototype. The grant amount is upto Rs.3 lakhs.
Idea Grant (Student Innovator) - For students who are in Ideation & Designing Stage/Proof of Concept Stage to the Minimum Viable Prototype Development. The grant amount is upto Rs.2 lakhs
Productization Grant - For startups who are looking to convert the Minimum viable prototype into the final product with early traction/ early revenue. The grant amount is upto Rs.7 lakhs.
Women/Transgender Productization Grant - For women/transgender startups who are looking to convert the Minimum viable prototype into the final product. This grant will be an additional to the existing productization grant.The grant amount is upto Rs.12 lakhs.
Market Acceleration Grant - For startups who are looking for accelerating their revenue. The grant amount is upto Rs.10 lakhs
Scale-up Grant - For startups who are looking for scaling up and maximising revenue. The grant amount is upto Rs. 15 lakhs.

Process of Scheme

STEP 1Application Process STEP 2Shortlisting Process

Application Process

The applications will be invited through 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. Only completed applications will be considered for shortlisting.

Apply Now

Eligibility Criteria

For Idea Grant, an innovator should be based in and out of Kerala. Company incorporation and KSUM unique ID are mandatory for the fund disbursement process.
For all other grants, the Startup should be completed Company Incorporation process and KSUM unique ID Certification

Benefits of Scheme

Idea grant - Upto 3 lakhs
Productization Grant - Upto 7 lakhs
Scaleup Grant - Upto 15 lakhs
Market Acceleration Grant - Upto 10 lakhs
Idea Grant (Student Innovator) - Upto 2 lakhs
Women/Transgender Productization Grant - Upto 12 lakhs

View Government Order

View List of Beneficiaries

View GUidelines