Scheme

R & D Grant

This is given to hardware startups with a significant R&D component. Up to INR 30 Lakh can be given to each startup, and recommendations for nominees will be made during the quarterly reviews. In order to qualify for the grant, startups need to have a working prototype of their product and be a member of at least one approved incubator in the state. Applicants must submit a clear business plan stating how they plan to use the money — at least 50% of the grant must be spent on hardware, with not more than 20% on marketing expenses. R&D grants cannot be used for covering manpower or hiring costs. Preference is given to startups that have secured patents or those that are scaling up their product.

Vision

To create an innovation culture among Innovators by introducing them the State-of-the-art technologies and positioning the Institution as a Learning and Innovation Platform by delivering technically competent and skilled Entrepreneurs.

Purpose

The purpose of the IEDCs will be to act as an aspirational platform, for the l student entrepreneurs and tech savvy innovators, in skilling and sharpening their entrepreneurial skill sets. The selected innovators will be exposed to Innovation culture, emerging technologies and Business aspects with the implicit assumption that the delta will become an entrepreneur and all the other skilled talents will get high end jobs with the kind of exposure and skills they acquire.

Mission

To create IEDC as an Innovation Platform and to create future founders by promoting Innovation, Technology and Business Learning among student community

283

IEDCs

4027

Student innovators

100

Student startups

7000

Ideas supported

1.49Cr

Idea Grant

Process of Scheme

STEP 1Application & Screening Process STEP 2Final Evaluation & Selection Process

Application & Screening Process

Institutions are invited to submit an online application for IEDC through the IEDC portal.

The selection process for IEDC will be in three stages – Screening, Auditing and Final evaluation. Received applications would be processed on the basis of eligibility criteria.

Final Evaluation & Selection Process

The Official/ Team appointed for the purpose by KSUM will physically visit the institution and will do an IEDC readiness audit of the Institution.

After the Institutional audit, selected applications will be evaluated further for final selection based on the parameters. One of the key parameters for the evaluation would be the Institution's commitment and willingness to utilize IEDC as a platform to transform their institution into a local innovation hub.

After the final evaluation, the list of selected institutions shall be published on the KSUM website and shall be communicated through email to the Institution head. The institution will be required to complete the compliance process including documentation related to the IEDC portal. Once completed, KSUM will give access to the institution into the IEDC portal.

Eligibility Criteria

Eligibility criteria include availability of built-up space of 500 -1000 sq ft, minimum enrolment of students, dedicated faculty coordinator, basic infrastructure including availability of computers and internet connectivity, Lab etc.

Impact of Scheme

IEDC is the flagship project of the State Government to foster an innovation ecosystem in the State. The input for IEDC intervention may include the number of students enrolled, mentors engaged, number of training programmes conducted, number of events conducted etc whereas the output include number of innovation developed, number of startups generated and number of patents filed.

Outcome of Scheme

The outcome can be assessed based on how IEDC helps students to nurture various 21st Century skills such as creativity and innovation, IP creation, Entrepreneurial Mindset, critical thinking and Problem -solving skills etc. IEDC outcome can be assessed through the impact it created in the overall innovation mindset of youth in our State leading to large-scale entrepreneurial initiatives enabling economic and social growth of our society.

IEDC NODAL OFFICER HANDBOOK