Technology Commercialisation Support | Kerala Startup Mission

Scheme

Technology Transfer & Commercialization Support Scheme

Kerala Government, through Kerala Startup Mission has launched a scheme called Technology Transfer Scheme, startups who have purchased or sourced Technology License from any Government research Institution in India and are working on it to develop as a commercializable product. This scheme intends to support Technology License/Transfer Startups by providing a funding support of maximum of Rs.10 Lakhs in the form of reimbursement for the startups, who have paid to the Research Institution. However, the support is limited to 90% of the technology fee to be paid to the Research entity.

The terms & conditions for the benefits under the scheme will be as follows:

The license/technology purchased through this scheme shall be owned by the Startup or as per the terms specified by the research agency.
Kerala Startup Mission shall be given 2% royalty for the product being commercialized, which shall be limited to the amount supported by the Kerala Startup Mission under the scheme.
The Startup is expected to commercialize the product for which the license /technology is purchased within a period of 2 years.
In case, the Startup is unable to commercialize the product within two years, then the startup will be liable to repay the contribution given by the Kerala Startup Mission.
The Startup will sign an agreement with the Kerala startup Mission before availing the benefit.

Process of Scheme

STEP 1 : Online Application
STEP 2 : Document Submissions in hardcopies
STEP 3 : Processing
STEP 4 : Fund Release to Startup

Apply Now

We regret to inform you that the application process is temporarily closed. It will resume on the 30th of July, 2023. If you would like to be notified once the application reopens, please kindly fill out the form below.

Form: https://forms.gle/vc5vEGUpaPCVQZYS9

Eligibility Criteria

The startup should be a registered company in Kerala as an LLP or Pvt. Ltd company and should have an active registration with KSUM at the time of application.
The startup company has DIPP registration and an ‘Active’/ ‘Active Compliant’ status with MCA.
The startups shall not have any other pending dues with any of the Government agencies, KSUM, Other incubators in the state and shall not be blacklisted by any Govt. agency in India

Benefits of Scheme

Technology License / Transfer support for Startups will be a maximum of Rs.10 Lakhs. However, the support is limited to 90% of the technology fee to be paid to the Research entity.

Document Checklist

Original hard copy of Invoice & Receipt with authorized seal and signature from the research organization.
Original Bank Statement showing amount transferred (Verified by Bank Manager).
Technology Transfer Agreement with research organization.
Residence Proof details of the director(s)/ applicant(s).
Company incorporation documents (Incorporation Certificates, MoA, AoA, DIN nos).
Undertaking that the startup has not so far claimed and will not claim any sort of reimbursement costs from any other organizations/ govt. bodies and if found, they will pay twice the amount to KSUM, that is reimbursed through Technology support scheme.
Canceled Cheque of the company and Bank details (Branch name, IFSC Code).