Technology License / Transfer support for Startups a maximum of Rs. 10 Lakhs. 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.
Idea Days Conducted
Crore Funds Allocated
Process of Scheme
One to One call with KSUM representatives for an initial evaluation and have Initial Pitching with KSUM Team/ Sub-committee.
Submission of all documents requested and Final Pitch PPT
Final Pitch before expert Committee and shortlisting the applicants based on the recommendations of the Expert Committee.
Selected Applicants should submit all documents and necessary Agreements with KSUM.
Fund disbursal on an instalment basis.
The women co-founder should have a majority stake in the startup
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. Applications with ‘Active Non-compliant’ have chances to be rejected and this (Form INC 22A) should be done before fund disbursements are made.
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
The startup director should have a good CIBIL Score, preferably more than 750.
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.
Outcome of Scheme
Women startups can avail a fund of Rs.10 lakhs for commercializing a product through technology transfer