Startup Schemes

Kerala Startup Mission (KSUM) have been actively initiating various programmes for developing the student entrepreneurship in the state. Government of Kerala declared the 'start up policy' with an aim to accelerate the growth of student entrepreneurs. KSUM being the nodal agency for implementing the Startup policy have come up with various schemes for the effective implementation of the policy. The schemes covers a broad area from schools, colleges and to young entrepreneurs. The policy defines Incubator as Technology Business Incubator recognized either by the Central or State Government while ’Start Up’ as innovation based technology firm registered under the Companies Act and within 3 years of incorporation.

Incubation / Acceleration

Kerala Startup Mission is offering the incubation facility for the startups across kerala in Type of incubation:
If you would like to get support other than that of the incubation facility then your may apply for KSUM membership. KSUM offices located in Trivandrum, Calicut and Ernakulam.

The incubations stages comprised of;
  • a) Pre-incubation Stage (3-6 months)
  • b) Incubation Stage (6-12 months)
  • c) Accelerator Stage (3-6 months)

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Entrepreneur Support Services

Support for services to startups in legal & statutory compliances

  • • Secretarial Services (Company Incorporation and filing)
  • • Annual Accounts Preparation
  • • Preparation of Audited statements (Utilisation Certificate & Statement
  • • of Expenditure)
  • • Taxation Services (Registration/ Filing/Updations)
  • • EXIM/TAN/PAN/SEZ services
  • • Financial Plan & Projections
  • • Legal, IP & Client Agreements
  • • Patent, Trademarks & Copy rights
  • • Business Valuation & Investment Pattern
  • • Notary Services

Consultancy: In taxation & other levies, Business Laws, Labour Laws etc

Support for R & D connect

This support will be leveraged to those startups who are developing technology innovations/ products and those who are in the R & D Stage.This is a one time assistance given to hardware (electronic and other hardware) manufacturing startups who have substantial R&D component. The grant will be given to startups under the following conditions

  • • They should have a working prototype of product
  • • The product should have substantial hardware components such that atleast 50% of the cost will be for the hardware
  • • Startup must be a member of one of approved incubator in the State
  • • The grant can be used for sourcing hardware components, technology transfer, testing, testing platform creation etc, Grant cannot be used for meeting manpower cost. The applicant shall give a clear business plan justifying the use of funds. If the fund is used for marketing expenses, such expeneses cannot exceed 20% of grant amount
  • • The startups who are scaling up a product or who are working on a product that have obtained a patent will be given preference.

Marketing support to startups

Under this component, startups shall be supported for the following activities:

  • • Digital/ Print Media Branding & Promotions
  • • Product Launch Coverage?
  • • Corporate /Product Promo Video Production
  • • PR Activities including advertisements for products/startup story
  • • Digital Marketing Consultation/ Agency Charges, DM Tools & Analytics Platform subscription
  • • Access or Subscription to Digital Marketing Tools -Email/Social Media Content Marketing/Insights & Analytics/ SEO
  • • Digital Marketing- AR/VR experiencing Platforms

Mentorship/Connect Programmes

The Mentorship/Connect Programme is an extension of the Startup Leadership Academy & Training Programme, where the startups may be nurtured by renowned mentors of national/international standards. The programme also proposes to make startups exposed to global markets/institutions.

Knowledge/ Skill Enhancement

Future Technologies Lab

Future Technologies Lab is an initiative by Kerala Startup Mission to provide necessary tools, equipment and infrastructure for Research & Development of emerging technologies and serves as platform to introduce it to startups and students. The current key focus areas are: 1. Virtual Reality (VR) and Augmented Reality (AR) 2. Artificial Intelligence (AI) 3. Robotics 4. Brain Computer Interface (BCI)

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FAB LAB programme

The FABLAB programme involves setting up state-of-the-art Fabrication laboratories in the state to encourage startups in printed electronics and other such fields. KSM has associated with Centre for Bits and Atoms, MIT Fab Lab Foundation, USA for this. The fablabs being established in Trivandrum and Ernakulam are identical and mainly comprises of the following inventories.

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Start-up-Leadership Academy and Training Programme

Startup Leadership Academy, envisions the creation of a dynamic learning system in the state. Leadership Academy aims to redefine the pedagogy in the state by moving towards a method of teaching which provides greater impetus to learning through experience. Through the leadership academy students of the state will have the opportunity to directly interact with foremost Subject Matter Experts from...

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Exchanges & Global Immersion

International Entrepreneurial Exchange Programme

The International Entrepreneurship Exchange Programme is a combination of schemes aimed at giving the students and young entrepreneurs of the state maximum exposure to the international startup ecosystems and also to foster cooperation between startup ecosystems across the world.
The programme involves taking student/young entrepreneurs to the most advanced/mature startup destinations, such as the Silicon Valley, Menlopark, USA, London,Tokyo, Tel Aviv, etc for an exchange programme where they interact with startups/clients in that ecosystem. This will enhance marketing/funding opportunities for the local startups and also give an international exposure for their products.

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Startup Policy

Kerala Startup Mission (KSUM) have been actively initiating various programmes for developing the student entrepreneurship in the state. Government of Kerala declared the 'start up policy' with an aim to accelerate the growth of student entrepreneurs. KSUM being the nodal agency for implementing the Startup policy have come up with various schemes for the effective implementation of the policy. The schemes covers a broad area from schools, colleges and to young entrepreneurs. The policy defines Incubator as Technology Business Incubator recognized either by the Central or State Government while ’Start Up’ as innovation based technology firm registered under the Companies Act and within 3 years of incorporation.

State Startup Policy State IT Policy
learntocode

Completed Schemes

The Government of Kerala with the intention of enabling students with basic coding skills and equipping them with the required skill set to kindle their innovation and instill the DIY culture into them at a very young age has initiated the farsighted Learn to Code or the Raspberry Pi Programme. The project office of IT@School, under the Department of Information Technology, Government of Kerala is responsible for providing hands on training for the students of Government, aided and unaided schools. IT @ School provides training for select students and faculty at their regional and local centers. The initiative of the Government was to impart technical knowledge from the school level there by creating skill pool of young talents. As Learn to code programme not on gives access to a new world of innovation but also opens up a window of opportunities to pursue their future dreams.

The Kerala government has introduced a scheme 'Start-Up Box program' with the Kerala Start-Up Mission (KSUM) for aspiring entrepreneurs in the state. Government of Kerala has taken pioneering effort to bring about a culture of entrepreneurship and innovation amongst its youth.

Start-up Box is designed to distribute startup kits to various technology and industry verticals. The Start-Up Box Program will motive startup entrepreneurs to attempt new and innovative products by creating varied applications in different platforms.

Government of Kerala aims to use the STARTUP BOX INITIATIVE to empower college students to jump into the entrepreneurial bandwagon. It is very clear that employment and growth opportunities in the next fifty years of the world are going to be based on Technology. STARTUP BOX INITIATIVE is a novel way to simplify the path for up to 50 talented teams (teams of 3-6 college students) into technical entrepreneurship. Yearly the STARTUP BOX INITIATIVE will provide up to 50 teams comprising of college students selected through Bootcamp, the Startup Kerala Tool Box. The college students in the selected teams are expected to be the brightest of the bright in Kerala. As technology continues to evolve, it brings with it new opportunities and challenges for educators and students. STARTUP BOX INITIATIVE aims to address the lack of courage, initiative and encouragement to attempt new and innovative ventures. The STARTUP BOX INITIATIVE aims to debunk the myth of difficult processes that lead to a successful startup.

The entrepreneurial ambitions of engineering graduates in Kerala will now get a cutting edge with the Startup Village rolling out its ‘FINTECH Studio’ scheme, which provides new devices and tools for transforming their innovative ideas into reality. Every team will receive a ‘Startup Box’, each of which contains an iPhone 6, iPad mini, Macbook Air, display adapter, Nexus 5, Kindle, 1 TB Hard disk and Arduino Starter Kit.

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