This scheme by the Kerala Startup Mission helps startups in Kerala that have bought technology licenses from Read More... government research institutes and are developing them into marketable products. Read less
Details
Innovators and entrepreneurs in Kerala, listen up! The Kerala Startup Mission (KSUM) has rolled out a fantastic initiative called the Technology Transfer & Commercialization Support Scheme. If you're a startup that has acquired technology licenses from any Indian government research institution and are working to turn it into a sellable product, this scheme is designed to give you a boost.
The core idea behind this scheme is to bridge the gap between research and the market. KSUM wants to empower startups that are investing in new technologies by helping them cover the costs associated with acquiring these licenses from government research bodies. It's all about making it easier for you to bring innovative, research-backed products to life and to your customers.
This scheme is primarily for startups registered in Kerala. Specifically, it targets those that have already paid for or sourced technology licenses from government research institutions across India. A special focus is placed on women entrepreneurs, ensuring they have a significant stake and leadership in the companies applying.
Commercializing new technology can be a complex and costly process. By providing financial support as a reimbursement for technology fees, this scheme helps alleviate some of the financial burden on startups. It encourages the adoption of cutting-edge research, fosters innovation, and aims to accelerate the journey of turning groundbreaking ideas into successful commercial ventures right here in Kerala.
Objective
Benefits
Sources and references
Important Notes:
What exactly is the Technology Transfer & Commercialization Support Scheme?
This scheme by the Kerala Government supports women-led startups. It helps those who have bought or sourced technology licenses from any government research institution in India and are working to turn that technology into a product that can be sold.
Who is considered a "Women Entrepreneur" for this scheme?
A "Women Entrepreneur" is a woman or a group of women who start, manage, and run a business. For a service-based enterprise, at least 51% of the shares must be held by women founders. If the enterprise has received equity funding, women founders must still maintain majority ownership.
Which department is running this support program?
The program is implemented by the Kerala Startup Mission, which is part of the Government of Kerala.
What kind of startups are eligible for this scheme?
Eligible startups must be registered in Kerala as an LLP or Pvt. Ltd. company and have an active registration with KSUM at the time of application.
Does my startup need to be registered with DPIIT?
Yes, your startup company must have DIPP registration and maintain an ‘Active’ or ‘Active Compliant’ status with the Ministry of Corporate Affairs (MCA).
Is it a requirement for the startup to be registered in Kerala?
Absolutely. Your startup must be registered within Kerala to be eligible for this scheme.
What are the main advantages offered by this scheme?
The scheme aims to assist Technology License/Transfer Startups by providing financial backing. It offers a reimbursement of up to ₹10 Lakhs to startups that have paid fees to research institutions for technology licenses.
Will the entire technology fee be covered by the scheme?
No, the financial support is capped at 90% of the technology fee that you paid to the research entity.
What are the situations where a startup would NOT be eligible?
Startups that have any pending dues with government agencies, KSUM, or other incubators in Kerala, or those blacklisted by any government agency in India, are not eligible to apply.
How can I apply for support under this scheme?
You can apply by submitting the application form online via the official Kerala Startup Mission website. The portal can be accessed at: https://startupmission.kerala.gov.in/login