Kerala

OVERVIEW

Policy Name	Kerala Startup Policy 2017
Policy DocumentS	Kerala Startup Policy 2017 Kerala Startup Ecosystem Report 2019
Nodal Agency	Kerala Startup Mission
Office Address	Kerala Startup Mission (KSUM), G3B, Thejaswini, Technopark, Trivandrum
Contact Details	Phone Number: 0471-2700270 Email: info@startupmission.in

INCENTIVES

1 Early Stage Equity Funding

Type of Benefit	Fiscal
Benefit Details	KSUM is partnering with SEBI accredited Venture Capital Funds for the creation of corpus fund for supporting the emerging startups in the state. The Funds shall be investing in early stage startups with a ticket size of Rs. 25 lakhs – Rs. 200 lakhs.
Eligibility Criteria	Startups who are registered in Kerala Startups who are at early stage/who have a product & tracxn Technology based product start up from different sectors Startups from PAN India & who are ready to reregister in Kerala
Application Procedure	Online application

2 Early Stage KSUM Seed Fund

Type of Benefit	Fiscal
Benefit Details	Govt. of Kerala has introduced the Seed Support scheme to provide financial assistance to startups to foster the formation and development of innovative, technology-based business enterprises that will stimulate the economy of the State of Kerala through venture creations, increased employment and leveraging of private investment. This scheme is implemented through Kerala Startup Mission, which is the nodal agency of Govt. of Kerala for startup related activities and schemes. The Seed Support System primarily supports the startups on the following: Product Development Testing & Trials Test Marketing Mentoring Professional consultancy (To attract professionals from leading industrial organisations and academcians from reputed educational institutions to work with small firms) IPR Issues Manpower for day to day operations
Eligibility Criteria	Startups should be registered with KSUM.
Application Procedure	Log on to www.startupmission.kerala.gov.in Create an account for your startup Once you login access the Seed Fund Application Form on the right side of the Menu bar Submit Application Click here to know more

3 Entrepreneur Support Scheme

Type of Benefit	Fiscal
Benefit Details	Kerala Startup Mission (KSUM) has 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 has come up with various schemes for the effective implementation of the policy. The schemes covers all broad areas from schools, colleges 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. Offerings are: 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
Eligibility Criteria	Startups should be registered with KSUM.
Application Procedure	Click on apply now and it will show the list of agencies empanelled with Kerala Startup Mission: Apply now Know more

4 Government as Marketplace

Type of Benefit	Fiscal
Benefit Details	Kerala Government, in its IT Policy 2017 has indicated Government’s intent to help the startups by becoming an early adoption market for startups. Kerala Startup Mission being the nodal agency for the startup in the state has been coordinating this by acting as a facilitator between the Government and the Startups. Offers Direct Procurement from Startup upto Rs 20 Lakhs Offers Limited Tender purchase provision upto Rs 100 Lakhs
Eligibility Criteria	Any startup registered with Kerala Startup Mission.
Application Procedure	Apply Now Click Here to Know More

Type of Benefit	Fiscal
Benefit Details	Innovation Grant scheme of Kerala Startup Mission provides financial assistance of up-to 12 lakhs to startups, entrepreneurs and students to help them convert their innovative ideas into full fledged ventures. Offerings are: Idea: Idea Grant will be primarily for Students for conversion of idea to prototype and is limited to Rs. 2 lakhs/idea Productization grant is to convert the prototype into a product and is limited to a maximum Rs. 7 lakhs/idea. Scaleup Grant helps startups with product revenue/investments to scale their business to next level, and is limited to maximum of Rs. 12 lakhs/idea. R & D Grant (coming soon) will be given to hardware or deep tech Startups with working prototype/ IP, which need to developed into a product through R&D and is limited to Rs. 30 lakhs/startup
Eligibility Criteria	Startups should be registered with KSUM.
Application Procedure	Apply Now Click here to know more

Type of Benefit	Non-Fiscal
Benefit Details	Kerala Startup Mission is offering 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 are located in Trivandrum, Calicut, Ernakulam, and Kasargod. The incubations stages comprised of; Pre-incubation Stage (3-6 months) Incubation Stage (6-12 months) Accelerator Stage (3-6 months) Offering 24*7 Plug & Play desk & cabin spaces Access to Fab & Future Tech labs Business service office hours Cloud credits and development tools Global and National exposure programs Work with sector and Tech experts Industry and Investor Demo days Community events and workshops MDP Week at IIM Kozhikode Innovation grants of 12 Lakhs INR Seed fund in the form of loan Patenting, R&D & Marketing support Equity funding through Fund of Funds Other State and Central Govt Schemes
Eligibility Criteria	Any individual or group having a potential innovative technology product or idea can apply.
Application Procedure	Apply Now Click here to know more

7 Investor Cafe

Type of Benefit	Non-Fiscal
Benefit Details	Investor café is an opportunity for startups looking for funds to connect with investors and get funded. Last Wednesdays of every month @ Integrated Startup Complex, Cochin. Meet investors and connect with VC firms & angel networks at Investor Café. Investor Café is a one to one speed dating for startups to raise funds. Angel networks and VCs from across India will be available at Kochi on Wednesday, last week every month.
Eligibility Criteria	Any startup registered with DPIIT.
Application Procedure	Apply now Know more

8 Marketing Support to Startups

Type of Benefit	Non-Fiscal
Benefit Details	50% subsidy on marketing expense incurred by the startup. 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
Eligibility Criteria	Any startup registered with Kerala Startup Mission.
Application Procedure	Apply Now Click here to know more

9 Patent Support Scheme

Type of Benefit	Fiscal
Benefit Details	Government of Kerala as part of encouraging startups for obtaining Patents has devised a scheme for reimbursing patent registration charges for startups. Offerings: Upto Rs 2 Lakh reimbursement for India Patent Upto Rs 10 Lakh reimbursement for US Patent
Eligibility Criteria	Any startup registered with Kerala Startup Mission.
Application Procedure	Apply now Know more

10 Unique ID - Startup Recognition

Type of Benefit	Non-Fiscal
Benefit Details	Kerala Startup Mission has Introduced Unique ID and Startup Certificate for startups registered in Kerala. Startups who wish to avail any schemes from KSUM should have the Unique ID from now on.
Eligibility Criteria	Any startup registered with DPIIT.
Application Procedure	Apply Now Know more

11 Women Entrepreneurs

Type of Benefit	Fiscal
Benefit Details	Kerala Startup Mission in order to support the women entrepreneurs has introduced women entrepreneurship support program: Pre Incubation Support Business Support Seed Funding Support
Eligibility Criteria	Startup registered with Kerala Startup Mission having atleast one women director with more than 51% share holding are eligible.
Application Procedure	Apply now Click herw to know more

1 Alternate Investment Fund (Kerala Focused)

Type of Benefit	Fiscal
Benefit Details	Government shall encourage Kerala focussed funds to start operations in the state and shall take participation in the same upto 25% as limited partner. The fund shall be managed as per the rules and regulations of the fund.
Eligibility Criteria	Fund should be Kerala focused.
Application Procedure	Online application

Quick Facts