Kerala Startup Mission (KSUM) Idea Grant & Seed Fund
केरल स्टार्टअप मिशन (KSUM) सीड फंड
Ministry / Dept: Electronics & IT Department, Government of Kerala • Agency: Kerala Startup Mission (KSUM)
📋 Scheme Objective & Overview
State-backed innovation seed fund granting up to ₹15 Lakhs equity-free grants and ₹1 Crore low-interest soft loans to technology and hardware startups registered in Kerala.
💰 Key Financial Benefits & Subsidy Details
- ✓Idea Grant: Up to ₹2 Lakhs for initial proof-of-concept validation.
- ✓Prototype Grant: Up to ₹7 Lakhs for building working minimum viable product.
- ✓Scale-up Grant: Up to ₹15 Lakhs for product-market fit and commercial trials.
- ✓Seed Loan: Up to ₹100 Lakhs at concessional 6% interest without equity surrender.
- ✓Free access to FabLabs, Super FabLabs, and AWS/Google Cloud credits worth ₹10+ Lakhs.
🎯 Who is Eligible? (Eligibility Criteria)
- •Startup registered in Kerala and recognized by Kerala Startup Mission (KSUM Unique ID).
- •Incorporated as a Private Limited company or LLP within past 7 years.
- •Must possess innovative, scalable product or solution utilizing technology.
Age Requirement: 18 to 55 years.
Education Qualification: Not mandatory (Technology innovation required)
📑 Mandatory Documents Required Checklist
Scanned PDF / Copies🚀 Step-by-Step Application Procedure
❓ Frequently Asked Questions (Kerala Startup Mission (KSUM) Idea Grant & Seed Fund)
What is the maximum loan limit under Kerala Startup Mission (KSUM) Idea Grant & Seed Fund?
Eligible applicants can avail up to Up to ₹15 Lakhs Grant (Idea / Prototype) + Up to ₹1 Crore Soft Loan at 6% in financial assistance from authorized partner banks.
How much capital subsidy is provided?
The scheme provides 100% Non-Dilutive Grant up to ₹15 Lakhs for prototyping; Soft loan up to ₹1 Crore credited directly to the loan bank account upon milestone verification.
Is collateral security or mortgage required?
Zero collateral or equity dilution required for Idea Grants.
Ready to apply for Kerala Startup Mission (KSUM) Idea Grant & Seed Fund?
Submit your online application through the official government portal.
Apply on Official Portal →Toll-Free Helpline: 0471-2700270
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