Kerala Startup Mission (KSUM) has invited applications for its Research and Development Grant (R&D) from startups in the domains of deep-tech and emerging technologies, defence and space technologies, health and medtech, industrial applications and agri-food tech.
The R&D Grant, which will be up to Rs 30 lakh, is meant for supporting nascent firms pursuing development of innovative high technology products having exceptional market potential. Also, KSUM will look for equity options of a maximum of 5% for this funding support.
Startups that are into R&D activities for developing an initial prototype or applied for Intellectual Property (IP) or IP purchased from a recognised R&D institute, which needs to be further developed into a final product through extensive R&D efforts can apply for the grant.
The firms seeking the grant must be registered in India, and must have Startup India Registration Number and KSUM Unique ID.
Moreover, startups should be based in Kerala or expanding their footprint to Kerala for availing the grant. Startups that are raising funds from Angel/VC Funds recognized by SEBI or by KSUM for developing their disruptive R & D Projects can also apply.
An R & D Expert Committee will review the applications for the approval of the grant.
Last date of applications is February 10.
To apply and for more details, visit: https://grants.startupmission.in.
KSUM is the nodal agency of the Kerala Government for entrepreneurship development and incubation activities in the state.
