Startups to get back tech licence cost up to Rs 10 lakh; KSUM calls applications

Startups can apply from May 1

Trivandrum / April 26, 2023

Thiruvananthapuram, April 26: Kerala Startup Mission (KSUM) has invited applications for Technology Transfer and Commercialization Support scheme, launched by the State government to reimburse the cost incurred by nascent ventures to procure technology licences from government research institutions in the country for commercialising and scaling up their products.

Under the scheme, the government will reimburse up to Rs. 10 lakh to startups that have purchased or sourced technology licence from any government research institution in India and are working on it to develop commercial products.

The eligible startups with an active registration with KSUM can submit online applications via the KSUM portal from May 1. A startup seeking to benefit from the scheme should be a registered firm in Kerala as an LLP or a Pvt. Ltd company.

Under the scheme, up to 90 percent of the technology fee paid by startups to research institutions for obtaining, purchasing or sourcing licences will be reimbursed.

For registration, visit:https://startupmission.kerala.gov.in/schemes/technology-commercialisation.

KSUM is the nodal agency of the Kerala government for entrepreneurship development and incubation activities in the state.