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Startup Support / Schemes
SEED FUNDING –KSIDC
KSIDC has launched Seed Funding Assistance Scheme for supporting innovative Startups in the State in the year 2015. A maximum of Rs. 25 lakhs will be provided to start-ups with innovative products or ideas after screening of their project in three different stages. The seed fund assistance will be sanctioned as Soft Loan for a period of one year at the prevailing RBI bank rate as on the date of sanction of financial assistance. After one year, the Company shall either take necessary steps to convert the soft loan into Equity Capital or repay the soft loan with applicable interest. Till now, we have sanctioned seed fund assistance to 72 innovative start-ups amounting to Rs.15.28crs. The sanctioned companies are those which are into health services, agriculture, web & application development, e-commerce platforms, fintech, engineering, robotics, ayurveda, financial services, media & film distribution, advertising, educational services, food processing, human resource training, biotechnology, freight services.

Procedure for Applying Seed Fund Assistance at KSIDC
Start up companies wish to avail seed fund assistance from KSIDC can call our Startup Cell helpline number (Ph:0484-2323010) or you can meet the single point contact (Mr. R Prasanth, DGM, KSIDC) or email us your business plan ().
On receipt of the proposal, the KSIDC Start up Team will interact with the company.
If the product is found innovative and has the potential to develop into a commercially viable project, Business plan template and seed fund application form will be issued to the company.
Once on the application is submitted, a preliminary evaluation by the KSIDC Start up Team will be undertaken.
The proposal then placed in the Internal Screening Committee of KSIDC and Applicant is invited to present his/her proposal before the committee.
The proposal cleared by the Internal Screening Committee shall be placed before the Sub Committee of the Board of KSIDC and selected Applicants shall be invited to present his/her proposal before the committee for final approval.
Startup Mission
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.

Innovation Grant

Technological changes through innovations and R&D has been the main driving force for increased productivity, economic growth, and social transformation and for reshaping and redefining every sphere of our lives. Hence innovations are being extensively promoted globally. Govt. of Kerala has introduced the Scheme, Innovation Grant and the following types of Innovation Grants are given to encourage innovations.
  • 1). Idea Grant
  • 1). Productisation Grant

Idea GrantProductisation Grant

The Idea Grants will be primarily for conversion of idea to prototype and the grant is limited to Rs. 2 lakh/idea. These are normally given to students, through and Innovation and Entrepreneurship Development Centre(IEDC) / Incubator.

Eligibilty:
The scheme is open to students/ passout students (first two years), whom shall apply to their iedc/ or nearest iedc. In rare cases, the support is extended to innovators, for which they must register as a company or proprietorship and tie up with a registered incubator with KSUM. The innovators shall also apply through the nearest iedc.

Scope & Support:
Selected projects will be provided financial support upto Rs. 2 lakhs for conversion of their ideas to prototypes. The support shall be given in two installments.

Mechanism:
The students/ passout students (for a period of two years) may apply to their IEDC or nearest IEDC, (in a prescribed format) where their application is vetted by a panel of experts and short listed through a clear objective process. The panel may review the milestones/ deliverables in the project proposals and may guide the student for project completion. The IEDCs may upload the details of the ideas (Shortlisted & Rejected with rationale of selection/rejection) in the KSUM portal before 20th of every month.


a. Productisation grant
The next stage of support under the Innovation Grant is for Productisation as well as for Scale – up.This is given to people who received idea grant as well as for other who have a working prototype available with them. The grant is limited to Rs. 5 lakhs and a valid business plan using Business Model canvas has to be presented in the application. Scale up grant is to convert prototype to an MVP.Here, the applicant can avail grant upto 7 lakhs, if he has not availed the idea grant.

b. Scale –Up Grant
People who have an MVP to develop initial market could use this grant, which is limited to Rs. 5 lakhs. There should be clear indications and deliverables in the grant application. Here, the applicant can avail grant upto 12 lakhs, if he has not availed the idea and productisation grant.

Eligibilty:
The scheme is open to students/ passout students (first two years), whom shall apply to their iedc/ or nearest iedc and is extended to innovators also. In case of innovators applying directlty, they should have a registered company and also be a member of an registered incubator with KSUM. The students/ innovators shall apply through the iedc/ nearest iedc.

Scope & Support:
Selected projects will be provided financial support upto Rs. 5 lakhs for conversion of their ideas to prototypes. The support shall be given in two - three installments.

Mechanism:
The students/ passout students (for a period of two years)/innovators may apply to their IEDC or nearest IEDC, (in a prescribed format) where their application is vetted by a panel of experts and short listed through a clear objective process. The panel may review the milestones/ deliverables in the project proposals and may guide the applicant about the feasibility of the project.

If you would like to apply for Idea Day, please fill the below interest form. Sectors in which we have a total of at least 6 projects ready for pitching will be included in the subsequent Idea Day. We will get in touch with you over email as soon as the Idea Day for the sector of your interest is scheduled


Early stage KSUM Seed Fund

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

Student Entrepreneurship Scheme for the Universities, Colleges and Polytechnics in Kerala
Introduction

Over a Iakh of students in both engineering and non-engineering students graduate every year in Kerala. There are a significant number of students who have vaiuable entrepreneurial ideas which do not germinate and grow to completion, for want of the necessary environment and support. Allowing students both engineering and non-engineering, to start working on innovative ideas even while in universities, colleges and polytechncs, could contribute siqnificantly to the growth a robust entrepreneurial eco system in the state. Government of Kerala recognises that it is imperative for growth of Kerala to support home grown companies through a specific incentive for student start up companies,

Technolooy Business lncubators (TBl)
Department of Science and Technology has set up many Technology Business Incubators (TBl) and Science and Technology Parks across the country in premier academic institutions to nurture entrepreneurs in varied knowledge and technology domains.

lncubators are a capital efficient method for stimulating technology innovation and job creation, echnology business incubators are an effective tool for technology transfer, Innovation, generating skill-based jobs and for local economic development. Incubators are a critical component of the entrepreneurial support infrastructure that have proven themselves to be significant generators of new jobs

Business incubators are pTograms d€lsigned to accelerate the successful de'velopment ofentrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and through its network of contacts. By focusing on developing.a new generation of entrepreneurs - most of whom have ties to the locaj area - incubators help in building companies that will create jobs and Spark economic growth in the region for years to come, Since these pfograms provjde targeted business assistance to young firms at their earliest stages of development - when they are most vulnerable - business incubators help support new ventures and result in a greater than average chance of success for new entrepreneurial ventures.

TBls aim explicitly at incubating enterprises with high or advanced technologyr content. A typical TBls provides its clients with a comprehensive range of services, not only the rental space at an affordable price but also a full range of business and specialized services aimed at itensitying technology utiiization. TBls generally have strict admission and exit criteria and the entrepreneurial flrm is exoectecl to graduate from the business jncubator in a stipulated amount of time (3 years) or upon meeting specific growth criteria (revenues, employees), whichever is the earliest.

Under the Student Entrepreneurship lnitiative, three stages will be recognised in the incubation process.

Stage 1. ldeation Stage

ldeation Stage is the process of generating, exploring, and evaluating new technology /business ideas that can give the business proposed by the student entrepreneur a competitive advantage. The expert committee formed for the evaluation of the ideas should interview each entreprenuer and analyse the business potential and feasibility.

Stage 2. Teaming & Company formation

Team Formation is the key for an entrepreneur in commencing his journey before starting his own company, The team should ideally have a mix of co-founder with complementary skill sets. Having complementary set of experience is very important for a well-rounded team from the inception. The team has to register it as private limited company/ Limited Liability Partnership (LLP)/Partnership of any legally recognized entity.

Stage 3, Prototype developed/ Business started

The working model or the prototype of the Technology ldea to be developed and this to be certified by the experts for commercialisation Technology Transfer.

OR

lf it is a business service idea, the company or legally recognised entity should start the business operation as per the business plan and start generating Income.

TBls in Kerala approved by: NSTEDB, Department of Science and Technology, Govt of lndia 

  • Technopark TBl, Thiruvananthapuram
  • NITK- TBl, Kozhikode
  • lTlH TBI (Start-up Village), Kochi
  • College of Engineering TBl, Thiruvananthapuram
  • Amiitha TBl, Kollam
  • Central Institute for Fisheries Technology TBl, Kochi
  • NRI TBl, Kollam, Kochi & Kozhikode


All Government Engineering Colleges and Government Aided Engineering Colleges in the state will be encouraged to apply for the status of technology Business lncubators (TBl) with Department of Science & Technology, Government of India and to obtain the same within 6 months.

New TBls proposed to DST, Gol, for approval and under consideration

  • Proposed National Centre of Excellence for EntrepreneurshIp to be jointly set up by Government of Kerala and Confederation of Indian Industries (Cll).
  • Pushpagiri - Medical TBl, Thiruvalla
  • Care-Keralam - Ayurveda TBl, chalakudy, Trissur


Selection Process of Students

  • Each College/Polytechnics will have to designate a Faculty Member as an Entrepreneurship Coordinator from among the faculty of that college/polytechnic,within 15 days .
  • Each University shall assign a faculty member as an EntrepreneJrship Coordinalor for Lhe University, within 15 days of this order.
  • The Additional Director in charge of Supervisory Development Centre, Kalamaserry will be designated as the Entrepreneurship Coordinator for the Polytechnics.
  • The student Entrepreneur will have to apply to the one of the following TBIs

    1. Technopark TBl, Thiruvananthapuram 2. N|TK- TBl, Kozhikode 3. IIIH TBI {Start-up Village), Kochi

    With recommendation by the Entrepreneurship coordinator of the college and submit his business/technology concept for evaluation.

  • For ths first one year (upto 31st March 2014), TBl, Technopark will be the Nodal TBI who will provide the guidance to other TBls and students.
  • The TBI listed above shall either adopt the student for assistance or refer the student who approaches them either to another suitable TBI after assessing the requirements of the student and matching the same with the skills in a TBl.
  • The TBI will provide assistance to the student entrepreneur in the preparation of business plans including introducing the student entrepreneur to mentors/consultants to help them prepare the plan.
  • An expert committee attached to the TBI should then review the business plans/ Product ldea submitted by the student entrepreneur. This expert committee consists of a minimum of 5 members including technical/domain expert, a finance expert, an infrastructure expert, a marketing expert and business expert. The entrepreneur is invited to give a presentation to the expert committee for a thorough review of the business plan. lf there are gaps in the business proposal, the committee ask the student group centre should provide ail the necessary assistance in making the business plan fool proof. Once the committee approve; the admission of the entrepreneur, the enterprise will be provided with all infrastructure facilities to start operations without delay and he will be connected to any of the DST Approved Incubators based on the area of operation of the company.


Performance Reviews

The expert committee conducts annual, half yearly and quarterly reviews by evaluating the progress of the student entrepreneur on various areas and adequate corrective measure are advised to overcome the short falls.

Measure for Promotion of Student Entreprenuership in Kerala

To encourage entrepreneurship among the students in Kerala, Government have announced a landmark Student Entrepreneurship Initiative. The policy provides for 20% attendance relaxation and 4% grace mark in academy courses for students who pursue entreprenuership and innovation during their studies.

Distribution of grace Marks and Attendance

Duty Leave

Duty Leave will be given to student entrepreneur who has taken prior permission from the Head of Institution to attend EACs/ Seminars/ Workshop/ Competitions, in-house training by TBls, Techno Business training programme etc.

This shall be applicable to faculty also if they are accompanying the student/ student teams as the mentor or giude.

Grace Marks and Attendance

Grace-marks and attendance will be provided by the University to Student Entrepreneurs who are incubated in TBls approved by the National Science? and Technology Entrepreneurship Develompment Board, Department of Science and Technology, Govt. of India based on the following broad guidelines. Accordingly a student entrepreneur (or group) will be rated at different stages.



SL.
No
StagesGrace MarksAttendance
(Max 20%)


Mark (Max 4%)


1Idea Stages1%5.00%
2Teaming & Company Formation1%5.00%
3APrototype (Working Model) for
Technology based firms *
2%10%
OR
3B
Technology based firms*
Business Services of Service based firms *
2%10%


 * The student company (Arts/ Science/ Business School/ Engineering College/ Polytechnic) should have made a working model (proto type)which is commercially viable (for technological based companies) and has started generating sufficient cash flow towards attaining self-sustainability and have a sound workable business plan validated by a DST approved Incubator (for Service based companies) 
  • For students to be eligible to receive the special attendance under the Student Entrepreneurship Scheme, they should have secured a minimum of 75% attendance including the special attendance for which the student is eligible under the scheme
  • Students shall not be allowed to avail this special attendance to skip any of the examinations fixed by the college/ university/Directorate of Technical Education as applicable
  • Each university should have a mechanism to consolidate and recommend award of marks / attendance based on the letters from the TBls
  • Students should be encouraged to participate in nationally reputed idea competitions / business plan contexts / entrepreneurship seminars etc: to gain maximum exposure. Duty leave may be given for this purpose. Students who win prizes at university / state /national level idea competitions / business plan contexts may also be given up to 2% grace marks in the semester in which price was won. The list of TBl approved competitions may be maintained by the Universities for this purpose may be uploaded in the University website within 15 days of this order


Department of Biotechnology
SchemesCoverageFunding
Biotech Ignition Grant schemes (BIG)Individuals/ teams nascent ideas into start-upsUpto 50 lakh for commercialization potential with 18 months
Bio-incubators Support Scheme –BISS"World-class quality incubation space for entrepreneurs and start-ups "Funding on case-to-case basis for lab infrastructure
Small Business Innovation Research Initiative (SBIRI)Phase I - Research for proof of concept20-50 lakh limited to 50% of cost for projects below C1 crore. In case of cost is above 1 crore interest -free loan limited to 50 lakh

Phase II - Late stage development & commercializationSoft loan limited to Rs. 10 Cr. Simple interest @ 1% for loan upto Rs. 1 cr. and 2 % for loans between Rs. 1-10 Cr.
Biotechnology Industry Partnership Program (BIPP)Partnership with industry for high risk discovery led innovation research30%-50% of project cost limited up to Rs. 50 crore
Contract Research Scheme (CRS)Facilitating technology validation and developmentFunding on case-to-case basis
Conference, Travel, Exhibition and Popular Lectures (CTEP)For organiszing conferencesConferences up to Rs. 10 lakh & funding above Rs. 10 lakh on a case-to-case basis

For travelRs. 30,000-60,000 on travel, depending on Country of travel.

DBT stall in ExhibitionOrganisers can send the request to DBT for approval

Popular LecturesRs.24,000 for 3 lectures + TA & DA as per GoI norms
For more details :www.dbtindia.nic.in
Department of Science and Technology - Science Engineering Research
SchemesCoverageFunding
Partial Financial assistance for conference / seminar / syposium
Faunding on case-to-case basis
Extra Mural Research Funding (Individual Centric)Competitive mode of funding under EMRIndividual centric competitive mode of funding
For more details :www.dst.gov.in
Board (SERB)
SchemesCoverageFunding
Start-Up Research Grant (Young Scientists)Research GrantRs.35000 per month + Start-up grant limited to Rs.23 lakhs
Utilization of the Scientific Expertise of Retired Scientists (USERS)To utilize expertise and potential of large number of eminent scientistsRs.20,000 per month
Promotion of University Research & Scientific excellence (Purse) grantAugmentation of research activities at universitiesRs.6-30 crore of funding for upgrading R&D capacity at universities
For more details :www.serb.gov.in
Indian Council for Agricultural Research (ICRA)
SchemesCoverageFunding
National Fund for Basic , Strategic and Frontier Application Research in Agriculture (NFBSFARA)For solving advanced scientific and technological problems in agricultureLimited to Rs.50 crore sanctions upon approval from competent authority
For more details :www.icar.org.in
Indian Council forMedical Research (ICMR)
SchemesCoverageFunding
Medical Innovation FundTest and validate novel and highly creative ideasFunding on case-to-case basis
For more details :www.icmr.nic.in
Council of Scientific & Industrial Research (CSIR)
SchemesCoverageFunding
CSIR Research GrantsResearch works in the fields of Science & Technology, including Agriculture, Engineering and MedicineScientist basic salary Rs. 12,000-20,000 (+DA+HRA+TA) & Equipment cost on case-to-case basis
For more details: www.csir.res.in
Defence Research and Development Organisation
SchemesCoverageFunding
Grant-In-Aid for Extramural research schemeResearch sponsored in academic institutions for research on phenomena/ observations that are of relevance to military R&D
For more details :www.drdo.gov.in
Department of Scientific and Industrial Research
SchemesCoverageFunding
Technopreneur Promotion Programme (TePP)Grants, technical guidance and mentoring from ideas to MarketsPhase I funding upto Rs.15 lakh limited to 90% of project cost. Phase II funding limited to Rs. 7.5 lakh or 90% of cost.
For more details :www.dsir.gov.in
Ministry of Commerce - Dept. of Commerce
SchemesCoverageFunding
Market Access Initiative (MAI) SchemeTo evolve specific market and specific productFunding up to Rs. 2 crore (Depending on the market/product/study)
For more details : www.commerce.gov.in