Scheme Sponsor: Kerala Start-up Mission
Mode of Assistance: Technology License / Transfer support for Startups
Target Group: Start-ups
About the Scheme:
The Kerala Government, in collaboration with the Kerala Startup Mission, has introduced a
program known as the Technology Transfer plan. This plan is aimed at supporting companies
that have acquired or obtained a Technology License from any Government research
Institution in India and are now engaged in developing it into a marketable product. This
program aims to assist Technology License/Transfer companies by offering a maximum
funding support of Rs.10 Lakhs in the form of reimbursement for the expenses incurred by
the companies in paying the Research Institution. Nevertheless, the assistance is restricted to
covering only 90% of the technological charge that must be remitted to the Research body.
The stipulations and prerequisites for the advantages provided by the scheme will be as
follows:
- The license/technology acquired through this program will be the property of the Startup, or as outlined in the terms provided by the research agency.
- Kerala Startup Mission will get a 2% royalty for the product being commercialized, up to the amount provided by the Kerala Startup Mission through the initiative.
- The Startup is anticipated to monetize the product, for which the license/technology has been acquired, within a timeframe of 2 years.
- If the firm fails to market the product within two years, it will be obligated to reimburse the contribution provided by the Kerala firm Mission.
- Prior to obtaining the benefit, the Startup will enter into an agreement with the Kerala Startup Mission.
Eligibility Criteria
- The start-up must be incorporated as a limited liability partnership (LLP) or a private limited company in Kerala and must possess a current registration with the Kerala Start-up Mission (KSUM) at the time of submitting the application.
- The start-up company possesses DIPP registration and maintains a ‘Active’ or ‘Active Compliant’ status with MCA.
- The start-ups must not have any outstanding obligations with any Government agencies, KSUM, or other state incubators. Additionally, they must not be on the blacklist of any Government agency in India.
For more information: https://startupmission.kerala.gov.in/schemes/technology-
commercialisation
