Kerala Technology Transfer Scheme

November 9, 2022

The state government of Kerala launched the Technology Transfer Scheme recently.

About the Technology Transfer Scheme

Technology Transfer Scheme will be implemented via the Kerala Startup Mission (KSUM).
It will reimburse the expense incurred by the new startup ventures while procuring technology licenses from the government research institutes in India to commercialize and scale their products.
Under this scheme, a maximum of Rs.10 lakh will be reimbursed to startups purchasing or sourcing technologies the government research institutes and working on them to develop products that can be commercialized.
The state government will reimburse 90 per cent of the technology fee paid by the startups to the research institutions that are providing technology licenses.
The ultimate goal of the scheme is to encourage startups to innovate their ideas by minimising the cost involved.

Which startups are eligible for this scheme?

The scheme is applicable for those startups that have an active registration with the Kerala Startup Mission (KSUM).
The startup should be a registered company in Kerala as a Limited Liability Partnership (LLP) or Private Limited company.
It should also be a registered company in the Central Government’s Department for Promotion of Industry and Internal Trade (DIPP).
It should have an Active or Active Compliant Status with the Ministry of Corporate Affairs.
It should not have any pending dues with any of the government agencies, KSUM and other incubators in the state.
It should not have been blacklisted by any government agencies in India.

What is KSUM?

Kerala Startup Mission (KSUM) is a nodal agency of the Kerala Government for entrepreneurship development and incubation activities in the state. It was created to implement the planning, establishment and management of technology business incubator (TBI) – a startup accelerator in Kerala. It is currently involved in the promotion of technology-based entrepreneurship activates and the creation of infrastructure and environment required to support the growth of high-technology based businesses in the state. Its other objectives include:

Coordinating with other incubators’ functions in Kerala
Supporting knowledge-driven and technology-based startup ventures by students, faculties and local entrepreneurs
Strengthening entrepreneurship development activities of the Kerala government
Promoting networking activities and linkages with the industry
Setting up R&D facilities and encouraging formation of Innovation and Entrepreneurship Development Cells (IEDCs) and technoparks in academic institutions

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