Idea Grant — Frequently Asked Questions
Answers to the questions founders most often ask about Idea Grant — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What is the Idea Grant program?
The Idea Grant is an early-stage funding initiative by the Kerala Startup Mission (KSUM) designed to support innovative technology-based startups in Kerala, helping them develop prototypes and validate their concepts.
How much funding can a startup receive through the Idea Grant?
Eligible startups can receive financial assistance of up to ₹3 lakhs through the Idea Grant program.
What stages of startups are eligible for this grant?
The program is open to startups in the Ideation, Designing, Proof of Concept (PoC), or early Minimum Viable Prototype (MVP) stages of development.
Are there any geographical restrictions for applicants?
Yes, only innovators based out of Kerala are eligible to apply for the Idea Grant.
What types of products or solutions does the Idea Grant support?
The grant exclusively supports the development of innovative technology-based products that demonstrate high growth potential and novel applications of technology.
Is company registration required to apply for the Idea Grant?
While you can apply without prior registration, company incorporation as a Private Limited Company (Pvt Ltd) or Limited Liability Partnership (LLP) is mandatory before the disbursal of any funds.
Does the Kerala Startup Mission take equity in startups receiving the Idea Grant?
No, the Idea Grant is a grant program, meaning it provides non-dilutive funding. The Kerala Startup Mission does not take any equity stake in the recipient startups.
Is DPIIT or MSME registration a requirement for this program?
The program details provided do not specify any requirement for DPIIT Startup India recognition or MSME registration.
How can I apply for the Idea Grant?
Applications for the Idea Grant are submitted through the Kerala Startup Mission (KSUM) website.
What is the deadline for applying to the Idea Grant?
The program details do not specify a fixed application deadline. Applicants should check the KSUM website for the latest information.
Who is eligible to apply for Idea Grant?
Idea Grant is open to startups at the idea and product stage. The programme is targeted at startups registered in Kerala. Applicants should be registered as private limited and llp.
Who offers Idea Grant?
Idea Grant is offered by Kerala Startup Mission, a government body. It is provided as non-dilutive funding.