Productisation Grant — Frequently Asked Questions
Answers to the questions founders most often ask about Productisation Grant — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What is the Productisation Grant?
The Productisation Grant is an initiative by the Kerala Startup Mission (KSUM) designed to help technology startups develop their Minimum Viable Prototypes (MVPs) into fully market-ready products. It provides financial support to bridge the gap between innovation and commercial launch.
What is the maximum funding available through this grant?
Eligible startups can receive financial assistance of up to ₹7 lakhs. For women-led startups where women hold a major share, the grant amount can be up to ₹12 lakhs. If a startup has previously received an Idea Grant from KSUM, only the remaining eligible balance can be claimed.
Who is eligible to apply for the Productisation Grant?
Startups in the product development stage with an innovative technology product are eligible. They must be incorporated as a Private Limited company or an LLP with active MCA status, and possess a valid KSUM Unique ID. The grant is specifically for startups based in Kerala.
Does this grant require DPIIT or MSME registration?
No, the provided information does not indicate that DPIIT or MSME registration is a mandatory requirement for the Productisation Grant.
Does KSUM take equity from startups receiving this grant?
No, the Productisation Grant is a form of financial assistance provided as a grant, meaning KSUM does not take any equity stake in the recipient startup.
How is the grant amount disbursed to selected startups?
The grant is disbursed in milestone-based tranches. This means funds are released in stages, typically with an initial amount and subsequent payments tied to the achievement of specific development milestones and submission of progress reports.
Is there a deadline to apply for the Productisation Grant?
The application deadline for the Productisation Grant is not specified in the available information. It is advisable to check the official KSUM website for current application windows.
Are there any expenses that the grant does not cover?
Yes, the grant explicitly does not cover founder salaries, the purchase of fixed assets such as land or buildings, high-end equipment or costly software exceeding ₹2 lakhs, rent, and major infrastructure setup costs.
Is margin money required from the startup?
Yes, startups must commit 20% of the approved grant amount as margin money. This contribution becomes applicable during the disbursement of the second tranche of the grant.
How can I apply for the Productisation Grant?
You can apply for the Productisation Grant through the official Kerala Startup Mission website. The application portal is available at https://startupmission.kerala.gov.in/schemes/productisation-grant.
Who offers Productisation Grant?
Productisation Grant is offered by Kerala Startup Mission, a government body. It is provided as non-dilutive funding.