Scaleup Grant — Frequently Asked Questions
Answers to the questions founders most often ask about Scaleup Grant — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What is the maximum funding amount available through the Scaleup Grant?
The Scaleup Grant offers a maximum financial assistance of up to ₹15 lakhs to eligible technology-based startups.
What are the core eligibility requirements for revenue or investment?
To be eligible, your startup must have either generated ₹10 lakhs in revenue from your product within the last six months or successfully raised a minimum of ₹30 lakhs through external equity investment.
Is a margin money contribution required from the startup?
Yes, a margin money contribution is required. Startups must contribute 50% of the approved grant amount, demonstrating their commitment and shared responsibility in the scaling process.
How can the Scaleup Grant funds be utilized by recipients?
The grant funds can primarily be used for strategic activities such as market expansion, strengthening branding and marketing initiatives, accelerating customer acquisition, and limited product feature enhancements. The main focus is on driving revenue growth and business development.
Can startups that have previously received other KSUM grants apply for this program?
Yes, startups that have previously benefited from other KSUM grants are eligible to apply for the Scaleup Grant. However, they can only apply for the remaining admissible amount under this specific scheme.
Which types of startups are eligible to apply for this grant?
This grant is open to innovative, technology-based startups located in Kerala that possess a valid KSUM Unique ID. Eligible legal structures include a Private Limited Company, a Limited Liability Partnership (LLP), or a One Person Company (OPC) with active MCA status.
Does the Kerala Startup Mission take equity in my company for this grant?
No, the Scaleup Grant is a form of financial assistance provided by KSUM, meaning it is non-dilutive. KSUM does not take any equity stake in your company in exchange for this grant.
Is there a specific deadline for submitting applications for the Scaleup Grant?
The program details provided do not specify a particular application deadline. Founders are advised to regularly check the official Kerala Startup Mission website for the latest updates and application window information.
How can I apply for the Scaleup Grant?
You can apply for the Scaleup Grant directly through the Kerala Startup Mission's official portal. Further details and the application form can be found at https://startupmission.kerala.gov.in/schemes/scaleup-grant.
Is DPIIT recognition required for Scaleup Grant?
No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for Scaleup Grant, though having it can strengthen your application and unlock other benefits.
Who offers Scaleup Grant?
Scaleup Grant is offered by Kerala Startup Mission, a government body. It is provided as non-dilutive funding.