Women/Transgender Productization Grant — Frequently Asked Questions
Answers to the questions founders most often ask about Women/Transgender Productization Grant — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
Who is eligible to apply for the Women/Transgender Productization Grant?
This grant is open to startups in the Product Development stage where women or transgender founders collectively hold at least 51% of the company's equity. Applicants must also possess a valid KSUM Unique ID and be registered as a Private Limited Company, LLP, or OPC in Kerala.
What is the maximum funding amount available through this grant?
Eligible startups can receive financial assistance of up to ₹5 lakhs. This is provided as an additional grant, supplementing the standard Productization Grant.
Is a KSUM Unique ID a mandatory requirement for application?
Yes, it is mandatory to have a valid KSUM Unique ID at the time of submitting your application for this grant.
How are the grant funds disbursed to the selected startups?
The grant funds are disbursed in milestone-based tranches. This occurs after the execution of an agreement and the submission of all necessary utilization and progress documents, ensuring funds are released as development milestones are met.
Which types of expenses are not permitted under this grant?
The grant funds cannot be used for founder salaries, the purchase of fixed assets like land or buildings, high-end equipment exceeding ₹2 lakhs, rent, or major infrastructure setup. The focus is strictly on product development expenses.
Does this grant require the startup to give up equity?
No, this is a grant program, which means it provides non-dilutive funding. Startups do not need to give up any equity in exchange for the funds.
What is the application deadline for this grant?
The application deadline for the Women/Transgender Productization Grant is not specified in the provided information. Please check the official KSUM website for current application windows.
How can I apply for the Women/Transgender Productization Grant?
Applications for this grant are submitted online through the Kerala Startup Mission (KSUM) website. You will need to prepare and submit your proposal as per their guidelines.
Are there any specific registration requirements for the startup entity?
Yes, the startup must be formally incorporated as a Private Limited Company (Pvt Ltd), a Limited Liability Partnership (LLP), or a One Person Company (OPC) and maintain active status with the Ministry of Corporate Affairs (MCA).
Which geographical regions or states are eligible for this grant?
This grant is specifically targeted at startups operating within the state of Kerala.
Is DPIIT recognition required for Women/Transgender Productization Grant?
No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for Women/Transgender Productization Grant, though having it can strengthen your application and unlock other benefits.
Who offers Women/Transgender Productization Grant?
Women/Transgender Productization Grant is offered by Kerala Startup Mission, a government body. It is provided as non-dilutive funding.