Connect with us

Hi, what are you looking for?

Political Mirror

GOVERNMENTS

Kerala launches scheme to reimburse tech license cost to startups

THIRUVANANTHAPURAM: Kerala has launched a scheme to reimburse the expense incurred by the nascent startup ventures to procure technology licenses from government research institutions in the country to commercialise and scale up their products.

Under the project titled ‘Technology Transfer Scheme’, implemented through Kerala Startup Mission (KSUM), the government will reimburse upto Rs 10 lakh to startups purchasing or sourcing technology from government research institutions and working on them to develop products that could be commercialised.

KSUM CEO, Anoop Ambika, said this scheme will help startups in the State to gain greater access to know-how required for turning their ideas into marketable products.

KSUM, in a release said, it has invited applications from eligible startups to avail the benefits offered by the scheme.

“This is a highly rewarding scheme that will encourage our startups to innovate on their ideas without bothering about the cost involved,” Ambika said.

As part of the fiscal support scheme, 90 per cent of the technology fee paid by startups to the research institutions from where technology licenses are purchased or sourced will be reimbursed.

The eligible startups with an active registration with KSUM can submit online applications via the KSUM portal– https:tartupmission.kerala.gov.in/schemes/technology-commercialisation.

KSUM is the nodal agency of the Kerala government for entrepreneurship development and incubation activities in the state.

Source: Press Trust of India

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Politics

NEW DELHI:A man disguised as an advocate was allegedly caught by the police security detail of the main witness in the 1984 Anti Sikh...

Politics

BARAMULLA: India’s Home Minister Amit Shah on Wednesday ruled out holding dialogue with Pakistan and asserted that the Modi government will wipe out terrorism...

JKNC

SRINAGAR: National Conference (NC) president Farooq Abdullah on Monday urged the natives of Jammu and Kashmir to register themselves in the electoral rolls so...

BSP

NEW DELHI: Appreciating the performance of her party candidate in the bypoll in Azamgarh Lok Sabha seat, the BSP president Mayawati on Monday asked...

ECI

NEW DELHI: Chief Election Commissioner (CEC) Rajiv Kumar along with Election Commissioner (EC) Anup Chandra Pandey today launched a yearlong Voter Awareness Program –...