Kerala Technology Transfer Scheme
The state government of Kerala launched the Technology Transfer Scheme recently.
About the Technology Transfer Scheme
- Technology Transfer Scheme will be implemented via the Kerala Startup Mission (KSUM).
- It will reimburse the expense incurred by the new startup ventures while procuring technology licenses from the government research institutes in India to commercialize and scale their products.
- Under this scheme, a maximum of Rs.10 lakh will be reimbursed to startups purchasing or sourcing technologies the government research institutes and working on them to develop products that can be commercialized.
- The state government will reimburse 90 per cent of the technology fee paid by the startups to the research institutions that are providing technology licenses.
- The ultimate goal of the scheme is to encourage startups to innovate their ideas by minimising the cost involved.
Which startups are eligible for this scheme?
- The scheme is applicable for those startups that have an active registration with the Kerala Startup Mission (KSUM).
- The startup should be a registered company in Kerala as a Limited Liability Partnership (LLP) or Private Limited company.
- It should also be a registered company in the Central Government’s Department for Promotion of Industry and Internal Trade (DIPP).
- It should have an Active or Active Compliant Status with the Ministry of Corporate Affairs.
- It should not have any pending dues with any of the government agencies, KSUM and other incubators in the state.
- It should not have been blacklisted by any government agencies in India.
What is KSUM?
Kerala Startup Mission (KSUM) is a nodal agency of the Kerala Government for entrepreneurship development and incubation activities in the state. It was created to implement the planning, establishment and management of technology business incubator (TBI) – a startup accelerator in Kerala. It is currently involved in the promotion of technology-based entrepreneurship activates and the creation of infrastructure and environment required to support the growth of high-technology based businesses in the state. Its other objectives include:
- Coordinating with other incubators’ functions in Kerala
- Supporting knowledge-driven and technology-based startup ventures by students, faculties and local entrepreneurs
- Strengthening entrepreneurship development activities of the Kerala government
- Promoting networking activities and linkages with the industry
- Setting up R&D facilities and encouraging formation of Innovation and Entrepreneurship Development Cells (IEDCs) and technoparks in academic institutions
Month: Current Affairs – November, 2022
Category: Government Schemes Current Affairs • India Nation & States Current Affairs