About this programme
The Innovation Grant (also called Idea Grant) from Kerala Startup Mission provides financial grants to startups in the ideation, design, or proof-of-concept stage. The scheme supports innovators and entrepreneurs developing technology-driven, innovative products with commercial potential. Funding is distributed in milestone-based tranches, with the first instalment typically released upon approval and remaining funds released after progress review and utilisation certification.
A grant is financial support you don’t repay — awarded against eligibility and, usually, agreed milestones or utilisation of funds. The amount and form of support that actually apply to you depend on the programme’s rules and how your application is assessed — they are not fixed for every applicant.
It is aimed at businesses in technology-based innovation · product development. Like most government programmes, it has its own eligibility conditions, documentation and application window, and these terms are revised from time to time. Because of that, it is worth confirming the current eligibility, amount and deadline on the official programme page before you invest time in applying.
How it works
Applicants submit applications through KSUM website. Applications undergo initial screening and shortlisting by officials. Shortlisted applicants present to an Expert Committee for evaluation (assessed on team quality, product innovation, marketing potential, financial viability, and grant utilisation plan). Upon CEO/Chairman approval, applicants submit required documents and sign agreements. Funds are disbursed in milestone-based tranches, typically 50% initially and remainder after progress review and utilisation certificate.
Who can apply
Startups in ideation, design, or proof-of-concept stage. Based in Kerala with innovative, technology-driven products. Company incorporation (Pvt Ltd/LLP/OPC) is mandatory before fund disbursal. KSUM Unique ID required. Cannot have received this grant within the previous 3 months.
How to apply
- Submit application through KSUM website (startupmission.kerala.gov.in)
- Undergo initial screening and shortlisting process
- Present pitch before Expert Committee for evaluation
- Receive evaluation feedback and approval decision
- Submit required documents and execute grant agreement
- Receive first tranche of funds upon document approval
Documents you’ll typically need
- Incorporation documents (Certificate of Incorporation)
- PAN certificate
- Bank account details and passbook (first page)
- Balance sheet (2 years if available)
- Revenue and investment proof
- CA-certified No Dues Certificate
- Margin Money Certificate (with UDIN)
- Stamp paper (affidavit)
The exact checklist depends on the programme and your specifics.
Frequently asked
Is company incorporation required before applying?
Company incorporation (Pvt Ltd/LLP/OPC) is mandatory before fund disbursal, though it may not be required at the time of application. A KSUM Unique ID is also required for final disbursal.
How are funds disbursed?
Funds are disbursed in milestone-based tranches, typically with 50% released initially upon grant agreement execution and remaining balance released after submission of progress report and utilisation certificate.
What happens if I have already received this grant previously?
Applicants cannot have received the Innovation Grant within the previous 3 months, though reapplication is possible after this period.
What criteria does the Expert Committee use to evaluate applications?
The Expert Committee evaluates applications on five dimensions: team quality, product innovation level, marketing and commercialisation potential, financial viability, and the proposed utilisation plan for the grant funds.
Reviewed July 2026. Government programmes change — confirm current eligibility, amounts and deadlines on the official programme page before you apply. CapEasy is a private consultancy and is not affiliated with any government authority.