Kerala govt to reimburse tech license cost to startups

Kerala govt to reimburse tech license cost to startups : 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.

November 2022 Current Affairs Quiz

Under the project ‘Technology Transfer Scheme’, implemented through Kerala Startup Mission (KSUM), the government will reimburse upto ₹10 lakh to startups purchasing or sourcing technology.

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. 

It has invited applications from eligible startups to avail the benefits offered by the scheme.

KSUM CEO: Anoop Ambika

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