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.

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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