Kerala government will reimburse tech licence cost to startups

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Kerala has launched a scheme to reimburse startup ventures for the costs of obtaining technology licences from government research institutions in the state in order to commercialise and scale up their products.

The government will reimburse startups up to Rs 10 lakh for purchasing or sourcing technology from government research institutions and working on it to develop products that could be commercialised under the ‘Technology Transfer Scheme’ project, which is being implemented through Kerala Startup Mission (KSUM). Anoop Ambika, CEO of KSUM, stated that this scheme will help startups in the state gain greater access to the know-how needed to turn their ideas into marketable products.

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Kerala government will reimburse tech licence cost to startups

Kerala has launched a scheme to reimburse startup ventures for the costs of obtaining technology licences from government research institutions in the state in order to commercialise and scale up their products.

The government will reimburse startups up to Rs 10 lakh for purchasing or sourcing technology from government research institutions and working on it to develop products that could be commercialised under the ‘Technology Transfer Scheme’ project, which is being implemented through Kerala Startup Mission (KSUM). Anoop Ambika, CEO of KSUM, stated that this scheme will help startups in the state gain greater access to the know-how needed to turn their ideas into marketable products.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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