The Technology Transfer & Commercialization Support Scheme is launched by the Kerala Startup Mission (KSUM) to support startups that have sourced technology licenses from government research institutions in India and are working on commercializing these technologies. This initiative is aimed at promoting technology commercialization and innovation across various sectors. The scheme specifically focuses on women entrepreneurs, encouraging their participation in the startup ecosystem.
The scheme runs under the Kerala Startup Mission and offers financial support to cover a portion of the fees paid to the research institutions for obtaining technology licenses.
Scheme Key Highlights (Short Summary)
• Launched by: Kerala Startup Mission (KSUM)
• Objective: To support startups in commercializing products derived from government research institutions
• Financial Support: Reimbursement of up to ₹10 Lakhs, covering 90% of the technology fee
• Eligibility: Must be a registered startup in Kerala, with majority women ownership for women entrepreneurs
• Support for Women Entrepreneurs: At least 51% of shares must be held by women founders in case of service enterprises
Benefits
• Financial Assistance: Up to ₹10 Lakhs in reimbursement for fees paid to research institutions for technology licenses.
• Subsidy Limit: 90% of the technology fee.
• Reimbursement Conditions: The startup should commercialize the product within 2 years of receiving the license. If unable to do so, the startup is liable to repay the support amount received.
Eligibility
• Registered in Kerala as a LLP or Pvt. Ltd company and active registration with KSUM
• DIPP registration and an ‘Active’ or ‘Active Compliant’ status with MCA
• Women Entrepreneurs: At least 51% of the enterprise shares should be owned by women
• The startup must source technology from government research institutions in India and pay the license fee
• The application should be submitted within 1 year from the payment of the technology fee
• No pending dues with KSUM or other government agencies
• The startup should sign an agreement with KSUM before receiving support
Exclusions
• Startups that have already claimed reimbursement for the technology fee from other government agencies or bodies are not eligible
• Products commercialized after 2 years from the date of technology acquisition must repay the financial assistance
• The license/technology purchased should only be from government research institutions in India
Application Process
Online
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Visit the KSUM official website
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Click on ‘Women’ and select “Technology Commercialisation Support Scheme”
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Click ‘Apply Now’ and login using KSUM Unique ID or Email Address
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New users should create a ‘New Account’
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After login, fill in the application form and click ‘Submit’
Documents Required
• Invoice & Receipt from the research organization, with authorized seal
• Bank statement showing the amount transferred (verified by the bank manager)
• Technology Transfer Agreement with the research organization
• Residence proof of director(s)/applicant(s)
• Company incorporation documents (Incorporation Certificates, MoA, AoA, DIN numbers)
• Undertaking confirming that no reimbursement claims have been made elsewhere
• Cancelled cheque with bank details
• Any additional documents as required by the recommending/sanctioning authority
Frequently Asked Questions (FAQs)
Q: What is the “Technology Transfer & Commercialization Support Scheme”?
A: This scheme provides financial assistance to startups that acquire technology licenses from government research institutions and aim to commercialize these technologies.
Q: What does “Women Entrepreneurs” mean?
A: Women entrepreneurs are defined as women or groups of women who initiate, organize, and operate a business enterprise. A women’s enterprise should have at least 51% of shares held by women founders.
Q: Which startups are eligible for this scheme?
A: The scheme is available to startups registered in Kerala that have sourced technology from government research institutions and have at least 51% women ownership.
Q: What benefit is provided under the scheme?
A: The scheme offers up to ₹10 Lakhs of financial support, covering 90% of the technology license fee paid to the research institution.
Q: Can an enterprise apply for this scheme if it is already receiving support from another government body?
A: No, the enterprise should not have claimed any reimbursement from other organizations or government bodies for the same technology license.
Q: How long does the startup have to commercialize the product?
A: The startup must commercialize the product within 2 years from the date of obtaining the technology license.
Q: How can I apply for this scheme?
A: Applicants can submit the application online via the KSUM website, following the registration process and submitting the required documents.