KSUM initiates financial aid project ‘Idea Day’ to fund colleges’ innovative projects & start-ups

KSUM has also identified many projects from the IEDC across the State.

startupThe Kerala Startup Mission (KSUM) has come up with a financial aid project, Idea Day in order a fund for innovative projects, ideas and products from college campuses.

Novel projects from Innovation Entrepreneurship Development Centers (IEDC) in 196 colleges across the state and technology product start-ups from outside will be provided with the innovation fund.

The fund will be based on a few categories the Idea Grant, Prototype Grant and Scale-up Grant.

KSUM CEO Saji Gopinath said, “They can be scaled up for the social good as well as bringing it out to be a patentable product. When financial support is given to such projects, the students will also be motivated. This will enable them to think about more innovative projects.”

Gopinath also said that KSUM has also identified many projects from the IEDC across the State.

“If funding support is extended to these innovative projects and start-ups, it will be a handholding to the students for taking their projects to the next level,” he added.

The last date for submission of applications has been extended to September 29. The Idea Day will be held on the first Saturday of every month.

Kerala Startup Mission (KSUM) is the implementing agency of Government of Kerala for entrepreneurship development and incubation activities in Kerala. KSUM was formerly the Technopark Technology Business Incubator (T-TBI), a society under the Travancore Cochin literary, Scientific and charitable Societies Registration Act XII of 1955 and started the incubation programme in the name of Technopark Business Incubation Centre (TBIC) in 2002.

Pdianghun Kharbithai

Love travelling, writing and exploring.

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