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Kerala Startup Mission is one of the initiatives of the Kerala government to promote startup growth in the state. Kerala government[1] has taken vibrant steps to encourage the startup ecosystem over the years. It is abbreviated as KSUM and was formerly known as Technopark TBI.
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KSUM or Kerala Startup Mission is the central agency of the Government of Kerala for entrepreneurship development and various incubation activities in the state of Kerala, India. Primarily, KSUM was founded to help plan, establish, and manage the Technology Business Incubator {TBI}. The TBI is a startup accelerator in Kerala that works to promote tech-based entrepreneurship activities. Also, it creates the necessary infrastructure and environment which is required to support hi-tech-based businesses.
Primarily, the objectives of the Kerala Startup Mission are as follows;
Not every startup in any state can register itself under the Kerala Startup Mission. The Kerala government has set up various measures for startups to be eligible to register under the Kerala Startup Mission. The eligibility criteria for the same as follows;
Eligibility criteria for startups to register under KSUM are given below:
Also, Read: Startup India Registration Process – The Complete Guide.
Kerala Startup Mission {KSUM} has initiated numerous programs to develop student entrepreneurship. KSUM implements the “Startup policy” declared by the Government of Kerala. Moreover, it comes up with various schemes covering broad areas from schools, colleges, and young entrepreneurs, for effective implementation of these policies. This policy defines the “Incubators” and the Technology Business Incubator recognized either by the State or the Central Government. Furthermore, it also defines “Startup” as an innovation-based technology entity which is registered under the Companies Act, 2013 and which is within its three years of incorporation.
Kerala government offers incubation facilities to startups in Kerala state registered under KSUM. KSUM offices are situated in Trivandrum, Ernakulam, Calicut, and Kasargod. The incubation period comprises of the following stages;
It provides various support services for startups in legal and statutory compliances such as;
Under this, the startups are supported in the following activities;
Startup leadership academy and training programme extended its services and added the Mentorship/connect scheme. Under this plan, startups are nurtured by numerous renowned mentors recognized nationally and internationally. The programme also provides various changes for startups to get exposed to global markets and institutions.
KSUM has initiated various schemes to develop knowledge and numerous other skill enhancement progammes such as;
Various Exchanges and Global Immersion Progammes under KSUM are as follows;
Various funding schemes under KSUM are as follows;
In the end, we can say that the Kerala Startup Mission is a very positive initiative towards the promotion of student entrepreneurship. Moreover, KSUM helps startups and student entrepreneurs to incorporate, develop, fund and support their companies in various ways. The Kerala government has taken numerous initiatives in the form of various schemes to help emerging entrepreneurship within the state of Kerala. The only drawback of this programme is that it provides support to startups registered only in the Kerala state. Therefore, this scheme should either be applicable in other states also, or such schemes should be developed in other state governments.
Also, Read: What are the Income Tax Laws for Startups in India.
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