₹4.32 crore to be provided to start-ups in State
In a bid to boost the start-up ecosystem, Kerala Startup Mission (KSUM) will provide a total of ₹4.32 crore grant for start-ups in the State.
The grant was announced at the concluding session of the sixth edition of ‘Seeding Kerala’ here on Saturday. It will consist of ₹3.5 crore as ‘productisation grant’ for 52 start-ups and ₹82 lakh as ‘idea grant’ for 41 innovators.
The two-day virtual event organised by KSUM focused on start-up ecosystems beyond the country’s metropolises and tier-1 cities. Four start-ups bagged investment opportunities at the event, which was conceived in tune with Startup Bharat.