Technology Transfer & Commercialization Support Scheme

Description
The Government of Kerala has launched the scheme “Technology Transfer & Commercialization Support Scheme” through Kerala Startup Mission to support startups that have purchased or sourced Technology Licenses from any Government research Institution in India and are working on it to develop as a commercializable product. Women Entrepreneurs: 1. Women entrepreneurs are defined as women or a group of women who initiate, organize, and operate a business enterprise. 1. A women& 39;s enterprise should have at least 51% of shares with women founders in the case of service enterprises. 1. In the case of women enterprises who have received equity funding, majority shares should be maintained with women founders/founders.

Benefits
• This scheme intends to support Technology License/Transfer Startups by providing funding support of a maximum of ₹10 Lakhs in the form of reimbursement for the startups, who have paid to the Research Institution.
• The support is limited to 90% of the technology fee to be paid to the Research entity.

Eligibility Criteria
1. The startup should be a registered company in Kerala as an LLP or Pvt. Ltd company and should have an active registration with KSUM at the time of application.
2. The startup company has DIPP registration and an ‘Active’/ ‘Active Compliant’ status with MCA.
3. The startups shall not have any other pending dues with any of the Government agencies, KSUM, or Other incubators in the state and shall not be blacklisted by any Govt. agency in India
4. The women co-founder should have a majority stake in the startup.
5. The Startup should be registered in Kerala.
6. License/Technology to be sourced from any Government research institution in India and a fee will be paid to the institution.
7. **Note 01:** The license/technology purchased through this scheme shall be owned by the Startup or as per the terms specified by the research agency.
8. **Note 02:** Kerala Startup Mission shall be given a 2% royalty for the product being commercialized, which shall be limited to the amount supported by the Kerala Startup Mission under the scheme.
9. **Note 03**: The Startup is expected to commercialize the product for which the license /technology is purchased within a period of 2 years.
10. **Note 04:** In case, the Startup is unable to commercialize the product within two years, then the startup will be liable to repay the contribution given by the Kerala Startup Mission.
11. **Note 05:** The Startup will sign an agreement with the Kerala Startup Mission before availing of the benefit.

Required Documents
• Original hard copy of Invoice & Receipt with authorized seal and signature from the research organization.
• Original Bank Statement showing the amount transferred (Verified by the Bank Manager).
• Technology Transfer Agreement with a research organization.
• Residence Proof details of the director(s)/ applicant(s).
• Company incorporation documents (Incorporation Certificates, MoA, AoA, DIN nos).
• Undertaking that the startup has not so far claimed and will not claim any sort of reimbursement costs from any other organizations/ govt. bodies and if found, they will pay twice the amount to KSUM, which is reimbursed through the Technology support scheme.
• Cancelled Cheque of the company and Bank details (Branch name, IFSC Code).
• Any other document as demanded by the recommending/sanctioning authority.

Frequently Asked Questions
Q: What is the “Technology Transfer & Commercialization Support Scheme”?
A: Under the scheme, the Government of Kerala will provide support to women startups that have purchased or sourced Technology Licenses from any Government research Institution in India and are working on it to develop as a commercializable product.

Q: What does “Women Entrepreneurs” mean?
A: Women entrepreneurs are defined as women or a group of women who initiate, organize, and operate a business enterprise.

Q: Which is the implementing department of this scheme?
A: Kerala Startup Mission, Government of Kerala

Q: Which types of enterprise/startup are eligible to get the benefits of the scheme?
A: The women startups which are registered in Kerala as an LLP or Pvt. Ltd company and should have an active registration with KSUM are eligible to apply under the scheme.

Q: Is it necessary for a startup to be registered with DPIIT?
A: Yes, the startup company has DPIIT registration and an 'Active'/ 'Active Compliant' status with MCA.

Q: Is it necessary for a startup to be registered in Kerala?
A: Yes, the Startup should be registered in Kerala.

Q: What is the benefit of the scheme?
A: This scheme intends to support Technology License/Transfer Startups by providing funding support of a maximum of [?]10 Lakhs in the form of reimbursement for the startups, who have paid to the Research Institution.

Q: Will 100% support be provided for paying the technology fee?
A: No, the support is limited to 90% of the technology fee to be paid to the Research entity.

Q: Which are the startups not eligible for the scheme?
A: The startups having any other pending dues with any of the Government agencies, KSUM, or Other incubators in the state or blacklisted by any Govt. agency in India are not eligible for the scheme.

Q: How can an applicant unit apply under the scheme?
A: The application form can be submitted online through the Official website of the Kerala Startup Mission, Government of Kerala. https://startupmission.kerala.gov.in/login