Question

Which of the following are part of Kerala's Startup Mission initiatives to promote innovation?

1. Innovation Grant
2. R&D Grant
3. Technology Commercialisation Support for Women

• A. 1 only correct
• B. None of these
• C. 3 only correct
• D. All are correct

Answer 1

Answer:

D. All are correct

• All three of the listed initiatives are part of the Kerala Startup Mission (KSUM) efforts to promote innovation:

  (i) Innovation Grant: Part of KSUM initiatives. The Innovation Grant scheme provides financial assistance, broken down into categories like Idea Grant, Productization Grant, and Scale-up Grant, to help entrepreneurs and students convert innovative ideas into full-fledged ventures.

  (ii) R&D Grant: Part of KSUM initiatives. The R&D Grant is specifically aimed at highly promising hardware or deep-tech startups with a working prototype that requires extensive Research and Development (R&D) to be developed into a final product.

  (iii) Technology Commercialisation Support for Women: Part of KSUM initiatives. KSUM offers a scheme called the "Technology Transfer & Commercialisation Support Scheme" which specifically supports women-led startups that have sourced technology licenses from government research institutions for commercial product development.