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Who is the nodal agency responsible for implementing the Innovation Grant scheme in Kerala?

AKerala Finance Corporation

BDepartment of Industries and Commerce

CKerala Startup Mission (KSUM)

DKerala Technological University

Answer:

C. Kerala Startup Mission (KSUM)

Read Explanation:

INNOVATION GRANT

  • The Govt. of Kerala has introduced the Innovation Grant scheme to provide financial assistance to startups and entrepreneurs to help them convert their innovative ideas into full-fledged ventures.

  • This scheme is implemented through Kerala Startup Mission, which is the nodal agency of Govt. of Kerala for startup-related activities and schemes.

  • Innovation grant is not a prize money for having an idea.

  • The purpose of the innovation grant is to help innovators and startups to develop the prototype or product and scale up into full fledged ventures.

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