Seed Funding

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Scaleup Funding

ABOUT SCALEUP SUPPORT

Innovative start-ups that have completed product development, started commercial operations/generating revenues or utilized the assistance received in the seed stage effectively and has also commenced repaying/closed the assistance sought or has received major recognition from renowned institutions/agencies /received external investor funding support etc. shall be considered for the Scale-up Support under the scheme. The financial assistance will be by way of loan/equity assistance up to  Rs. 50 lakhs per venture subject to a maximum of 80% of the Project cost

USER GUIDE

ELIGIBILITY

  • Innovative start-ups that have completed product development, started commercial operations/generating revenues or utilized the assistance received in the seed stage effectively and has also commenced repaying/closed the assistance sought or has received major recognition from renowned institutions/agencies /received external investor funding support etc. shall be considered for the Scale-up Support under the scheme.
  • Scale-Up soft loan can be provided only to registered companies.
  • Promoters Credit Report will be obtained from Banks/ Financial Institution which shall be satisfactory; CIBIL score of the promoters will also be obtained, which shall be a minimum of 650.

Procedure for Applying Seed Fund Assistance at KSIDC

Offline submission

  1. Start-ups that wish to avail scaleup assistance from KSIDC can call our Startup Cell helpline number (Ph:0484-2323010) or you can meet the single point contact (Vinu KR, Project Officer, KSIDC) or email us your business plan to [email protected]
  2. On receipt of the proposal, the KSIDC Start up Team will interact with the company.
  3. If the proposal is found to fit in as per the criteria for assistance, the application form will be provided to the company. The detailed application form can also be downloaded from the website.
  4. Once on the application is submitted, a preliminary evaluation by the KSIDC Start up Team will be undertaken.
  5. The proposal is then placed before the Committee entrusted for evaluation and Applicants shall be invited to present their proposal before the committee for final approval.

Online submission

The eligible companies can also submit online application through KSIDC portal   ksidcapplications.kerala.gov.in

 

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Last Updated on: 4 October 2022
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