Kerala Startup Mission (KSUM)
Kerala Startup Mission (KSUM) is the nodal agency of the government of Kerala for promoting entrepreneurship in the state. It is also the implementing body for the Kerala Technology Startup Policy that supports the state’s startup ecosystem through the various schemes and support programs. KSUM was founded in 2006, with the goal to promote technology-based entrepreneurship activities and to create the infrastructure and ecosystem required to support high-end technology-based startup businesses.
KSUM acts as a springboard for budding entrepreneurs who wish to launch themselves into the world of technology-based careers and has helped develop several innovative products and solutions. Over the past decade KSUM has been able to build a vibrant startup ecosystem allowing technology entrepreneurs to pursue their goals and dreams by providing them complete support in the startup life cycle. Today KSUM along with sector-specific partner organisations, boast of 2900 + registered startups, 10 Lakh + sq. feet of incubation space, 40+ incubators and 300+ innovation centres across the state of Kerala.
The interventions made by KSUM in Kerala have brought about a cultural change among the youth of Kerala, as well as in how the government goes about its work. Young minds who come up with innovative solutions now have the support of various incubators and government schemes as highlighted earlier, which not only help bring in funding but also provide mentorship and expansion opportunities at different stages. This approach of the government enables startups to entrepreneurs to get ample opportunities to collaborate with the support infrastructure to develop impactful technology solutions.
Learn About Kerala’s Startup Ecosystem here: https://startupmission.kerala.gov.in/ecosystem
Kerala provides the best startup ecosystem to start the business and grow.Kerala Startup Mission provides a ‘Unique ID’ for startups. Unique ID will help startups to get identified with a single code which can be used in all correspondence of the startup. This ID will help startups to get identified from the single search option provided in the KSUM portal. Any stake holder from the Startup Ecosystem from across the world will be able to quickly go through the profile of the startup.
Unique ID format : DIPP Number/Registered Year/KSUM ID
Who are eligible to be a recognised startup
- The Startup should be incorporated as a private limited company or registered as a partnership firm or a limited liability partnership
- Turnover should be less than INR 100 Crores in any of the previous financial years
- An entity shall be considered as a startup up to 10 years from the date of its incorporation
- The Startup should be working towards innovation/ improvement of existing products, services and processes and should have the potential to generate employment/ create wealth.
- An entity formed by splitting up or reconstruction of an existing business shall not be considered a "Startup"
