Kerala Startup Mission or KSUM in association with Zone Startups India has launched ‘Kerala Accelerator Program’, to promote revenue making startups across the country.
The Kerala Accelerator Program will be a three-month virtual accelerator programme commencing on February 5 comprises a mix of live and virtual mentoring sessions, including visits by mentors to Thiruvananthapuram and Kochi to interact with the participants.
There will be weekly reviews, customer interactions and an end-of-programme ‘demo day’ with investors. Selected start-ups will attend a residential program in Bengaluru and Mumbai from February 12 to 16, reports TOI.
While startups from other states will have to pay a programme fee of Rs 1 lakh, companies from Kerala are eligible for a 90% scholarship from Kerala Startup Mission to attend the programme.
The last date for application is Thursday (January 18). The travel and accommodation for selected startups will be sponsored as part of the program. Interested startups can apply through the official website.
Kerala Startup Mission (KSUM) is a nodal agency of the state government. On the other side, Zone Startups India is an arm of Zone Startups, a global brand of early-stage tech accelerators and venture funds operated by Toronto, Canada-based Ryerson Futures Inc.
Last month, KSUM announced that it will provide a financial assistance Rs 2.65 Cr to 31 startups and student teams from all over the state, who presented at KSUM’s 8th edition of Grand Idea Day.
Earlier, the Kerala government had announced to create a fund-of-funds for startups and will also roll out invitations to investors to support young companies from the state.