Funding for startups
Startup India Seed Fund Scheme
Financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization
IIMK LIVE – Seed Support fund is a startup seed fund sanctioned by Department of Science and Technology under the scheme NIDHI- Seed Support Fund. (NIDHI-SSS).The primary objective of the IIMK LIVE Seed Support fund is to ensure timely availability of the seed support to the deserving early-stage incubatee startups within IIMK LIVE thereby enabling them to take their venture to next level and facilitate towards their success in the market place.
LIFE (LIVE Innovation Fellowship For Entrepreneurship)
The LIFE program is designed to promote innovation-led entrepreneurship. It provides fellowship awards with subsistence grant to an aspiring or budding entrepreneur of considerable potential for developing technology or business model innovation into a business venture.
Along with the grant awards, it provides pre-incubation support at IIM Kozhikode’s Entrepreneurship Development Center, LIVE and a prestigious forum for deserving innovators to pursue their venturing endeavours mitigating the risks involved in such pursuits.
IIMK LIVE MRPL Seed Fund
IIMK LIVE in association with Mangalore refineries Petrochemicals Funds is offering funding for startups. Funds are envisaged to be seed support assistance for the early stage start-ups and would be limited to a maximum amount of Rs. 25 Lakhs. The funds would be made available as a soft loan or against equity participation as decided by the Funding Review Committee.
LaEve is a joint initiative of Mangalore Refineries and Petrochemicals Ltd., a central public sector enterprise and IIMK LIVE – a Business incubator and Entrepreneurship development centre of Indian Institute of Management Kozhikode - the institute of national importance, to support women entrepreneurs in a comprehensive way.