Three startups mentored by the Kerala Startup Mission (KSUM) have bagged a seed funding of up to Rs 25 lakh each in the India Innovation Growth Programme (IIGP) at New Delhi.
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This would enable them to scale up their operations and accelerate market penetration, a press release said. The Kerala-based startups- Genrobotic Innovations, Irov Technologies and Sastra Robotics- were among the 16 winners, who will also get an opportunity to undergo an incubation process along with mentoring support.
IIGP 2018 edition was a combined initiative of Department of Science and Technology (DST), Government of India, Lockheed Martin, and Tata Trusts. This programme aims to support the Government of India's missions of "Start-up India" and "Make in India." It provides an innovation ecosystem to enable innovators and entrepreneurs to develop technology-based solutions.