MGUIF Big Idea Competition 2.0 - Idea Grant

For the Idea Grant (Student/Faculty/Any Innovator) at the Ideation, Conceptualization & Designing Stage, Proof of Concept Stage to the Minimum Viable Prototype Development stage.

• For Idea Grant, an innovator should be based in the region of Kerala.
• Open to all Students and Faculty of MGU affiliated Colleges. Those who were associated with MG University two years before also can apply.

For Idea Grant (General Public, any inventors):

• Innovators at stages of Ideation, Conceptualization & Designing Stage, Proof of Concept Stage can only apply.
• Individual, Partnership, Proprietor, Company, LLP, One Person Company (OPC) can apply.

For Idea Grant (Student/Faculty Innovator):

• Student Innovators at stages of Ideation, Conceptualization & Designing Stage, Proof of Concept Stage can only apply.
• Company registration is not mandatory during the application phase.
• Any student innovator based in or out of Kerala could apply, but fund disbursement will be through Kerala Startup Mission sanctioned IEDCs.

Not Eligible:

• No service projects or asset creation will be funded.
• No outsourcing of entire product development activities or any major milestone in outsourcing, purchase of self-services and utilization of the grant for CSR activities will be considered.
• Any of the directors holding more than 20% stake and who has already received any grant from MGUIF for their other companies.
• Those who have availed Idea Grant before for the same team/same product/same idea will not be eligible.