One of our startups Hyreo has won a government grant of 12 Lakhs from Kerala Startup Mission. Hyreo was a participant in the ‘Idea Day’ event hosted by Kerala Startup Mission (KSUM) on 22 December 2017.
KSUM’s ‘Idea Day’ program is designed for Kerala based startups to showcase their innovative ideas or products to industry veterans and experts and an unique opportunity to win Kerala Government Grant for Innovation. The process is done via an application, shortlisting and presentation stage with each category winners awarded grants ranging from INR 2 lakhs to INR 12 lakhs based on the stage of the startup. The themes for the ‘8th IDEA DAY’ event held on December 22 were Hardware & IOT, ERP, Platforms & Aggregators, Blockchain, AR/VR and AI.
Hyreo participated in the Platforms and Aggregators category (Scale-Up stage) and were among the 12 final participants for presentation in the category. They were able to convince the expert panel about the commercial feasibility of the concept and won a grant of 12 lakhs (maximum possible).