Scheme for Assistance to Startup - Gujarat

The State Government of Gujarat has strongly focused not only embedding of employability but also initiating the Startups Incubators/ Centres for developing entrepreneurial skills among youth. Hence the Government has introduced a financial assistance policy to support the innovation and entrepreneurship in State, especially for startups. In this article, we look at the scheme benefits, eligibility, and application procedure of Scheme for Assistance to Startup in Gujarat.

Benefits of Financial Assistance

Assistance for Innovation

Under this scheme Rs. 10,000 per month will be provided to the innovator as sustenance allowance for one year.
Startups mentored will get financial assistance up to Rs. 5 lakh annually.
The cost of raw material/components and other related equipment for the innovative process will get financial assistance up to Rs. 10 lakh as per the approval of the screening committee.
An institution will support the innovator by providing mentor services.
The innovator can visit the institution to use facilities designated for startups.
As per the Government approval, a selected innovator will get free access to University/Libraries/Government Laboratories/ CoE/SDCs/PSUs to clarify his innovative concept/ideas.

Eligibility Criteria

To avail financial assistance under the scheme, the eligibility criteria are defined for any individual/ group of individuals having an innovative idea/ concept. Universities/education institutions, Incubation Centre/PSUs/R&D Institutions/Private and other establishments are eligible as an institution to assist and mentor to innovators.

Application Procedure

Step 1: Please visit the home page StartUP of Gujarat Homepage

Step 2: Move the cursor to the option "ECOSYSTEM" where you should click on "About Scheme" option. Scheme Page

Step 3: On the next page click on " Online Application Form" option as mentioned below the title 'Innovators.'

Step 4: Then fill up the online application form and submit your details. Online Application Submission

Once you have applied, an Internal Review Committee of GUSEC (Gujarat University Startup and Entrepreneurship Council ) will do an initial screening of the application. Then the applicant should be presented in front of GUSEC Scrutiny Committee. The Scrutiny Committee will endorse and recommend the startup funding to the State Government, which will disburse the requisite funds.

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Frequently Asked Questions

Common questions about Startup Assistance Scheme in Gujarat: Financial Support Overview.

The Scheme for Assistance to Startup in Gujarat is a financial assistance policy introduced by the State Government of Gujarat to support innovation and entrepreneurship, especially for startups.

Any individual or group of individuals having an innovative idea or concept, as well as universities, educational institutions, incubation centers, PSUs, R&D institutions, private establishments, and other entities that assist and mentor innovators, are eligible for financial assistance under this scheme.

Under this scheme, innovators will receive a sustenance allowance of Rs. 10,000 per month for one year. Additionally, the cost of raw materials, components, and other related equipment for the innovative process will be financially supported up to Rs. 10 lakh, as approved by the screening committee.

Startups mentored under this scheme will receive financial assistance of up to Rs. 5 lakh annually. They will also have access to mentorship services from institutions, as well as the facilities designated for startups at these institutions.

As per the Government's approval, selected innovators will get free access to university libraries, government laboratories, Centers of Excellence (CoE), Skill Development Centers (SDCs), and Public Sector Undertakings (PSUs) to clarify their innovative concepts or ideas.

To apply for the scheme, visit the StartUP of Gujarat website, navigate to the "ECOSYSTEM" section, and click on the "Online Application Form" option under the "About Scheme" section. Fill out the online application form and submit your details.

After submitting the application, an Internal Review Committee of GUSEC (Gujarat University Startup and Entrepreneurship Council) will conduct an initial screening. The applicant will then be presented in front of the GUSEC Scrutiny Committee, which will endorse and recommend the startup funding to the State Government for disbursement.

Yes, the cost of raw materials, components, and other related equipment for the innovative process will receive financial assistance up to a maximum of Rs. 10 lakh, subject to the approval of the screening committee.

Yes, the innovator can visit the institution that is supporting and mentoring them to use the facilities designated for startups.

Yes, innovators will receive a sustenance allowance of Rs. 10,000 per month for a period of one year under this scheme.