Scheme for Assistance to Startup

Scheme for Assistance to Startup – Gujarat

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


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.’

Online Application

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.

Other Related Guides

UCO Mahila Pragati Dhara UCO Mahila Pragati Dhara (UMPD) UCO Mahila Pragati Dhara is designed to support and give power to women entrepreneurs by offering easy financial assi...
Khadi Institutions Registration and Certification ... Khadi Institutions Registration and Certification Seva (KIRCS) In order to encourage the Khadi industry in the country, the Ministry of MSME through ...
Kerala Technology Startup Policy Kerala Technology Startup Policy The talented youth of Kerala have been in pursuit of better career options outside their own State and have gone ahe...
Financial Assistance for Research & Developme... Financial Assistance for Research & Development in India Innovation and development is a vital driver of economic growth and stability, usherin...
Coir Vikas Yojana (CVY) Coir Vikas Yojana (CVY) Coir Vikas Yojana (CVY) is a scheme initiated by Coir Board that functions under the Ministry of Micro, Small, and Medium Ent...

Post by Sivaramakrishnan

IndiaFilings is India's largest online compliance services platform dedicated to helping people start and grow their business, at an affordable cost. We were started in 2014 with the mission of making it easier for Entrepreneurs to start their business. We have since helped start and operate tens of thousands of businesses by offering a range of business services. Our aim is to help the entrepreneur on the legal and regulatory requirements, and be a partner throughout the business lifecycle, offering support at every stage to ensure the business remains compliant and continually growing.