.jpg)
| Type of Benefit | Non-Fiscal and Fiscal |
|---|---|
| Benefit Details | Startups will be exempt from licensing/registration required for operations under various State Acts for a period of 5 years. However, Statutory licenses (such as Drug License, FSSAI, Building Plan, Fire Fighting) shall be required to be obtained by the startup if its nature of business/activity may lead to potential threat to life and safety, in such cases the government shall bear the cost of the license(s). |
| Eligibility Criteria | Startups have to be certified by the Nodal Agency. |
| Application Procedure | Self Declaration shall be submitted by Startups annually as per the format prescribed by State Government. |
OVERVIEW
| Policy Name | Bihar Startup Policy 2017-2022 |
|---|---|
| Website | Startup Bihar |
| Policy Document | Download here |
| Nodal Agency | Department of Industries |
| Office Address | Department of Industries, Govt. of Bihar, 2nd Floor, Vikas Bhavan, Balley Road, Patna - 800 015 |
| Contact Details | Email Address: startup.care@bihar.gov.in | Phone Number: +91-612-2547695 |
INCENTIVES
1
Self-Certification
2
Market Preference to Startup
| Type of Benefit | Non-Fiscal |
|---|---|
| Benefit Details | Startups should be given preference by the State Government Departments/PSUs in the procurement process for products/services. |
3
Reserved and Free of cost space
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | State Government shall allot 10% of spaces in forthcoming industrial parks, SME Clusters and Hub for Startups/lncubators/ Common Shared Infrastructure on preference.Common infrastructure spaces shall be established either by Government or through PPP mode. This support shall be available on Free of Cost (FOC)basis to Startups for a period of 3 years. |
| Eligibility Criteria |
|
4
Seed Grant at validation Stage
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | A seed grant of upto Rs. 10 lakh per startup as an interest free loan will be given to Startups by the State Government for a period of 10 years. The financial assistance shall be provided to startups for validation of idea, prototype development, assistance towards travelling costs and carrying out field/ market research/ skill tralnlng/ marketing and initial activities to setup a startup etc. The Financial Assistance will only be given to the Startup on achieving milestones and performance parameters as defined by the Incubation Center and the Trust (Nodal Agency of the State). |
| Eligibility Criteria |
|
| Application Procedure |
|
5
Valuation services at commercialization stage
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | Services for valuation of company shall be provided to startups free of cost. |
| Eligibility Criteria |
|
| Application Procedure | Contact Startup Bihar |
6
Success Fee for Fundraising
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | If Startups have successfully mobilized investments from State registered Angel Investors, then the State Government will give a success fee of 2% of the investment to the Startup. |
| Eligibility Criteria |
|
| Application Procedure |
|
7
Matching Loan
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | A financial assistance equal to the amount invested in the startup by the Angel Groups and Category I Alternate Investment Funds shall be given as loan to the Startup. The rate of interestand terms and conditions of the loan shall be notified by the Trust from time to time. |
| Eligibility Criteria |
|
| Application Procedure |
|
8
Zero Patent Filing Cost
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | The State Government will bear all costs associated with the filing of domestic patents and reimburse the filing fees for awarded foreign patents. |
| Eligibility Criteria |
|
| Application Procedure |
|
9
Incentives for Women/SC/ST/Differently Abled
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | Entrepreneurs will avail additional grant/exemption/subsidy other than the limit fixed under the above clauses of the policy.
|
| Eligibility Criteria | Incentives shall solely be applicable to startups which are fully owned by anyone person of this category or a group /mix of the person defined in this category only. |
| Application Procedure |
|
1
Incubation Cost Reimbursement
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | Incubators will be reimbursed the cost of incubating a startup, with a maximum limit of Rs. 2 lakh per incubatee. |
| Eligibility Criteria | Incubator should be a Government Recognized Private Incubator or State Supported Incubator. |
| Application Procedure | Contact Startup Bihar |
2
Incentive for Successful Fundraising of Incubatee
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | Incubators will receive a fiscal incentive of 2% of the investment received by the incubatee from SEBI registered AIFs (Alternate Investment Funds). |
| Eligibility Criteria | Incubator should be a Government Recognized Private Incubator or State Supported Incubator. |
| Application Procedure | Contact Startup Bihar |
3
Grant For Promoting Technology Based (IPR) Startups
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | Incubators will be reimbursed the cost of incubating a startup, with a maximum limit of Rs. 2 lakh per incubatee.Incubators will receive a fiscal incentive of 3% of the investment received by the incubatee from SEBI registered AIFs (Alternate Investment Funds) or Grant received from Government of India for promoting technology based (IPR) startups. |
| Eligibility Criteria | State supported Incubators |
| Application Procedure | Contact Startup Bihar |
4
Grant For Promoting Social Sector Startups
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | Incubators will receive a fiscal incentive of 5% of the investment received by the incubatee from SEBI registered AIFs (Alternate Investment Funds) for promoting startups in social sectors that provide solutions in areas like health, education and nutrition. |
| Eligibility Criteria | State supported Incubators |
| Application Procedure | Contact Startup Bihar |
5
Matching Grant
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | Incubators will be reimbursed the cost of incubating a startup, with a maximum limit of Rs. 2 lakh per incubatee.The State Government will match the funding raised by the incubator(s) from either the Government of India, Multilateral donor agencies or both on a 1:1 basis on the same terms and conditions. |
| Eligibility Criteria | Incubator should be a Government Recognized Private Incubator or State Supported Incubator. |
| Application Procedure | Contact Startup Bihar |
1
State Contribution in Fund
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | The Trust may participate in SEBI registered AIFs (Alternate Investment Funds) and Venture Capital Funds, upto 25% as Limited Partner. The so created Venture Capital Fund shall invest at least 50% (i.e. equal to twice the contribution made by trust in the VC Fund) into Bihar based Startups. |
| Eligibility Criteria |
|
| Application Procedure | Contact Startup Bihar |
