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| Type of Benefit | Non-Fiscal |
|---|---|
| Benefit Details | Start-ups registered with the Government of India under the Startup India program, and registered with the cell will be exempted from inspection under the following acts:
However, start-ups will need to confirm compliance based on self certification. |
| Eligibility Criteria | Start-up means an entity meeting the following criterion:
Local start-up means start-up in which at least 50% equity/share is held by one or more Goans continuously since the time of inception. Unless and until explicitly mentioned as a local start-up, start-up herein refers to any entity meeting the conditions detailed above. |
OVERVIEW
| Policy Name | Goa Startup Policy 2017-2025 |
|---|---|
| Website | |
| Policy Document | |
| Nodal Agency | Department of Information Technology |
| Office Address | Department of Information Technology, 2nd Floor IT Hub, Altinho, Panaji, Goa – 403001 |
| Contact Details | Phone Number: : +91 832 2221505, +91 832 2221509 [09:30 hrs to 17:45 hrs IST] Email: spc-dit.goa@gov.in |
INCENTIVES
1
Self - Certification
2
Subsidized Seat Cost
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | The cell would enter into a tie-up with established incubators whowould be admitting start-ups registered with the cell. The start-ups will be selected by the incubators as per their extant admission rules. The Cell will subsidize part of the cost per seat provided by the incubator and the rest would be collected from the start-up. The rate charged per-seat, by the incubator, will be as per agreed terms between the cell and the incubator. |
| Eligibility Criteria | Start-up means an entity meeting the following criterion:
Local start-up means start-up in which at least 50% equity/share is held by one or more Goans continuously since the time of inception. Unless and until explicitly mentioned as a local start-up, start-up herein refers to any entity meeting the conditions detailed above. |
3
Reimbursement of Stamp Duty
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | In case of land/developed area purchased/leased by start-ups/incubators/accelerators, the stamp duty for land/built up area lease/sale transaction for start-ups will not exceed Rs. 100/-, and the excess amount paid to the authorities concerned will be reimbursed. This incentive is available only once in the life time of a Start-up. |
| Eligibility Criteria | Start-up means an entity meeting the following criterion:
Local start-up means start-up in which at least 50% equity/share is held by one or more Goans continuously since the time of inception. Unless and until explicitly mentioned as a local start-up, start-up herein refers to any entity meeting the conditions detailed above. |
4
Interest Subvention
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | A maximum of 3 projects which show immense promise and potential, as recommended by the cell, will be eligible for grant of 30% of a loan interest amount, for the purpose of repayment of the interest component of a loan availed, subject to maximum amount of Rs. 5 lacs per annum, for an initial period of two years only. Other Start-ups can avail an interest repayment grant of 10% of the interest amount of a loan availed, up to Rs. 2 lacs per year, for a period of two years. This amount and grant will be in addition to any other interest subsidy or loan provided under CMRY Scheme. Funds for the same would be provisioned from the Working Capital Fund. |
| Eligibility Criteria | Start-up means an entity meeting the following criterion:
Local start-up means start-up in which at least 50% equity/share is held by one or more Goans continuously since the time of inception. Unless and until explicitly mentioned as a local start-up, start-up herein refers to any entity meeting the conditions detailed above. |
5
Matching Funding
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | Start-ups that raise funds from a registered/recognized funding source prior to the product launch phase will be provided 25% of the matching funds, at proportionate ownership of stock, subsequent to due diligence by and subject to discretion of the cell. Funds for the same would be provisioned from the Idea-to-PoC Fund. |
| Eligibility Criteria | Start-up means an entity meeting the following criterion:
Local start-up means start-up in which at least 50% equity/share is held by one or more Goans continuously since the time of inception. Unless and until explicitly mentioned as a local start-up, start-up herein refers to any entity meeting the conditions detailed above. |
6
One Time Grant for Startups with MVP
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | Start-ups with a promising Minimum Viable Product can get a one timegrant of up-to Rs. 10 lacs, as determined by the cell. Funds for the same would be provisioned from the Seed Capital Fund. |
| Eligibility Criteria | Start-up means an entity meeting the following criterion:
Local start-up means start-up in which at least 50% equity/share is held by one or more Goans continuously since the time of inception. Unless and until explicitly mentioned as a local start-up, start-up herein refers to any entity meeting the conditions detailed above. |
7
One Time Loan for Startups with MVP
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | A onetime loan of up to Rs. 10 lacs, for start-ups that have developed a Minimum Viable Product will be provided. While the loan will be treated as a debt payable by the start-up as per agreed terms, the cell can convert it into a equity of up to a certain percentage of ownership, as determined mutually between the cell and the start-up, at the time of disbursement of the loan. Start-ups availing the One time grant for Startups with MVP, will not be eligible for this fund. The loan amounts would be provisioned from the Seed Capital Fund. |
| Eligibility Criteria | Start-up means an entity meeting the following criterion:
Local start-up means start-up in which at least 50% equity/share is held by one or more Goans continuously since the time of inception. Unless and until explicitly mentioned as a local start-up, start-up herein refers to any entity meeting the conditions detailed above. |
8
Reimbursement of Patent Cost
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | For start-ups registering patents at National and International levels, the cell will reimburse up to 50% of the cost incurred by the start-up concerned in fees and all other costs associated with patent application, if the patent is registered successfully, subject to a cap of Rs. 2 lacs for national patents and Rs. 5 lacs for international patents. Page 13 of 18 Funds for the same would be provisioned from the Research and Development Fund. |
| Eligibility Criteria | Start-up means an entity meeting the following criterion:
Local start-up means start-up in which at least 50% equity/share is held by one or more Goans continuously since the time of inception. Unless and until explicitly mentioned as a local start-up, start-up herein refers to any entity meeting the conditions detailed above. |
9
Reimbursement of Trademark Registration Cost
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | For start-ups that have successfully entered the production/service delivery phase, 50% of the cost of trade-mark registration of their company name and logo, will be reimbursed by the cell. Funds for the same would be provisioned from the One-time Grant Fund. |
| Eligibility Criteria | Start-up means an entity meeting the following criterion:
Local start-up means start-up in which at least 50% equity/share is held by one or more Goans continuously since the time of inception. Unless and until explicitly mentioned as a local start-up, start-up herein refers to any entity meeting the conditions detailed above. |
10
Reimbursement for Local Employment
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | For start-ups hiring local talent, 50% of the salary of freshers will be reimbursed, subject to a cap of Rs. 10,000 per month per recruit. Freshers for the purpose of this incentive provision are defines as professionals who have completed their graduation in the last two years. For start-ups whose work force comprises of 60% of locals, a matching grant of up to 25% of salary of the local workforce will be reimbursed. Funds for the same would be provisioned from the Working Capital Fund. |
| Eligibility Criteria | Start-up means an entity meeting the following criterion:
Local start-up means start-up in which at least 50% equity/share is held by one or more Goans continuously since the time of inception. Unless and until explicitly mentioned as a local start-up, start-up herein refers to any entity meeting the conditions detailed above. Fresher’s means IT professionals who have completed their graduation within the stipulated period of study, and not more than two years have elapsed since the completion of study. |
11
Operating Cost Reimbursement
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | For start-ups that operate from their own premises or rented premises, and do not use the Government developed facilities, cost towards internet connectivity, software license fees, and cloud services fee, will be reimbursed subject to a maximum limit of Rs. 1,00,000 per quarter. Funds for the same would be provisioned from the Working Capital Fund. For such start-ups lease rental subsidy of up to Rs. 20 / square feet per month, will be provided for a period of two years. This is applicable only for local start-ups. This incentive is subject to a cap of Rs. 3 lacs per annum. |
| Eligibility Criteria | Start-up means an entity meeting the following criterion:
Local start-up means start-up in which at least 50% equity/share is held by one or more Goans continuously since the time of inception. Unless and until explicitly mentioned as a local start-up, start-up herein refers to any entity meeting the conditions detailed above. |
12
R&D Expense Reimbursement
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | In order to promote innovation amongst the Goan start-ups, 50% of R&D expenses, including salaries of Ph.D holders employed by startups will be reimbursed for a period of two years, subject to a cap of Rs. 5 lacs per annum. Salary component must not be in excess of Rs. 2 lacs of this incentive. Funds for the same would be provisioned from the Research and Development fund. |
| Eligibility Criteria | Start-up means an entity meeting the following criterion:
Local start-up means start-up in which at least 50% equity/share is held by one or more Goans continuously since the time of inception. Unless and until explicitly mentioned as a local start-up, start-up herein refers to any entity meeting the conditions detailed above. |
| Application Procedure | In order to avail the benefits under this particular scheme, a separate application must be made to the cell and a prior-approval needs to be obtained. |
1
Loan for Infrastructure Development
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | Development of green field / brown field incubators and accelerators with dedicated facilities either in the form of fully functional or semi functional office spaces for start-ups operating in the areas listed under paragraph (e) of the preamble, would be eligible for loans for infrastructure development through the Economic Development Corporation or banks, equalling the contribution of the promoters, subject to a cap of Rs. 1 Crore. |
1
Internet Subsidy
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | Institutes registered with the cell and providing courses at pre-fixed rates, will be provided internet subsidy (up to Rs. 5 lacs per year). Funds for the same would be provisioned from the Skill Development Fund. |
| Eligibilty Criteria | Institutes registered with the celland providing courses at pre-fixed rates. |
2
Power Subsidy
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | Institutes registered with the cell and providing courses at pre-fixed rates, will be provided power subsidy (up to Rs. 1 lac per year). Funds for the same would be provisioned rom the Skill Development Fund. |
| Eligibility Criteria | Institutes registered with the cell and providing courses at pre-fixed rates. |
3
Capital Investment Reimbursement
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | Institutes registered with the cell and providing courses at pre-fixed rates, will be provided 25% capital investments reimbursement (on all capital procurement for a period of two years). Funds for the same would be provisioned from the Skill Development Fund. |
| Eligibility Criteria | Institutes registered with the cell and providing courses at pre-fixed rates. |
4
Salary Cost Subsidy
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | Institutes registered with the cell and providing courses at pre-fixed rates, will be provided 10% salary cost subsidy for a period of two years. Funds for the same would be provisioned from the Skill Development Fund. |
| Eligibility Criteria | Institutes registered with the cell and providing courses at pre-fixed rates. |
1
Educational Grant
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | Selected educators/fellows would be sent to centres ofexcellence within the country and abroad to undertake summer school and short term training programs to further their learning in their area of specialization. The Department of IT will endeavour to set-up Centres of Excellence/Advanced Maker Labs, in the technologies outlined above, in select technical educational institutes. Such selected educators/fellows will be required to function as Master Trainers/Principal Mentors to students and student start-ups that would be incubated in such facilities. The educators/fellows upon selection would receive an educational grant of Rs. 10 lacs per year, for a period of five years. |
| Eligibility Criteria | The cell would run a technology fellowship program to identify technology educators in technical educational institutes under Goa University who are keen to further their expertise in the following areas:
|
2
Patent Grant
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | In cases where educators/fellows generate and get any business and value driven patents registered, in her/his area of specialisation, either through individual research or in collaboration with students, such fellows shall be eligible to receive a patent specific grant of upto Rs. 15 lacs, subject to certification by the cell. Funds for the same would be provisioned from the Student Innovation Fund. |
| Eligibility Criteria | The cell would run a technology fellowship program to identify technology educators in technical educational institutes under Goa University who are keen to further their expertise in the following areas:
|
