Implementing Body:

Electronics & IT/ITeS Start-up Policy (2016-21) by Department of Science & Technology, Government of Gujarat

Support to PDEU IIC:

Support of more than INR 90 Lakh from the Director, ICT and e- Governance, Department of Science and Technology, Government of Gujarat towards capital expenditure and procurement of software for set-up of IT based infrastructure

About the Scheme:

Over the last two decades, a majority of innovations and value creation has centred on application of Information and Communication Technology (ICT). Consistent with the global trend and to nurture entrepreneurship and innovation in the Electronics & IT/ITeS sector, the Government of Gujarat has issued an Electronics & IT/ITeS Start-up Policy with an aim of taking forward Technology and Innovation, in their applied form, for the benefit of mankind and to deliver faster, sustained and inclusive, the entrepreneurial spirit is required to be encouraged.

In view of this ambitious vision, the objectives were laid out under Electronics & IT/ITeS Start-up Policy (2016-21), the Government of Gujarat; and has introduced a “Scheme of assistance for Incubators and Start-ups” which will come into force from the date of issuance of this Government Resolution (GR) and will remain in operation till the operative period of the Tech Start-up Policy.

Assistance for Eligible Startups:

• 100% reimbursement of Stamp Duty and Registration Fee
• Lease Rental Subsidy @INR 15/spft/month
• Interest Subsidy @9% p.a. up to INR 2 Lakh/year
• Patent Assistance @75% of cost up to INR 2 Lakh/patent for domestic patent and INR 5 Lakh patent for international patent
• Bandwidth Subsidy @70% of annual bandwidth charges up to Rs. 20,000 for 2 years
• Skill Certification Grant @of INR 5000 per skill certification per person up to INR 1 Lakh per annum
• Marketing Assistance up to INR 1 Lakh per start-up
• Matching Equity Support Gujarat Venture Finance Limited (GVFL), up to INR 5 Crore, within 6 months of last Funding round raising

Assistance for Eligible Incubators:

Capital Assistance:

• Eligible Incubators will be provided one-time capital assistance for Gross Fixed Capital Investment, excluding cost of land, for setting up an incubator.
• At the rate of 50% subject to a ceiling of INR 50 Lakh.

Procurement of Software:

• Government will support the procurement of key software required for development and testing purposes at incubators attached or associated with educational institutions or universities as a shared facility.
• At the rate of 50% of software cost subject to a ceiling of INR 1 Crore

Operating Assistance:

• Eligible Incubators will be entitled to a matching grant of funds mobilised by them from non-governmental sources. These funds are to be utilised in meeting the expenses to run incubation, acceleration and other programmes of the incubators including the general expenses, salaries and other administrative expenses of running the incubator.
• At the rate of 25% subject to a ceiling of INR 1 Crore per annum.

FOR MORE DETAILS VISIT: DST - GoG