icstup@gujarat.gov.in
079-23252588 / 1800-233-0616
| Type of Benefit | Fiscal | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Benefit Details | Eligible startups shall be provided interest subsidy of 8% per annum for a period of 3 years on the rate of interest paid on loans obtained from scheduled banks/financial institutions subject to a maximum limit of Rs. 4 lakhs per year. |
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| Eligibility Criteria | Entrepreneurs/startups running in the incubators need to be registered as company or under MSME Act, Govt of India before availing incentives. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Application Procedure | Apply to Nodal Agency. |
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | Rs. 10,000/- per month will be provided to the innovator as sustenance allowance for one year. |
| Eligibility Criteria | Any individual/group of individuals having innovative idea/Concept will be eligible whose project is recommended and approved by institution’s Screening Committee. |
| Application Procedure |
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2
Infrastructure Assistance
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | Innovators can use facilities available in the recognised institutions for startups |
| Eligibility Criteria | Any individual/group of individuals having innovative idea/Concept will be eligible whose project is recommended and approved by institution’s Screening Committee. |
| Application Procedure |
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3
Mentoring Assistance
| Type of Benefit | Non-Fiscal |
|---|---|
| Benefit Details |
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| Eligibility Criteria | Any individual/group of individuals having innovative idea/Concept will be eligible whose project is recommended and approved by institution’s Screening Committee. |
| Application Procedure |
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4
Marketing Allowance
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | Marketing/publicity assistance of up to Rs. 10.00 lakhs will be provided for the introduction of innovative product in the market. |
| Eligibility Criteria | Any individual/group of individuals having innovative idea/Concept will be eligible whose project is recommended and approved by institution’s Screening Committee. |
| Application Procedure |
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1
Sustenance Allowance
| Type of Benefit | Fiscal | ||||||||||||||||||||||||
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| Benefit Details | Eligible incubators shall get the support for recurring expenses as operational assistance upto 50% of actual expenses to the limit of Rs. 5 lakhs per year. |
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| Eligibility Criteria | The host institute in quest of grant from state government to set up incubators has to be registered with the nodal agency. |
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | Up to Rs. 5 Lakhs assistance will be provided to the institution for mentoring service annually. |
| Eligibility Criteria | Universities/education institutions, Incubation Centre/PSUs/R&D Institutions/Private and other establishments will be eligible as an institution to support and mentor to innovators as approved by Committee. |
| Application Procedure |
|
2
Infrastructure Assistance
| Type of Benefit | Fiscal | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Benefit Details | Eligible Host institutes shall be provided capital grant of max 50% of Fixed cost of Investment (Investment made in plant, machinery & equipment but shall exclude land and building) for setting up an incubator, subject to a maximum of Rs. 50 Lakhs. The same limit shall be extended to existing incubators for capacity expansion subject to capacity utilization of the existing incubator for 2 years. |
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| Eligibility Criteria | The host institute in quest of grant from state government to set up incubators has to be registered with the nodal agency. | ||||||||
| Application Procedure | Apply to Nodal Agency. |
| Type of Benefit | Fiscal |
|---|---|
| Benefit Details | Up to Rs. 10.00 Lakhs assistance will be provided for Cost of Raw Material/Components & other related equipment required for the innovative process for the new product development |
| Eligibility Criteria | Universities/education institutions, Incubation Centre/PSUs/R&D Institutions/Private and other establishments will be eligible as an institution to support and mentor to innovators as approved by Committee. |
| Application Procedure |
|
3
Document checklist for registering as Institution
- Registration details of institute (Copy of Memorandum & Article of Association/Partnership deed/ Regn. Under society Act and others if any)
- In case of CSIR/DSIR approved institutions, copy of registration with CSRIR/DSIR/Others.
- Detail profile of Institutions
- Annual audit report of Nodal Institutions for last 2 years
- Details of facilities (Building/instruments/Infrastructure/Manpower) available with institute
- Detail CV of all Innovators Viz. Name, Address, Qualification (Brief Resume of all Innovators)
- Name and Address of Industrial Unit/Institute (In case the innovation is proposed to be undertaken in the location other than Nodal Institute)
- EM / IEM Copy (Where ever applicable)
- Name address of University/Laboratory/CoE/PSU’s for the use of facility
