Scheme or assistance for Start Ups/ Innovation: Assistance to Startups having a Significant Impact on Society

Description
The "Scheme for Assistance for Start Ups/ Innovation" is an umbrella scheme launched by the Industries and Mines Department, Gujarat under the Gujarat Industrial Policy. Effective from August 7th, 2020 to August 6th, 2025, it aims to drive economic growth by generating jobs, fostering competition, and introducing next-gen solutions. The component "Assistance to Startups having a Significant Impact on Society", provides financial assistance to startups that are developing innovative projects with a significant social impact.

Exclusions
• Entities formed by splitting or restructuring an existing business are not considered startups under this scheme.
• Startups availing benefits under other startup schemes of the Government of Gujarat are ineligible.

Definitions
Startups (For The Purpose Of This Scheme)
(Source: https://ic.gujarat.gov.in/documents/commondoc/2020/13-GR_02092020.pdf)

Innovative Project
(Source: https://ic.gujarat.gov.in/documents/commondoc/2020/13-GR_02092020.pdf)

Mentor
(Source: https://ic.gujarat.gov.in/documents/commondoc/2020/13-GR_02092020.pdf)

Nodal Institution
(Source: https://ic.gujarat.gov.in/documents/commondoc/2020/13-GR_02092020.pdf)

Benefits
• **Financial Support:** Up to ₹10,00,000/- assistance is provided for innovative projects which have a significant impact on society,

Eligibility Criteria
1. - Any individual or group of individuals with an innovative idea or concept, recommended by an approved Nodal Institution, is eligible.
2. - The scheme is open to startups in any sector or branch of science, technology, engineering, agriculture, healthcare, etc., making it sector-agnostic.
3. > **Note:** Startups availing benefits under the Student Startup and Innovation Policy (SSIP) are also eligible.

Application Process
Step 1: Startup Gujarat Cell
Office of Industries Commissionerate
Block No: 1, 3rd Floor, Udhyog Bhavan, Sector: 11, Gandhinagar - 382010 Gujarat, INDIA.
079-23252588 / 1800-233-0616
[email protected]
Online

Startup Gujarat Cell
Office of Industries Commissionerate
Block No: 1, 3rd Floor, Udhyog Bhavan, Sector: 11, Gandhinagar - 382010 Gujarat, INDIA.
079-23252588 / 1800-233-0616
[email protected]

Required Documents
• Pitch presentation with following details:
• Social issue that a startup intends to address
• Mission of the startup
• Vision of the startup
• Description of product/ service
• How does it work?
• Tentative action plan for the next 3-5 years
• Details of the stakeholders benefited from the social impact generated by the startup
• Describe measurable social impact generated by the startup. You must support it with photographs, interviews/testimonials of stakeholders/beneficiaries, recognitions or achievements etc.
• Describe non-measurable social impact generated by the startup. You must support it with photographs, interviews/testimonials of
• stakeholders/heneficiaries recognitions or achievements etc.
•  Technical feasibility/ product testing report / certification (if any)
•  Financial feasibility report / certification (if any)
•  Evaluation matrix by Nodal Institution
•  Recommendation form by Nodal Institution (revised format is attached for reference)
•  Undertaking

Frequently Asked Questions
Q: What is the objective of the "Scheme for Assistance for Start Ups/ Innovation"?
A: The "Scheme for Assistance for Start Ups/ Innovation" is an umbrella scheme launched by the Industries and Mines Department, Gujarat under the Gujarat Industrial Policy. Effective from August 7th, 2020 to August 6th, 2025, aims to drive economic growth by generating jobs, fostering competition, and introducing next-gen solutions.

Q: What is the objective of the "Assistance to Startups having a Significant Impact on Society" component?
A: The "Assistance to Startups having a Significant Impact on Society" component provides financial assistance to startups that are developing innovative projects with a significant social impact.

Q: Who is eligible to apply for assistance under this scheme?
A: Any startup with an innovative idea or project, which has been recommended by an approved Nodal Institution, is eligible to apply for assistance under this scheme.

Q: What is the maximum amount of financial assistance that can be received?
A: The maximum financial assistance that a startup can receive under this scheme is up to [?]10,00,000/-.

Q: Which sectors can benefit from this financial assistance?
A: The scheme is sector-agnostic, meaning it supports startups in any sector, including science, technology, engineering, agriculture, and healthcare.

Q: Can an entity formed by splitting or reconstructing an existing business apply for this scheme?
A: No, an entity formed by splitting or reconstructing an existing business is not eligible for assistance under this scheme.

Q: Are startups receiving benefits from other Gujarat startup schemes eligible?
A: No, startups that are already receiving incentives under other Gujarat startup schemes, except for the Student Startup and Innovation Policy (SSIP), are not eligible for assistance under this scheme.

Q: What role does the Nodal Institution play in the application process?
A: The Nodal Institution evaluates and validates the startup's proposal before recommending it to the Office of the Industries Commissioner for further scrutiny.

Q: What happens after the Nodal Institution recommends a startup’s proposal?
A: After the recommendation, the proposal is scrutinized by the Office of the Industries Commissioner and then presented to the State Level Empowered Committee (SLEC) for final approval.

Q: What is the State Level Empowered Committee (SLEC)?
A: The State Level Empowered Committee (SLEC) is responsible for giving the final approval and sanction for the startup project proposals.

Q: Can a startup that is part of the Student Startup and Innovation Policy (SSIP) apply for this scheme?
A: Yes, startups that are part of the Student Startup and Innovation Policy (SSIP) are eligible to apply for this scheme and receive assistance.

Q: What are the eligibility criteria for the startup project itself?
A: The startup project must be innovative and have a significant societal impact, irrespective of the sector.

Q: Can a startup in the healthcare sector apply for this scheme?
A: Yes, startups in the healthcare sector are eligible to apply for assistance, provided their project is innovative and has a significant societal impact.