Scheme for assistance for Start Ups/ Innovation: Pre- Series A Funding
At a Glance
Scheme Category
Business & Entrepreneurship,Setting up / start-up / entrepreneurship
Target Beneficiaries
Business Entity,Industries
Brief Description
The "Scheme for Assistance for Start Ups/ Innovation" under the Gujarat Industrial Policy, aims to drive economic growth by generating jobs, fostering competition, and introducing next-gen solutions.
Benefit Type
Cash
Eligibility Criteria
- Any individual or group of individuals with an innovative idea or concept, recommended by an approved Nodal Institution, is eligible. - The scheme is open to startups in any sector or branch of science, technology, engineering, agriculture, healthcare, etc., making it sector-agnostic. Note: Startups availing benefits under the Student Startup and Innovation Policy (SSIP) are also eligible.
Application Mode
Online
Application Process
> Registration Process: Step 1: Visit the <nis:link nis:type=webUrl nis:id=slugId nis:text="online portal" nis:value=https://startup.gujarat.gov.in/home nis:enabled=true/> and click on the "Register" button, located at the top right corner. Step 2: Enter Email ID and click on Next button. Verify the details and click on "Submit" to get registered on portal. Step 3: Upon login, fill in the details on Common Application Form. Click on "Sign Up". > Application Process: Step 1: Visit the <nis:link nis:type=webUrl nis:id=slugId nis:text="online portal and c" nis:value=https://startup.gujarat.gov.in/home nis:enabled=true/>lick on Login button. Enter Registered Email ID and Password and click on the "Sign In" button Step 2: In "Dashboard" section fill in all the required details. Step 3: Click on Apply Now Icon located at Dashboard of User. Step 4: From the list Select the Scheme and Fill the Application details. > Contact Us: 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 icstup@gujarat.gov.in
Required Documents
- Proof of startup registration (Startup India or equivalent).
- Recommendation letter from a Nodal Institution.
- Business proposal document with innovative idea details.
- Financial documents, including projected revenue and funding requirements.
- A declaration of non-availment of incentives under other schemes (except SSIP, if applicable).
- Any other documents (If required).
FAQs
What is the objective of the "Scheme for Assistance for Start Ups/ Innovation"?
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.
What is "Pre-Series A Funding"?
Pre-Series A funding is a financial mechanism that supports startups during the phase after commercialization but before they achieve significant market traction.
Which startups are eligible for this funding?
Startups with innovative ideas, recognized by an approved Nodal Institution, and those that have received seed support under government schemes are eligible for this funding.
Is the funding scheme limited to specific sectors?
No, the scheme is sector-agnostic and supports innovative projects in all industries, including science, technology, healthcare, agriculture, and more.
Can a startup receive benefits from multiple government schemes?
Startups availing incentives under other government startup schemes, except the Student Startup and Innovation Policy (SSIP), are not eligible for this funding.
Are startups formed by splitting or reconstructing existing businesses eligible?
No, entities formed by splitting up or reconstructing an existing business are not eligible for this funding.
What role do Nodal Institutions play in the funding process?
Nodal Institutions are responsible for evaluating, validating, and recommending startup proposals to the Industries Commissioner’s Office for further scrutiny and approval.
Are startups in the student category eligible to apply?
Yes, startups availing benefits under the Student Startup and Innovation Policy (SSIP) are eligible for this funding.
Who provides the final approval for the funding?
The final approval is provided by the State Level Empowered Committee (SLEC) after due diligence and scrutiny.