“Grant for Incubation Centers within Educational Institutes Scheme” is for the educational institutes in Goa, affiliated with a recognized public university. They can avail of a one-time grant towards capital expenses for setting up an incubator within their institute campuses.
“Grant for Incubation Centers within Educational Institutes Scheme” is for the educational institutes in Goa, affiliated with a recognized public university. They can avail of a one-time grant towards capital expenses for setting up an incubator within their institute campuses.
The scheme “Grant for Incubation Centers within Educational Institutes Scheme” is a scheme by the Department of Information Technology, Electronics and Communications, Government of Goa, for the Startups of Goa. Through this scheme, the educational institutes in Goa, affiliated with a recognized public university, can avail of a one-time grant towards capital expenses for setting up an incubator within their institute campuses.
1. All educational institutes in Goa, affiliated with a recognized public university, can avail of a one-time grant of up to ₹ 10,00,000 towards capital expenses, for setting up of an incubator within their institute campuses.
1. The educational institutes with existing incubation facilities can also avail of the grant for capital expenses for further expansion of incubation facilities.
1. The maximum number of institutes to avail of this benefit cannot exceed 15 per year.
1. The educational institutes with existing incubation facilities will also be provided with a grant of up to ₹ 3,00,000 per year, for a period of three years, towards operational expenses.
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> Relaxation / Preference / Priority
The preference will be given to well-performing applicants.
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NOTE 1: The institutes claiming the benefits under this scheme cannot restrict the incubation facilities only to the students of their institute.
NOTE 2: Under no circumstance shall the benefits under this scheme be considered an entitlement. The SPC shall reserve the sole right to accept or reject applications.
NOTE 3: For the purpose of determining eligible expenses towards capital expenses, Accounting Standard 102 for Fixed Assets by the Institute of Cost Accountants of India would be used.
Step 1: Online — Step 1
Visit the Official Website of Goa Startup Mission.
Step 2: Online — Step 2
Verify your Email ID and Mobile Number using OTP. You will be redirected to the Registration Page.
Step 3: Online — Step 3
On the Registration/Signup Page, fill in all the mandatory fields of the registration form (Country, Name, Date of Birth, Address, PIN Code, Gender, etc.).
Step 4: Online — Step 4
Create a Login Name and a strong Password (Password can have special characters like @ # $ % ^ & + =).
Step 5: Online — Step 5
Carefully read the Declaration and the Terms & Conditions, and tick the checkboxes.
Step 6: Online — Step 6
Fill in the Captcha Code, and click "Register/Signup".
Step 7: Online — Step 7
Login to the website using your Login Name and Password. Fill in the Captcha Code, and click "Login".
Step 8: Online — Step 8
Navigate to the online application form for the relevant scheme.
Step 9: Online — Step 9
In the application form, fill in all the mandatory fields and upload all the mandatory documents (self-attest if required).
Step 10: Online — Step 10
Submit the application and note the application reference number for application tracking. <br> OR <br>
Step 1: Online — Step 1
Take a print of the proforma of the application form. Fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attest if required).
Step 2: Online — Step 2
Submit the duly filled and signed application form along with the documents to SPC via Email at [email protected] <br> NOTE: The applicant can apply for this scheme at any time of the financial year but only within 6 months of incurring the relevant expenditure. <br> > Notification The applications received by the SPC shall be evaluated and approval or rejection shall be notified within 45 days from receipt of the application by the SPC.
All educational institutes in Goa, affiliated to a recognized public university, are eligible to avail the one-time grant.
Educational institutes can receive a one-time grant of up to INR 10 lakh for capital expenses.
Yes, institutes with existing incubation facilities can apply for the grant to expand their incubation facilities.
Yes, a maximum of 15 institutes can avail this benefit in a year.
No, institutes cannot restrict the use of incubation facilities only to their students.
Institutes with existing incubation facilities can receive a grant of up to INR 3 lakh per year for a period of three years towards operational expenses.
Preference will be given to well-performing applicants for operational expenses.
No, the benefits under this scheme should not be considered an entitlement. The Start-up Promotion Cell (SPC) has the sole right to accept or reject applications.
The bank account of the Principal/Director of the institute should be linked to Aadhaar.
Eligible expenses towards capital expenses are determined using Accounting Standard 102 for Fixed Assets by the Institute of Cost Accountants of India.
Educational institutes need to submit the application form and requisite documents to the SPC. The SPC will evaluate and approve or reject the claims within 45 days, and the approved amount will be disbursed within 60 days from the date of approval.
Yes, only educational institutes applying within the first 3 years of the policy period will be considered for a one-time grant.
Applications are accepted only on the official government portal.
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