The scheme “Co-Working Space/ Incubators/ Accelerators Subsidy Scheme” is a scheme by the Dept. of Information Technology, Electronics and Communications, Govt. of Goa, for the Startups of Goa. Through this scheme, the startups will be reimbursed a fixed amount for the seats occupied by them.
Co-Working Space/ Incubators/ Accelerators Subsidy Scheme - Introduction
The scheme “Co-Working Space/ Incubators/ Accelerators Subsidy 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 startups will be reimbursed a fixed amount for the seats occupied by them at co-working spaces/ incubators/ accelerators listed by the Startup Promotion Cell (SPC).
Benefits
- The startup will be reimbursed 50% of the seat cost or a maximum benefit of ₹3000 per seat, and can claim this benefit for a maximum cap of 8 seats only.
- The benefits at co-working spaces can be availed for a maximum period of two years per startup.
- A total of 100 seats in co-working will be subsidized under this scheme each year.
- The startup will be reimbursed 50% of the seat cost or a maximum benefit of ₹5000 per seat, and can claim this benefit for a maximum cap of 8 seats only.
- The benefits at incubators can be availed for a maximum period of one year per startup.
- A total of 50 seats in incubators will be subsidized under this scheme each year.
- The startup will be reimbursed 50% of the seat cost or a maximum benefit of ₹6000 per seat, and can claim this benefit for a maximum cap of 8 seats only.
- The benefits at accelerators can be availed for a maximum period of three months per startup.
- A total of 50 seats in accelerators will be subsidized under this scheme each year.
NOTE 1: For certain deserving startups determined through the internal guidelines of the SPC, the SPC may choose to reimburse up to 100% of the amount paid to co-working, incubator, or accelerator by the startups.
NOTE 2: The reimbursement in this scheme can be claimed on any of the plans offered by the co-working spaces, incubators, or accelerators listed by the SPC.
NOTE 3: Under no circumstance shall the benefits under this scheme be considered an entitlement.
Eligibility
- The startup should be certified by the Startup Promotion Cell (SPC).
- All the startups have to pay digitally to co-working spaces/ incubators/ accelerators listed by the SPC. In case digital payments are not possible, then it shall be up to the decision of SPC as per its guidelines to admit the expenditure.
- The bank accounts of the startups should be linked to Aadhaar.
Application Process
- Step 1: Take a print of the goa.gov.in of the application form. Fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attest if required).
- Step 2: Submit the duly filled and signed application form along with the documents to SPC via Email at [email protected]
NOTE: The applicant can apply for this scheme at any time of the financial year after incurring the relevant expenditure. The applicant can avail the benefits of this scheme bi-annually/ annually.
Evaluation Process
- Step 1: On receipt of the complete application, the SPC shall inspect and verify the contents of the application. Based on the received documents, SPC will scrutinize and perform necessary due diligence on the expenses incurred.
- Step 2: The SPC shall recommend the application for the sanction of reimbursement of the costs.
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.