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Business & Entrepreneurship

Scheme For Assistance For Start Ups/ Innovation

The "Scheme for Assistance for Startups / Innovation" has been introduced to encourage R&D and start innovation and entrepreneurship at different levels of the startup cycle. The scheme came into force on 07/08/2020 and will remain in operation for a period of 5 years, i.e. upto 06.08.2025.

Authority

State

Region

Gujarat

Status

Verified 2026

Updated

March 2026

What you get

Who can apply

Any individual/group of individuals having an innovative idea/concept and recommended by an approved Nodal Institution will be eligible to get recognized as a startup under this scheme.; The innovative project can be from any sector or any faculty/branch of science/ technology/ engineering/ agriculture/ healthcare and no innovation worth its name is restricted from availing assistance just because of its being in a particular sector, making this a sector agnostic scheme.; Any University, Government approved/ affiliated/ recognized educational institution, Incubation center, PSU, R&D Institutions, private and other establishments operating in Gujarat.; The institution should be registered under the Companies Act-2013, rule of Section 8, as a 'non-profit making company'.; The institution should have separate spaces and engage full-time employees for the purpose.; The mentor means a resource person who is registered under this scheme and associated/recommended by the Nodal Institution.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

Can A Non-Resident Indian (NRI) Apply For The Scheme?

Ans: No, NRIs are not eligible to apply for the scheme as it is meant only for residents of Gujarat.

Is The Scheme Applicable Only For New Start-Ups Or Can Existing Businesses Also Apply?

Ans: Both new start-ups and existing businesses with innovative ideas are eligible to apply for the scheme.

What Is The Objective Of The Scheme For Assistance For Start-Ups/Innovation?

Ans: The objective of the scheme is to encourage and support start-ups and innovative projects in the state of Gujarat.

Who Is Eligible To Apply For The Scheme?

Ans: Any individual, group of individuals, or registered companies in the state of Gujarat with innovative business ideas are eligible to apply for the scheme.

Is There Any Age Limit For The Applicant?

Ans: No, there is no age limit for the applicant to apply for the scheme.

What Is The Maximum Amount Of Financial Assistance Provided Under The Scheme?

Ans: The maximum amount of financial assistance provided under the scheme is INR 50 lakhs.

What Is The Duration Of The Scheme?

Ans: The scheme is valid for a period of five years from the date of implementation.

What Is The Application Process For The Scheme?

Ans: The application process for the scheme involves filling an online application form and submitting the required documents.

Can An Applicant Submit More Than One Application?

Ans: No, an applicant can submit only one application for the scheme.

How Long Does It Take To Get A Response After Submitting The Application?

Ans: The response time for the application varies and may take up to 30 days.

What Is The Selection Process For The Scheme?

Ans: The selection process for the scheme involves scrutiny of the application, site visits, and evaluation by the selection committee.

What Are The Evaluation Criteria For The Scheme?

Ans: The evaluation criteria for the scheme include innovation, market potential, social impact, sustainability, and financial viability of the project.

Can An Applicant Modify The Application After Submission?

Ans: No, an applicant cannot modify the application after submission.

What Are The Benefits Of The Scheme?

Ans: The benefits of the scheme include financial assistance, mentoring support, access to co-working spaces, and networking opportunities.

Is There Any Collateral Required For Availing The Financial Assistance?

Ans: No, there is no collateral required for availing the financial assistance.

Is The Financial Assistance Provided As A Loan Or A Grant?

Ans: The financial assistance is provided as a grant and not as a loan.

What Is The Repayment Period For The Financial Assistance?

Ans: There is no repayment required for the financial assistance provided under the scheme.

Can A Beneficiary Of The Scheme Apply For Other Schemes Offered By The Government?

Ans: Yes, a beneficiary of the scheme can apply for other schemes offered by the government.

Is There Any Deadline For Submission Of The Application?

Ans: No, there is no deadline for submission of the application.

Can A Rejected Application Be Re-Submitted?

Ans: Yes, a rejected application can be re-submitted after incorporating the feedback provided by the selection committee.