Gujarat University Startup and Entrepreneurship Council (GUSEC) has been recognised a Nodal Institute (NI) for disbursing startup funds under the Scheme for assistance for Startups / Innovations of Government of Gujarat.
Through this startup funding scheme, startups / innovators can avail a funding assistance of up to Rs. 10 lakh for prototype development, up to Rs. 10 lakh for marketing assistance, and a sustenance allowance of Rs. 10,000 per month for up to one year.
Application Process: To apply for assistance under the scheme, startups / innovators should apply using the www.startupgujarat.in online portal by creating a user, and selecting ‘Gujarat University Startup and Entrepreneurship Council (GUSEC)’ in the ‘Nodal Institute’ field of the Application Form.
Once applied, an Internal Review Committee of GUSEC shall do an initial screening of the application. If the application is shortlisted by the Internal Review Committee of GUSEC, the applicant shall be invited to present in front of GUSEC Scrutiny Committee. The Scrutiny Committee then shall endorse and recommend the startup funding to the state Government, which shall then disburse the requisite funds at its discretion.
Read the scheme guideline and eligibility here.
Note: As per the recent notification received from Industries Commissionerate, the Startup Assistance Scheme is exclusively for product based startups. IT and ITes startups will be supported under Department of Science & Technology’s policy. Kindly refer the document here for reference.
For any questions, please write to email@example.com