The Co-Working Space/ Incubators/ Accelerators Subsidy Scheme is an initiative by the Department of Information Technology, Electronics and Communications, Government of Goa. It aims to support the growth of startups in Goa by subsidizing the costs for co-working spaces, incubators, and accelerators. The scheme provides financial assistance to startups for the seats they occupy in the listed co-working spaces, incubators, or accelerators under the Startup Promotion Cell (SPC).
Benefits
1. Subsidy for Co-working Spaces:
• 50% reimbursement on seat costs
• Maximum of ₹3,000 per seat
• Maximum 8 seats per startup
• Reimbursement is available for up to 2 years per startup
• 100 seats subsidized annually under this category
2. Subsidy for Incubators:
• 50% reimbursement on seat costs
• Maximum of ₹5,000 per seat
• Maximum 8 seats per startup
• Reimbursement is available for 1 year per startup
• 50 seats subsidized annually under this category
3. Subsidy for Accelerators:
• 50% reimbursement on seat costs
• Maximum of ₹6,000 per seat
• Maximum 8 seats per startup
• Reimbursement is available for up to 3 months per startup
• 50 seats subsidized annually under this category
Note:
• For deserving startups, the SPC may choose to reimburse up to 100% of the amount paid.
• The reimbursement applies to any plan offered by the listed co-working spaces, incubators, or accelerators.
Eligibility
• The startup should be certified by the Startup Promotion Cell (SPC).
• All payments must be digitally made to co-working spaces, incubators, or accelerators listed by the SPC.
• The bank accounts of startups should be linked to Aadhaar.
• No specific income limit is defined for eligibility.
Application Process
Online Process:
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Visit the official Goa Startup Mission website
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Register by verifying email and mobile number via OTP
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Fill out the registration form with necessary details
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Login and fill out the online application form for the subsidy scheme
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Submit the application and track the reference number for progress updates
Offline Process:
• Visit the official Goa Startup Mission office for physical submission of the application.
Evaluation Process
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Scrutiny: The SPC will inspect and verify the application, including checking documents and expenses.
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Approval: After scrutiny, the SPC will recommend the application for reimbursement.
Documents Required
• Original bill from the co-working space, incubator, or accelerator
• Annexure 1 form (as per the official guidelines)
• Self-attested documents if required
Frequently Asked Questions (FAQs)
Q: What is the maximum reimbursement period for startups at co-working spaces, incubators, and accelerators?
A:
• Co-working spaces: Up to 2 years
• Incubators: Up to 1 year
• Accelerators: Up to 3 months
Q: What is the maximum benefit per seat for co-working spaces, incubators, and accelerators?
A:
• Co-working spaces: Up to ₹3,000 per seat
• Incubators: Up to ₹5,000 per seat
• Accelerators: Up to ₹6,000 per seat
Q: Can a startup claim reimbursement for any plan offered by co-working spaces, incubators, or accelerators?
A: Yes, startups can claim reimbursement for any plan offered by the listed co-working spaces, incubators, or accelerators.
Q: How long does the SPC take to evaluate and notify applications?
A: The SPC will evaluate and notify the approval or rejection within 45 days of receiving the application.
Q: What is the eligibility criterion for startups to participate in this scheme?
A: Startups must be certified by the Startup Promotion Cell (SPC) and meet the digital payment requirement. They should also have their bank accounts linked to Aadhaar.
Q: Can startups apply offline for the scheme?
A: Yes, startups can apply offline by visiting the official Goa Startup Mission office.