Co-Working Space/ Incubators/ Accelerators Subsidy Scheme

About This Scheme

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).

Eligibility

1. The startup should be certified by the Startup Promotion Cell (SPC). 1. 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. 1. The bank accounts of the startups should be linked to Aadhaar.

Benefits

> In the case of Seat Offered by the Co-Working Spaces - 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. > In the case of Seat Offered by the Incubators - 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. > In the case of Seat Offered by the Accelerators - 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.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.