Co-Working Space/ Incubators/ Accelerators Subsidy Scheme

What is Co-Working Space/ Incubators/ Accelerators Subsidy Scheme?

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.

Benefit

> **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 spac

Level

State — Goa

Ministry / Dept.

Information and Publicity Department

Benefit type

cash

Key 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

Last verified

Recently

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 spac

Eligibility

Documents Required

How to Apply

1. Step 1: Online application — step 1

   Step 1: Visit the Official Website of Goa Startup Mission.

2. Step 2: Online application — step 2

   Step 2: Verify your Email ID and Mobile Number using OTP. You will be redirected to the Registration Page.

3. Step 3: Online application — step 3

   Step 3: On the Registration/Signup Page , fill in all the mandatory fields of the registration form (Country, Name, Date of Birth, Address, PIN Code, Gender, etc.).

4. Step 4: Online application — step 4

   Step 4: Create a Login Name and a strong Password (Password can have special characters like @ # $ % ^ & + =).

5. Step 5: Online application — step 5

   Step 5: Carefully read the Declaration and the Terms & Conditions, and tick the checkboxes.

6. Step 6: Online application — step 6

   Step 6: Fill in the Captcha Code, and click "Register/Signup".

7. Step 7: Online application — step 7

   Step 7: Login to the website using your Login Name and Password. Fill in the Captcha Code, and click "Login".

8. Step 8: Online application — step 8

   Step 8: Navigate to the online application form for the relevant scheme.

9. Step 9: Online application — step 9

   Step 9: In the application form, fill in all the mandatory fields and upload all the mandatory documents (self-attest if required).

10. Step 10: Online application — step 10

    Step 10: Submit the application and note the application reference number for application tracking.

11. Step 11: Online application — step 12

    Evaluation Process

12. Step 12: Online application — step 13

    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.

13. Step 13: Online application — step 14

    Step 2: The SPC shall recommend the application for the sanction of reimbursement of the costs.

14. Step 14: Online application — step 16

    Notification

15. Step 15: Online application — step 17

    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.

16. Step 16: Offline application — step 1

    Step 1: Take a print of the proforma of the application form. Fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attest if required).

17. Step 17: Offline application — step 2

    Step 2: Submit the duly filled and signed application form along with the documents to SPC via Email at [email protected]

18. Step 18: Offline application — step 3

    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.

19. Step 19: Offline application — step 5

    Evaluation Process

20. Step 20: Offline application — step 6

    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.

21. Step 21: Offline application — step 7

    Step 2: The SPC shall recommend the application for the sanction of reimbursement of the costs.

22. Step 22: Offline application — step 9

    Notification

23. Step 23: Offline application — step 10

    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.

Sources & References

• Official scheme website ↗
• Source record ↗
• Information is summarised from official government sources. Verify all details on the official website before applying.