Grant for Incubation Centers within Educational Institutes Scheme

What is Grant for Incubation Centers within Educational Institutes Scheme?

“Grant for Incubation Centers within Educational Institutes Scheme” is for the educational institutes in Goa, affiliated with a recognized public university. They can avail of a one-time grant towards capital expenses for setting up an incubator within their institute campuses.

Benefit

1. All educational institutes in Goa, affiliated with a recognized public university, can avail of a one-time grant of up to ₹ 10,00,000 towards capital expenses, for setting up of an incubator within their institute campuses. 1. The educational institutes with existing incubation facilities can also avail of the grant for capital expenses for further expansion of incubation facilities. 1. The maximum number of institutes to avail of this benefit cannot exceed 15 per year. 1. The educational institutes with existing incubation facilities will also be provided with a grant of up to ₹ 3,00,000 per year, for a period of three years, towards operational expenses. > **Relaxation / Preference / Priority** The preference will be given to well-performing applicants. **NOTE 1:** The institutes claiming the benefits under this scheme cannot restrict the incubation facilities only to the students of their institute. **NOTE 2:** Under no circumstance shall the benefits under this scheme be considered an entitlement. The SPC shall reserve the sole right to accept or reject applications. **NOTE 3:** For the purpose of determining eligible expenses towards capital expenses, Accounting Standard 102 for Fixed Assets by the Institute of Cost Accountants of India would be used.

Level

State — Goa

Ministry / Dept.

Information and Publicity Department

Benefit type

cash

Key eligibility

All the educational institutes in Goa, affiliated with a recognized public university are eligible to apply for this scheme.

Last verified

Recently

Benefits

1. All educational institutes in Goa, affiliated with a recognized public university, can avail of a one-time grant of up to ₹ 10,00,000 towards capital expenses, for setting up of an incubator within their institute campuses. 1. The educational institutes with existing incubation facilities can also avail of the grant for capital expenses for further expansion of incubation facilities. 1. The maximum number of institutes to avail of this benefit cannot exceed 15 per year. 1. The educational institutes with existing incubation facilities will also be provided with a grant of up to ₹ 3,00,000 per year, for a period of three years, towards operational expenses. > **Relaxation / Preference / Priority** The preference will be given to well-performing applicants. **NOTE 1:** The institutes claiming the benefits under this scheme cannot restrict the incubation facilities only to the students of their institute. **NOTE 2:** Under no circumstance shall the benefits under this scheme be considered an entitlement. The SPC shall reserve the sole right to accept or reject applications. **NOTE 3:** For the purpose of determining eligible expenses towards capital expenses, Accounting Standard 102 for Fixed Assets by the Institute of Cost Accountants of India would be used.

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

    OR

12. Step 12: Online application — step 14

    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).

13. Step 13: Online application — step 15

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

14. Step 14: Online application — step 17

    NOTE: The applicant can apply for this scheme at any time of the financial year but only within 6 months of incurring the relevant expenditure.

15. Step 15: Online application — step 19

    Notification

16. Step 16: Online application — step 20

    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.