Yozni.Login
Goabusiness-entrepreneurship

Matching Grant Scheme

Under the “Matching Grant Scheme”, the Start-ups that raise funds from a registered/recognized funding source prior to the product launch phase will be provided 25% of the matching funds or a maximum benefit of ₹ 25,00,000, at proportionate ownership of stock, subsequent to due diligence by the SPC.

Ministry / Department
Information and Publicity Department
Level
State
Benefit type
cash
Last verified: Recently

What is Matching Grant Scheme?

Under the “Matching Grant Scheme”, the Start-ups that raise funds from a registered/recognized funding source prior to the product launch phase will be provided 25% of the matching funds or a maximum benefit of ₹ 25,00,000, at proportionate ownership of stock, subsequent to due diligence by the SPC.

Benefit
1. Start-ups that raise funds from a registered/recognized funding source prior to the product launch phase will be provided 25% of the matching funds or a maximum benefit of ₹ 25,00,000, at proportionate ownership of stock, subsequent to due diligence by the Start-up Promotion Cell (SPC). 1. This benefit can be availed by 20 start-ups each year which shall be selected by the SPC as per its due diligence and guidelines. 1. Once the application is approved by the SPC, the approved amount shall be disbursed within 60 days from the date of approval. **NOTE:** 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.
Level
State — Goa
Ministry / Dept.
Information and Publicity Department
Benefit type
cash
Key eligibility
1. All the Start-ups certified by the Start-up Promotion Cell (SPC) having a valid start-up certificate number are eligible. 1. The product for which the benefit is being claimed should not have been made available in the market previously. **NOTE:** Only expenditures incurred after notification of
Last verified
Recently

Benefits

1. Start-ups that raise funds from a registered/recognized funding source prior to the product launch phase will be provided 25% of the matching funds or a maximum benefit of ₹ 25,00,000, at proportionate ownership of stock, subsequent to due diligence by the Start-up Promotion Cell (SPC). 1. This benefit can be availed by 20 start-ups each year which shall be selected by the SPC as per its due diligence and guidelines. 1. Once the application is approved by the SPC, the approved amount shall be disbursed within 60 days from the date of approval. **NOTE:** 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.

Eligibility

1. All the Start-ups certified by the Start-up Promotion Cell (SPC) having a valid start-up certificate number are eligible. 1. The product for which the benefit is being claimed should not have been made available in the market previously. **NOTE:** Only expenditures incurred after notification of Area: GoaBenefit: cash

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 at least 1- 3 months prior to product launch.

    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

    Ready to apply?

    Applications are accepted only on the official government portal.

    Open Official Website