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R&D Reimbursement Scheme

The scheme “R&D Reimbursement Scheme” is a part of the Start-up Policy 2017. The objective of the policy is to promote innovation amongst the Goans and local start-ups. 50% of R&D expenses, including salaries of PhD holders employed by start-ups, will be reimbursed for a period of two years.

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

What is R&D Reimbursement Scheme?

The scheme “R&D Reimbursement Scheme” is a part of the Start-up Policy 2017. The objective of the policy is to promote innovation amongst the Goans and local start-ups. 50% of R&D expenses, including salaries of PhD holders employed by start-ups, will be reimbursed for a period of two years.

Benefit
50% of R&D expenses, including salaries of PhD holders employed by startups, will be reimbursed for a period of two years, subject to a cap of ₹ 5,00,000 per annum. The salary component must not be in excess of ₹ 2,00,000. > **Number of Slots** This benefit can be availed by a maximum of 100 startups each year. > **Validity** The applicant can avail of the benefits of this scheme bi-annually/ annually. > **Disbursal** 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. This is applicable only to Goans and local start-ups. 1. The applicant should be a local startup certified by the Start-up Promotion Cell (SPC). 1. The startup should have a valid start-up certificate number. 1. The employees whose salaries are to be reimbursed should be hired for a period of at
Last verified
Recently

Benefits

50% of R&D expenses, including salaries of PhD holders employed by startups, will be reimbursed for a period of two years, subject to a cap of ₹ 5,00,000 per annum. The salary component must not be in excess of ₹ 2,00,000. > **Number of Slots** This benefit can be availed by a maximum of 100 startups each year. > **Validity** The applicant can avail of the benefits of this scheme bi-annually/ annually. > **Disbursal** 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. This is applicable only to Goans and local start-ups. 1. The applicant should be a local startup certified by the Start-up Promotion Cell (SPC). 1. The startup should have a valid start-up certificate number. 1. The employees whose salaries are to be reimbursed should be hired for a period of at 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 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

    Ready to apply?

    Applications are accepted only on the official government portal.

    Open Official Website