Goa
Co-Working Space/ Incubators/ Accelerators Subsidy Scheme
Main benefit
In the case of Seat Offered by the Co- Working Spaces
Can you get this scheme?
Conditions at a glance
- Work: Business / self-employed
About
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).
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.
Who can apply
- The startup should be certified by the Startup Promotion Cell (SPC).
- 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.
- The bank accounts of the startups should be linked to Aadhaar.
Documents needed
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How to apply
Online
Offline
- 1
Visit the Official Website of Goa Startup Mission.
- 2
Verify your Email ID and Mobile Number using OTP. You will be redirected to the Registration Page.
- 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
Create a Login Name and a strong Password (Password can have special characters like @ # $ % ^ & + =).
- 5
Carefully read the Declaration and the Terms & Conditions, and tick the checkboxes.
- 6
Fill in the Captcha Code, and click "Register/Signup".
- 7
Login to the website using your Login Name and Password. Fill in the Captcha Code, and click "Login".
- 8
Navigate to the online application form for the relevant scheme.
- 9
In the application form, fill in all the mandatory fields and upload all the mandatory documents (self-attest if required).
- 10
Submit the application and note the application reference number for application tracking. Evaluation Process
- 11
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.
- 12
The SPC shall recommend the application for the sanction of reimbursement of the costs. Notification 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.
Common questions
What are the maximum reimbursement periods for startups at co-working spaces, incubators, and accelerators under the "Co-Working Space/ Incubators/ Accelerators Subsidy Scheme" in Goa?
Start-ups can avail benefits for a maximum of two years at co-working spaces, one year at incubators, and three months at accelerators.
How is the reimbursement calculated for seats at co-working spaces, and what is the maximum benefit per seat?
Start-ups are reimbursed 50% of the seat cost, with a maximum benefit of ₹3000 per seat, and can claim this for a maximum of 8 seats.
Can a startup claim reimbursement for seats on any plan offered by co-working spaces, incubators, or accelerators listed by the Startup Promotion Cell (SPC)?
Yes, reimbursement can be claimed on any plan offered by the listed co-working spaces, incubators, or accelerators.
What is the total number of subsidized seats available each year for co-working spaces, incubators, and accelerators under this scheme?
The scheme subsidizes 100 seats in co- working, 50 seats each in incubators and accelerators annually.
Under what circumstances might the SPC reimburse up to 100% of the amount paid by deserving startups?
Deserving startups, as per SPC guidelines, may receive up to 100% reimbursement based on internal evaluation.
What is the eligibility criterion for startups to participate in this scheme?
Start-ups certified by the Start-up Promotion Cell (SPC) are eligible, and they must pay digitally to the listed co-working spaces/ incubators/ accelerators.
What documents are required for the application process, apart from the original bill?
Start-ups need to submit the form and documents as mentioned in Annexure-1 along with the original bill.
Can startups apply offline for the "Co-Working Space/ Incubators/ Accelerators Subsidy Scheme"?
Yes, startups can apply offline by submitting a filled and signed application form with documents via email to spc-dit.goa@gov.in.
What is the timeline for startups to apply for the scheme within the financial year?
Startups can apply at any time during the financial year but must do so within 6 months of incurring the relevant expenditure.
How long does the SPC take to evaluate and notify the approval or rejection of applications?
The SPC evaluates and notifies approval or rejection within 45 days from the receipt of the application.
What is the objective of the Goa Start-up Policy 2017?
The objective is to make Goa an aspirational geographical and human resource base for start- ups and build a robust start-up eco-system.
What is the purpose of Annexure-1 in the application process?
Annexure-1 is the application form under the "Co-Working Space/ Incubators/ Accelerators Subsidy Scheme," including seat usage details and mandatory documents.