Gujarat Grant
Overview
ELIGIBILITY CRITERIA
- Age: Individuals applying for this scheme must be over the age of 18 years.
- Company type: To apply under this scheme, a company should be a partnership or a private limited firm.
- Annual turnover: To be eligible under this scheme, a company should not have a yearly turnover of more than Rs. 25 crore
Funding
- Assistance up to INR 30 lakh as a seed support to the startups.
- Sustenance allowance of INR 20,000 per month to the startups and INR 25,000 per month to women led startups for a period of one year.
We Help in
- Pitch deck
- Application submission
- Pitch deck update
(if required post application).
FAQs
Eligibility criteria can vary widely depending on the specific scheme. Common factors include residency, business type, industry sector, annual turnover, and more.
In the lifecycle of a startup, there is a funding gap which is better identified as valley of death. This is a phase post commercialization where the startup has just started generating revenue till the time period where its product/service gets market traction. Such startups will be assisted in getting venture capital. Initially to support, such mid-level pre-series A funding to startups, a separate fund shall be created under Gujarat Venture Finance Limited. This assistance will be specifically to cater the startups that have already received seed support from the government under various scheme for promotion of startups.
The Nodal Institution shall be eligible for reimbursement of 75% of expenses incurred for organizing promotional event to the extent of maximum INR 5 lakh during the operative period of the scheme for assistance for startups/innovation – Gujarat Industrial Policy 2020.
In case the event being organized is specific to “Women Entrepreneurship”, the Nodal Institution will be eligible for reimbursement of 90% of expenses incurred for organizing promotional event to the extent of maximum INR 5 lakh during the operative period of the scheme for assistance for startups/innovatio