9TH Digital Innovators Meet Key Takeaways

  1. The Gujarat Government has created a robust ecosystem to foster the start-ups in the state by bringing together investors, mentors, incubators/nodal institutes, venture capitalists, accelerators.
  2. The Startup Gujarat Portal, a single access point of information, registration, support and process implementation for start-ups.
  3. The four stage approach to provide policy support to the start up ecosystem

Stage 1: Students at Idea Stage – Student Start up and Innovation Policy

Stage 2: Proof of concept stage- Gujarat Startup scheme, Gujarat IT/ITES & Electronics Startup Policy,Gujarat Biotech Startup Policy

Stage 3: Growth Stage : Dedicated Venture Fund- GVFL supports startups with venture finance

Stage 4: Business Stage: Gujarat scheme for support to MSMEs provide support to startups with capital subsidy, interest subsidy, patent assistance, rent assistance, quality certifications etc.

  1. Some of the key incentives under Gujarat Industrial policy:

Startups:

(a) 15 Thrust sectors with incremental benefits

(b) Capital Subsidy upto 12% of Fixed Capital investment

Assitance to MSME

(a) Capital and interest subsidy, technology acquisition, patent assistance, environment protection measure scheme.

(b) Government land on lease for long term

(c) Government land on lease for long term

(d) Incentives for setting up R&D centers by private companies

  1. Scheme for assistance for Start ups/ Innovation- under Gujarat Policy 2020

(a) Skill development

(b) Seed support & sustenance allowance

(c) Enroll and participate for acceleration program

(d) Additional interest subsidy

(e) Pre- series A Funding

(f) Assistance for having significant impact on society

Assistance to Nodal institution for Mentoring and organizing promotional events & acceleration program

Schemes for assistance for Research and Development activities

Schemes for assistance to MSME

Schemes for Assistance for Common Industrial infrastructure

Reference Links:

Gujarat Startup Portal: https://startup.gujarat.gov.in/

Investor Facilitation Portal https://ifp.gujarat.gov.in/DIGIGOV/login.jsp

Shri D.R. Parmar
Jt. Commissioner of Industries
Startup Cell, Gujarat

“Gujarat is known for its entrepreneurial spirit where startups and Innovation play a key role in economic growth. The incentives to Startups under the Gujarat Industrial Policy have supported in creating a strong network of nodal institutions and several startups have expanded their operations/products both at national and international level. The key objective of the Gujarat Industrial Policy 2020 is to encourage R&D, start innovation and entrepreneurship”.

“NASSCOM through its Center of Excellence has been diligently working to create awareness about the policies supporting the Startup/ innovation. It is also creating an ecosystem of co-creation where deep tech start-ups and industries can work together on bringing new and innovative solutions for the manufacturing sector”.

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Startups Join Grow X– A virtual acceleration program offered by NASSCOM Center of Excellence, Gandhinagar. This program aims to support deep-tech mature startups to Grow. We connect startups to Industries, Investors, & Government.