Co-Working Space/ Incubators/ Accelerators Subsidy Scheme

Key Features

• Subsidy for Startup Workspace Seats - The scheme reimburses part of the cost paid by startups for seats in co-working spaces, incubators, or accelerators. This helps startups access professional workspaces and collaborative startup environments.
• Support Across Startup Ecosystem Facilities - Startups can claim reimbursement for seats in co-working spaces, incubators, and accelerators that are recognised or listed by the Start-up Promotion Cell.
• Seat-Based Financial Assistance - The subsidy is calculated based on the cost per seat paid by the startup, allowing flexible use of different workspace plans offered by these facilities.
• Limited Seat Coverage - The scheme supports reimbursement for up to 8 seats per startup, ensuring that early-stage teams can benefit from shared workspace support.
• Different Duration for Different Facilities - The duration of subsidy depends on the type of facility used: longer support for co-working spaces and shorter support for accelerators where programs are typically short-term.
• Performance-Based Selection - The Start-up Promotion Cell may select eligible startups and evaluate claims before approving reimbursement under the scheme.

Financial Assistance

Eligibility Criteria

To qualify for benefits under the scheme, applicants must meet the following conditions:

• The startup must be certified by the Start-up Promotion Cell (SPC) and possess a valid startup certificate number.
• The startup must use co-working spaces, incubators, or accelerators listed by the SPC.
• Payments to the co-working spaces, incubators, or accelerators must be made digitally (unless otherwise approved by SPC).
• The bank accounts of the startup directors must be linked to Aadhaar.
• The startup must comply with the guidelines issued by the Start-up Promotion Cell.

Documents Required

Key documents typically required include:

• Startup certificate issued by the Start-up Promotion Cell
• Original bill issued by the co-working space / incubator / accelerator
• Proof of digital payment made to the workspace provider
• Aadhaar details of directors
• Startup registration documents
• Additional documents as required by the SPC

Application Process

Option 1: Apply with Bullit, Recommended

Start instantly with our guided application support, where our team verifies eligibility, prepares documentation, and coordinates with the Industries Department on your behalf. Using our business loans and compliance calendar, you can track progress while focusing on project execution, we manage the application end-to-end.

Option 2: Apply Online / Offline (Government Process)

Online Process

1. Visit the official Start-up Promotion Cell portal.
2. Register your startup and log in to the portal.
3. Fill in the scheme application form.
4. Upload required documents such as bills issued by the co-working space, incubator, or accelerator.
5. Submit the application online.
6. Receive acknowledgement of submission.
7. SPC evaluates the application and communicates approval or rejection.

Offline Process

1. Obtain the prescribed application form from the Start-up Promotion Cell.
2. Fill in details of the startup and workspace usage.
3. Attach supporting documents including invoices from workspace providers.
4. Submit the completed application to the SPC office.
5. Receive acknowledgement of submission.
6. Approved reimbursement is disbursed after evaluation.

Applications can be submitted within 6 months of incurring the relevant expenditure.