R&D Reimbursement Scheme

The R&D Reimbursement Scheme is implemented by the Department of Information Technology, Government of Goa under the Goa Start-up Policy 2017. The scheme was introduced to encourage startups in Goa to undertake research and development (R&D) activities, innovation, and product development. It came into effect with the notification of the Goa Start-up Policy and remains applicable as per the policy guidelines issued by the Government of Goa. The main purpose of this scheme is to reduce the financial burden on startups undertaking R&D by reimbursing a portion of the expenses incurred on research, prototype development, testing, and innovation activities. If you are a startup developing new technology, products, or innovative solutions in Goa, this scheme can help reduce the cost of experimentation and accelerate your innovation journey.

Key Features
Financial Assistance
Eligibility Criteria
Documents Required
Application Process

Key Features

Support for Research & Development Activities - The scheme provides reimbursement for costs incurred by startups for conducting R&D activities such as developing prototypes, testing new technologies, or creating innovative products.
Encouragement for Innovation - Startups often face financial constraints during early-stage experimentation. The scheme encourages experimentation and technological innovation by reducing the financial risk associated with R&D investments.
Eligibility Limited to Certified Startups - Only startups that are certified under the Goa Start-up Policy 2017 and registered with the Startup Promotion Cell (SPC) are eligible for reimbursement benefits.
Evaluation by Startup Promotion Cell - All applications are reviewed by the Startup Promotion Cell, which evaluates the submitted claims and verifies whether the R&D expenditure aligns with the objectives of the policy.
Promotion of Technology-Driven Businesses - The scheme aims to promote technology-driven startups and support the creation of intellectual property, innovative solutions, and new products within the state.

Financial Assistance

Component	Assistance Provided	Detailed Explanation of Component & Assistance
Research & Development Expenses	Reimbursement of eligible R&D costs	Example: If a startup spends ₹4 lakh on developing a prototype or conducting R&D testing, a portion of the expense may be reimbursed under the scheme.
Prototype Development	Financial support for prototype creation	Example: A startup developing a hardware prototype or software innovation may receive reimbursement for part of the development cost.
Innovation Support	Assistance for testing and experimentation	Example: Expenses related to testing new technology or validating product ideas may be considered for reimbursement.

Eligibility Criteria

To avail benefits under the scheme:

The applicant must be a startup certified by the Startup Promotion Cell (SPC) under the Goa Start-up Policy.
The startup must be registered and operating in Goa.
The startup must be involved in research, innovation, or product development activities.
The bank accounts of directors must be linked to Aadhaar.
Only expenses incurred after notification of the Goa Start-up Policy 2017 are eligible.
The Startup Promotion Cell must verify and approve the R&D expenditure.

Documents Required

Startup Certificate issued by Startup Promotion Cell (SPC)
Detailed report of Research & Development activity
Proof of R&D expenditure (invoices, bills, receipts)
Proof of payment for the R&D activities
Any additional documents specified in the scheme application form

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)

Submit Application to Startup Promotion Cell (SPC) - Submit the claim incentives application form along with supporting documents through email or the official portal of the Startup Promotion Cell.
Application Review by SPC - The Startup Promotion Cell reviews the application and verifies the R&D expenditure and supporting documentation.
Decision by SPC - The SPC may approve or reject the application based on eligibility criteria and evaluation of the R&D activity.
Approval and Sanction - If the application is approved, a sanction order is issued.
Disbursement of Amount - After approval, the reimbursement amount is disbursed to the startup’s bank account.