Scheme for Assistance to Start Ups/Innovation

You, as a startup/innovator in Gujarat, can benefit from this scheme run by the Industries & Mines Department, Gujarat under the umbrella of the state’s Gujarat Industrial Policy 2020 The purpose of the scheme is to promote research & development, innovation, and entrepreneurship by providing targeted financial assistance to startups/innovators for prototype development, marketing, incubation, and scaling. The benefit for your business is that you receive seed-funding or grants, monthly sustenance allowance, interest-subsidy on term loans, and other supports which reduce your risk and cost, thereby accelerating your startup growth

Key Features
Financial Assistance
Eligibility Criteria
Documents Required
Application Process for the Scheme

Key Features

Seed-funding/grant support: When you have an innovative idea or startup based in Gujarat, you can apply for seed grant up to a defined maximum (e.g., up to ₹30 lakh) for activities like product development, market/testing, professional services.
Sustenance allowance: To ease your cash-flow burden in the early phase, you receive monthly stipend (for example up to ₹20,000 per month for one year or higher if women-co-founder) under the scheme.
Interest subsidy on term-loans: If you avail term loan for your startup, you may get additional interest subsidy compared to standard MSME scheme, thereby reducing borrowing cost and enhancing viability.
Marketing & acceleration support: The scheme recognises that beyond product development, you may need market entry, acceleration support, professional consultancy. The scheme supports you to participate in accelerators, do marketing/publicity, access mentorship.
Sector-agnostic eligibility: The scheme does not limit to one industry if you have genuinely innovative ideas you can apply, provided you meet startup/innovation criteria.

Financial Assistance

Component	Assistance Provided	Detailed Explanation & Example
Seed Support / Grant	Up to ₹ 30 lakh for eligible startups plus additional grant up to ₹ 10 lakh for startups with significant social impact.	Example: Your Gujarat-based startup builds a novel agritech sensor and needs ₹40 lakh to prototype & market. Scheme may provide up to ₹30 lakh + if it has strong social impact, additional ₹10 lakh = total ₹40 lakh support.
Sustenance Allowance	Up to ₹ 20,000/month for one year (or up to ₹ 25,000/month if woman-co-founder) for eligible startups.	Example: Your startup has a woman co-founder, you can receive ₹25,000/month stipend for 12 months = ₹3 lakh to support you while you build the product.
Interest Subsidy on Term Loan	Additional interest subsidy of +1%, maximum interest subsidy up to 9% on term-loans under MSME provisions.	Example: Your startup takes term loan at 12% interest. Under this scheme you may get subsidy so effective interest becomes 11% (if +1%) up to cap 9% in some cases, thereby reducing cost.

Eligibility Criteria

Who Can Apply:

Any individual/group of individuals having an innovative idea/concept, and subsequently registered as a LLP / Partnership / Private Limited Company in Gujarat.
Start-ups working in Gujarat: having registration, operations in Gujarat and significant base in the state during grant tenure.
Entities recommended by an approved Nodal Institute as per scheme guidelines.

Who Cannot Apply:

Start-ups that are beyond 10 years of incorporation or whose turnover in past year exceeds ₹100 crore .
Entities that have availed the same support under other components for the same expenditure unless explicitly allowed.
Units outside Gujarat without substantial operations/commitment in Gujarat.

Documents Required

Certificate of Registration of the start-up.
Concept/idea note or business plan with innovation details.
Recommendation letter from Nodal Institute.
Bank account details of the start-up.
For Seed Support: Detailed cost estimate, prototype plan, market research costing, CA certificate of cost.
For Sustenance Allowance: Details of founders, women co-founder proof .
For Skill Development: Training plan & cost estimate.
For Acceleration/Marketing: Letter of acceptance in accelerator, marketing plan & cost estimate.
Declaration that start-up meets scheme criteria .

Application Process for the Scheme

Option 1: Apply with Bullit

Click here to start with guided support. Our team verifies eligibility, compiles documents, and handles application & follow-ups on your behalf. You can monitor progress while focusing on operations.
Recommended for: Lean teams. Designed to save you time and effort. Access expert help from start to finish.

Option 2: Government Online Portal

Visit the official portal of the Industries & Mines Department, Government of Gujarat.
Log in/register on the “Startup Gujarat” portal.
Navigate to the “Scheme for Assistance for Start Ups/Innovation” section.
Select appropriate component .
Upload application form + required documents .
Submit for screening by Nodal Institute and state committee.
On approval, receive sanction letter and claim support as per norms.

Option 3: Via Nodal Institute

Identify an approved Nodal Institute as per scheme list.
Secure recommendation from the Nodal Institute for your startup’s application.
Get guidance from the institute for documentation, submission, and claim process.
Submit application via Institute or portal on your behalf.