Nodal Agency under Start-up Gujarat

GIAN is a nodal agency under the Scheme for assistance for start-ups/innovations (download link)

Benefits to innovators under the new policy

• 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
• For the startup scheme, woman entrepreneur led startup means, any startup founded / co-founded by at least one woman.
• Assistance up to INR 1 lakh per startup for obtaining training in soft skills on reimbursement basis
• Additional assistance up to INR 10 lakh for the startups generating significant impact on the society.
• Assistance up to INR 3 lakh to enroll and participate for national/international recognized acceleration program
• For mid-level Pre-Series A funding of startups, a separate fund under Gujarat Venture Finance Limited (GVFL) for smaller ticket funding between INR 50 lakh to INR 3 crore
• Additional 1% Interest Subsidy, maximum up to 9% on term loans to applicant under the provisions of scheme for assistance to MSMEs.

The following start-ups were approved under the scheme