Financial Assistance During Prototype Stage

Need-based assistance as reimbursement up to Rs. 10 lakhs will be provided to a recognized and certified Startup for hiring of manpower, cost of raw materials/components, and other related equipment required for the innovative process for new product development. This will be granted after the approval of Proof of Concept (PoC) by the State Level Start-Up Council. Women-led Start-Ups will be eligible for an additional 10% reimbursement, while Physically Challenged Person-led Start-Ups will be eligible for an additional 20% reimbursement. The breakup of assistance is as follows:

• Hiring of Manpower – Maximum 25% of the claimed reimbursement amount.
• Procurement of Raw Materials and Capex Amount – Minimum 75% of the claimed reimbursement amount.