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GUIITAR Council - Nodal Institute

GUIITAR Council, a Section 8 Company promoted by GSFC University has been recognized as a Nodal Institute by Industries Commissionerate, Govt. of Gujarat under the scheme for Assistance for Startups/Innovation, Gujarat Industrial Policy – 2020.

GUIITAR Council has been setup for developing an Ecosystem for promoting Startups and inculcate Entrepreneurship spirit amongst the young minds and innovators. GUIITAR Council’s major focus areas are Agriculture, AI & Robotics, Biotechnology, Clean-Tech, Cyber Security, Energy, Environment, Healthcare, ICT, IoT, Manufacturing, Services, Water and Waste Management

Startups and innovators in and around Vadodara will be benefited by the Startups Ecosystem developed by GUIITAR Council and be able to avail benefit from various incentives provided through the Nodal Institute under the scheme.

Assistance to Startups:

  • Seed support: Up to INR 30.00 lakh per startup.

  • Sustenance allowance: INR 20,000 per month per approved startup for one year up to INR 2,40,000, INR 25,000 in case of at least one-woman founder / Co-founder per month per approved startup for one year up to INR 3,00,000.

  • Skill development: Up to INR 1 lakh per approved startup.

  • Assistance to enroll and participate for the Acceleration program: Up to INR 3.00 lakh per approved startup.

  • Assistance for social impact: Up to INR 10.00 lakh for startup having significant impact on society.

  • Pre-Series A Funding: INR. 50.00 lakh to INR 3.00 crore from Gujarat Venture Finance Limited (GVFL) for approved startup.

  • Interest Subsidy: Additional interest subsidy of 1%, Maximum up to 9% on term loans under the provisions of scheme for assistance to MSMEs.

Eligibility:​ Any individual/group of individual having innovative idea/concept

Process:​ GUIITAR Council-Nodal Institute shall evaluate, validate and recommend the startup project proposal to the office of the Industries Commissioner.

Interested Startups / Innovators may apply at bit.ly/guiitar

Nodal Institute Standard Operating Procedure (Funding, Application etc.): Click here

Nodal Institute Approved Startups: Click here

For more information visit www.startup.gujarat.gov.in

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