GUIITAR Council - Nodal Institute

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

GUIITAR Council has been set up to develop an Ecosystem to promote Startups and inculcate an Entrepreneurship spirit amongst young minds and innovators. GUIITAR Council's primary 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 benefit from the Startups Ecosystem developed by the GUIITAR Council and be able to avail various incentives provided through the Nodal Institute under the scheme.

Assistance to Startups:
1. Seed support: Up to INR 30.00 lakh per startup.
2. 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.
3. Skill development: Up to INR 1 lakh per approved startup.
4. Assistance to enrol and participate in the Acceleration program: Up to INR 3.00 lakh per approved startup.
5. Assistance for social impact: Up to INR 10.00 lakh for a startup that has a significant effect on society.
6. Pre-Series A Funding: INR. 50.00 lakh to INR 3.00 crore from Gujarat Venture Finance Limited (GVFL) for an approved startup.
7. Interest Subsidy: Additional interest subsidy of 1%, Maximum up to 9% on term loans under the provisions of the scheme for assistance to MSMEs.

Eligibility: Any individual/group of individuals having an 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

GSFC University Startup Committee : Click here

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