The Government of Goa on 6th October 2022, has framed a scheme for the students having innovative ideas with a vision to transform them into scalable projects and it is the main driving force behind the formation of this scheme providing rapid economic growth, increased productivity, social transformation as it also helps in reshaping and redefining almost every aspect of lives and environment.
The scheme is primarily formulated with the objective to support/encourage and finance students having technology based innovative ideas which they wish to translate into working prototypes. Scope of the scheme is to provide financial support to only 10 students projects in a financial year, subject to provision in the annual budget of Department of S&T & WM.
An applicant under this scheme shall be eligible for a financial support of up to Rs. 50,000/-. A maximum of 10 projects will be supported through this scheme each financial year. An applicant/student will be eligible for the financial support only once.
Students from Educational Institutes from the State of Goa may apply under this scheme. The applicant may be a final year student or a group of students working on a college project or a High School or Higher Secondary School student working on a school project participating either in State or National level competitions. The project should relate to hardware or software-based product/process innovation.
The financial assistance shall be disbursed as single installment to the concerned institute whose project is approved by the duly constituted Selection Committee under the scheme. The entire amount of the financial assistance approved and released should be utilized before 31st March in the subsequent financial year and should be used only for the purpose for which it is released.
