The Government of Goa on 3rd November 2022, notified the Reimbursement of Expenses for Startups Operating from Leased/ Privately Owned Premises Scheme. This scheme shall be applicable to All start-ups certified by the Start-up IT Promotion Cell (SITPC) having a valid start-up certificate number that are not using any Government developed co-working spaces/incubators/ accelerators for their operations.
Only expenditure incurred after notification of Goa Start-up Policy 2021, being within the validity of this policy and paid for digitally will be considered for reimbursements under this scheme. In case digital payments are not possible then it shall be up to the SITPC to admit the expenditure as per its guidelines.
Provided that for the purpose of this scheme “Local start-up” shall mean a startup in which at least 50% equity/share is held by one or more Goans continuously since the time of inception.
Under this scheme, the cost towards internet connectivity, software license fees, and cloud services fee, will be reimbursed subject to an upper limit of INR 1 lakh per quarter for a period of one year. This benefit can be availed by 20 start-ups operate from privately owned premises each year which shall be selected by the SITPC as per its guidelines.
For local start-ups which operate out of rented premises, a lease rental subsidy of up to INR 20/- per square foot per month will be reimbursed quarterly for a period of up to two years. This incentive is subject to a cap of INR 3 lakh per annum and can be availed by 25 start-ups each year which shall be selected by the SITPC as per its guidelines.
Further the Start-ups who desire to claim incentives under this scheme shall submit the application form to SITPC along with requisite set of documents. The form and the documents are to be e-mailed or to be submitted on the web portal to the SITPC.
