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Start-up Promotion Cell disburses incentives to startups

Panaji: The Start-up Promotion Cell (SPC), Government of Goa, has disbursed incentives worth 17 lakhs to various startups approved by the High-Powered Committee (Chaired by the Honourable CM) under Seed Capital, Co-working space, interest subsidy, and trademark reimbursement schemes of Goa Startup Policy 2017.

For boosting the Goan Startup Ecosystem, SPC in association with AIC-GIM had organized a 2 day (29th August 2021 and 3rd September 2021) Startup Conclave & Entrepreneurship Summit called ‘Antha Prerna’.

The event witnessed participation from 50+ startups, 15 investors, students from various colleges, incubators, and other stakeholders including the Ministry of Electronics and IT (Meity). The event had various sessions related to new startup policy, startup showcase, and success stories of Goan Startups, successful Indian startups addressing Goan Startups, investors’ round table conference, etc.

Recently, the Cabinet has approved the new Goa Start-up Policy 2021, revamping the old policy with various additional benefits. The new policy will also give impetus to women entrepreneurs.

Access to finance, market and talent along with skill development of Goan youth are the main pillars of the Goa Startup Policy 2021.

The new policy has aligned the Goan Startup Definition with the Department for Promotion of Industry and Internal Trade (DPIIT). Further, the policy envisages creating a Fund of Funds. With New Goa Startup Policy 2021, Goa is set to embark on its journey to empower, enable the local startup ecosystem and the new policy will be the start of putting Goa on the Startup map of India, Asia, and the world.




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