Central GovernmentVerified

Scheme to Encourage Students for Innovative Projects

The scheme aims to encourage students in the State of Goa who have technological innovative ideas, which they want to translate into a working prototype, by providing financial assistance. It offers financial support of up to ₹50,000/- to eligible students for innovative academic projects.

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About This Scheme

The scheme "Scheme to Encourage Students for Innovative Projects" was framed by the Department of Science and Technology and Waste Management (DS&T&WM), Government of Goa. The scheme aims to transform innovative student ideas into scalable projects that drive rapid economic growth, increased productivity, and social transformation. The scheme provides financial support of up to ₹50,000/- to deserving students on a need-cum-merit basis for prototyping their technology-based innovative project ideas. The scheme is implemented through the Goa State Innovation Council (GSInC). The applications for this scheme are accepted online.

Benefits

₹50.0K

Financial support of up to ₹50,000/-.

A maximum of 10 projects will be supported through this scheme each financial year.

The financial assistance shall be permitted to be utilized only for student academic projects.

The funds should be used only for the purpose for which they are released.

##### Disbursement

The financial assistance shall be disbursed as a single installment.

The amount shall be deposited directly in the beneficiary institute’s bank account.

Disbursement occurs upon submission of the pre-receipt for the said amount by the institution, to the Director, Department of Science and Technology and Waste Management (DS&T&WM).

##### Conditions

The entire amount of the financial assistance approved and released should be utilized before March 31st in the subsequent financial year.

Copies of bills/invoices generated after purchasing materials and tools for building the project must be maintained and submitted to the Goa State Innovation Council (GSInC).

Eligibility

Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.

Required Documents

✦
Project Proposal In Prescribed Format (Proforma I And Proforma II).
✦
Total Break Up Of Details Of The Funding Requirement.
✦
Annexure Detailing Total Break Up Of Costs (Up To ₹50,000/-).
✦
All Quotations And Bills Of Materials (BoM) (Required In Original To Be Submitted To The Secretariat, Goa State Innovation Council).
✦
Project Details Including Diagrams, Blueprints, Designs, And Flowcharts (To Be Attached With Proforma II).
✦
Letter Of Intent (LOI) (In Case The Proposed Idea/Project Is Associated With The Industry Or The Government).
✦
Pre-Receipt For The Approved Amount (Required To Be Submitted By The Institution To The Director, Department Of Science And Technology And Waste Management).
✦
Copies Of Bills/Invoices Generated After Purchasing Materials And Tools For Building The Project (Required To Be Maintained And Submitted To The Goa State Innovation Council).

✦ Required ◦ Optional

How to Apply

OOnline

The proposal will be scrutinized, examined, and approved by the Selection Committee, which consists of three Members appointed by the Chairman of the Goa State Innovation Council. The Selection Committee shall hold periodic meetings for the assessment and selection of innovative student projects. The intimation of the Committee's decision regarding the selection of the project shall be sent to the applicants via email. This notification is scheduled to be sent within 14 working days from the dat

Quick Info

Level: Central Government
Max benefit: ₹50.0K