Central GovernmentVerified
Scheme for assistance for Start Ups/ Innovation: Pre- Series A Funding
The "Scheme for Assistance for Start Ups/ Innovation" under the Gujarat Industrial Policy, aims to drive economic growth by generating jobs, fostering competition, and introducing next-gen solutions.
Start date7 Aug 2020
Last verifiedToday
About This Scheme
The "Scheme for Assistance for Start Ups/ Innovation" is an umbrella scheme launched by the Industries and Mines Department, Gujarat under the Gujarat Industrial Policy. Effective from August 7th, 2020 to August 6th, 2025, it aims to drive economic growth by generating jobs, fostering competition, and introducing next-gen solutions. The component "Pre-Series A Funding", bridges the financial gap known as the "valley of death" in a startup's lifecycle. This phase occurs after commercialization, when startups begin generating revenue but have not yet gained significant market traction. Under Gujarat Venture Finance Limited (GVFL), a special fund is created to provide mid-level Pre-Series A funding to startups, particularly those that have received seed support under various government schemes.
Benefits
Bridges Funding Gap: Provides financial support during the critical "valley of death" phase.
Eligibility
Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.
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Required Documents
- ✦Proof of startup registration (Startup India or equivalent).
- ✦Recommendation letter from a Nodal Institution.
- ✦Business proposal document with innovative idea details.
- ✦Financial documents, including projected revenue and funding requirements.
- ✦A declaration of non-availment of incentives under other schemes (except SSIP, if applicable).
- ✦Any other documents (If required).
✦ Required ◦ Optional
How to Apply
OOnline
Quick Info
- Level
- Central Government
- Launched
- 7 Aug 2020