Sarkari Yojana
Matching Grant Scheme
About Matching Grant Scheme
Startups in Goa can benefit from the “Matching Grant Scheme” of the Department of Information Technology, Electronics and Communications, Government of Goa, which forms part of the Start-up Policy 2017. Start-ups that secure funds from a registered/recognized funding source before the product launch phase receive 25% of the matching funds, or at most ₹ 25,00,000, at proportionate ownership of stock, once the Start-up Promotion Cell (SPC) has completed due diligence.
Scheme Overview
State Government
Startup Promotion Cell (SPC)
Business Entity
Scheme Details
Eligibility Requirements
To qualify for Matching Grant Scheme, applicants must satisfy the following conditions:
Any Start-up certified by the Start-up Promotion Cell…
Any Start-up certified by the Start-up Promotion Cell (SPC) and holding a valid start-up certificate number can apply.
The product for which the benefit is claimed…
The product for which the benefit is claimed must not have been sold in the market before. NOTE: Reimbursement covers only expenditure incurred after the Goa Start-up Policy 2017 was notified, within the policy's validity, and paid digitally. Where digital payment is not possible, the SPC will decide, after due diligence, whether to admit the expense.
Benefits Provided
Matching Grant Scheme provides the following benefits to eligible applicants:
A start-up that raises money from a registered/recognized…
A start-up that raises money from a registered/recognized funding source ahead of product launch is given 25% of the matching funds or up to ₹ 25,00,000, at proportionate ownership of stock, following due diligence by the Start-up Promotion Cell (SPC).
Each year, 20 start-ups can get this benefit,…
Each year, 20 start-ups can get this benefit, chosen by the SPC in line with its due diligence and guidelines.
After the SPC approves an application, the sanctioned…
After the SPC approves an application, the sanctioned sum is released within 60 days of approval. NOTE: The benefits are never to be treated as an entitlement, and the SPC alone has the right to accept or reject applications.
Documents Required
Applicants should keep the following documents ready before starting the application:
Documents Required
Documents Required
A complete Business Model Canvas
A complete Business Model Canvas*
Aadhaar Card copy of the Director/CEO
Aadhaar Card copy of the Director/CEO*
A bank certificate confirming that funds were transferred…
A bank certificate confirming that funds were transferred to the company's account*
Funding agency details or its Registration Certificate
Funding agency details or its Registration Certificate*
The Term Sheet/ Funding Instrument
The Term Sheet/ Funding Instrument*
The form and documents listed in Annexure 1…
The form and documents listed in Annexure 1* NOTE: The company's Directors must have Aadhaar-linked bank accounts.
How to Apply
Online Application
Applicants can apply for Matching Grant Scheme through the online application process outlined below.
Open the Official Website of Goa Startup Mission
Open the Official Website of Goa Startup Mission.
Confirm your Email ID and Mobile Number by…
Confirm your Email ID and Mobile Number by OTP, after which the Registration Page opens.
On the Registration/Signup Page, complete the mandatory fields…
On the Registration/Signup Page, complete the mandatory fields such as Country, Name, Date of Birth, Address, PIN Code and Gender.
Choose a Login Name and a strong Password,…
Choose a Login Name and a strong Password, which may include special characters like @ # $ % ^ & + =.
Read the Declaration and the Terms & Conditions…
Read the Declaration and the Terms & Conditions with care and tick the checkboxes.
Type the Captcha Code and click "Register/Signup"
Type the Captcha Code and click "Register/Signup".
Sign in with your Login Name and Password,…
Sign in with your Login Name and Password, enter the Captcha Code and click "Login".
Go to the scheme's online application form
Go to the scheme's online application form.
Complete all mandatory fields and upload the mandatory…
Complete all mandatory fields and upload the mandatory documents (self-attested if required).
Submit the application and keep the application reference…
Submit the application and keep the application reference number for tracking. OR
Print the proforma of the application form, fill…
Print the proforma of the application form, fill in all mandatory fields and attach copies of the mandatory documents (self-attested if required).
Email the completed and signed form with the…
Email the completed and signed form with the documents to the SPC at spc-dit.goa@gov.in NOTE: Applications are accepted at any point in the financial year, but no later than 1- 3 months before the product launch. Notification The SPC evaluates each application and communicates approval or rejection within 45 days of receiving it.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.