Question: What is Seed Capital Scheme?

Answer: on the indicative expenditure required?The indicative expenditure includes a breakdown of material/items, their quantities, and
unit costs in rupees, resulting in a total cost.What additional requirements are there for obtaining further benefits under this scheme?To
obtain further benefits, the applicant must document the journey to the Minimum Viable Product (MVP), user feedback, obstacles faced,
and means to overcome them. This documentation should be submitted to the SPC within 5 months from availing the incentive.What is
the timeline for notifying the approval or rejection of applications?The SPC will evaluate and notify the approval or rejection of
applications within 45 days from the receipt of the application. If approved, the amount will be disbursed within 60 days from the date of
approval.Can start-ups apply for this scheme at any time of the financial year?Yes, applicants can apply for this scheme at any time
during the financial year.Sources And ReferencesStartup Goa SchemesGuidelinesStartup Goa WebsiteContact UsOkWas this helpful?
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earlier.To know more please visit CancelApply NowGoaSeed Capital SchemeBusinessEntrepreneurSeed
CapitalStartupDetailsBenefitsEligibilityApplication ProcessDocuments RequiredFrequently Asked QuestionsThe scheme â€œSeed
Capital Schemeâ€​ is a scheme by the Department of Information Technology, Electronics and Communications, Government of Goa, for
the Startups of Goa. Through this scheme, startups with a promising idea can get a one-time grant of up to â‚¹ 10,00,000.OkWas this
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**Benefits:** of this scheme and other schemes under the Goa Startup Policy 2017.Is there a specific format for the document detailing the
journey to the MVP and user feedback?The format for documenting the journey to the MVP and user feedback may not be specified, but
it should provide a clear and comprehensive account of the process and feedback received.Could you explain the term "prototyping
methodology" briefly?"Prototyping methodology" refers to the approach or process used to create a prototype of the product. It outlines
the steps and methods for developing a working model.What is the significance of the term "Indicative expenditure"?"Indicative
expenditure" refers to an estimate of the expected costs involved in developing the Minimum Viable Product (MVP). It helps startups
plan their budget.Can you explain the concept of a Minimum Viable Product (MVP)?A Minimum Viable Product (MVP) is a basic
version of a product with enough features to attract early users and gather feedback. It helps startups test their ideas with minimal
investment.Are there any declarations or consents that applicants need to provide?Yes, applicants need to provide declarations and
consents, including consent to abide by SPC decisions, consent for logo use, and consent for research participation.Could you provide