Question: Am I eligible for Matching Grant Scheme?

Answer: Here are the eligibility criteria for Matching Grant Scheme:

criteria will receive benefits under this scheme?No, there is no guarantee of benefits under this scheme. The Start-up
Promotion Cell (SPC) retains the sole authority to accept or reject applications, even if start-ups meet the eligibility criteria.How many
start-ups can avail of the benefits under this scheme each year, and how are they selected?Up to 20 start-ups can benefit from this
scheme annually, and the selection process is carried out by the SPC. The SPC selects eligible start-ups based on its due diligence and in
accordance with its guidelines.Could you elaborate on the benefits offered under the Matching Grant Scheme, particularly for start-ups
raising funds before the product launch phase?Certainly, under the Matching Grant Scheme, start-ups that secure funds from a
registered/recognized funding source before the product launch phase are eligible for benefits. They can receive 25% of matching funds,
up to a maximum benefit of INR 25 lakh. The actual benefit amount is determined based on the proportionate ownership of stock after
due diligence by the Start-up Promotion Cell (SPC).What is the official name of the scheme discussed in this document, and when does
it come into effect?The scheme discussed here is called the "Matching Grant Scheme," and it is already in effect.Could you explain the
concept of "proportionate ownership of stock" in the context of the benefits provided by the Matching Grant Scheme?Proportionate
ownership of stock means that the benefits a start-up receives are proportional to the ownership stake held by investors or funding
sources.Sources And ReferencesGuidelinesApplication FormOkWas this helpful?News and UpdatesNo new news and updates
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NowGoaMatching Grant SchemeBusinessEntrepreneurGrantStartupDetailsBenefitsEligibilityApplication
ProcessDocuments RequiredFrequently Asked QuestionsThe scheme â€œMatching Grant Schemeâ€​ is a scheme by the Department of
Information Technology, Electronics and Communications, Government of Goa, for the Startups of Goa. The scheme is a part of the
Start-up Policy 2017. The Start-ups that raise funds from a registered/recognized funding source prior to the product launch phase will
be provided 25% of the matching funds or a maximum benefit of â‚¹ 25,00,000, at proportionate ownership of stock, subsequent to due
diligence by the Start-up Promotion Cell (SPC). OkWas this helpful?ShareNews and UpdatesNo new news and updates
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