K.S.Patel Center for Enterpreneurship

NODAL CENTRE TO FACILITATE STARTUP / INNOVATION BY INDUSTRIES COMMISSIONERATE, DEPT. OF INDUSTRIES AND MINES, GOVT. OF GUJARAT

Name of the Scheme: Scheme for Assistance to Startups / Innovation

RK University is glad to inform you that its incubation and entrepreneurship body – K S Patel Centre for Entrepreneurship (KSPCE), RKU has been bestowed with the status of a nodal centre to facilitate startup, innovation and incubation support through a unique Scheme of Government of Gujarat to facilitate enterprise development in the Saurashtra region. Promotion of Startups / Innovation Scheme launched by Industries Commissionerate, Dept. of Industries and Mines, Govt. of Gujarat, Gandhinagar intends to provide financial assistance for innovative project ideas that has potential for becoming a marketable product. There are many other benefits announced under the new industries’ policy of Govt. of Gujarat. Any person (student, faculty non-RKU person) can apply.

The objective of K S Patel Centre for Entrepreneurship (KSPCE) Nodal centre at RKU is to develop and refine the entrepreneurial competencies of any citizen willing to take up innovation and entrepreneurship by providing them with financial support to aid the development of their innovative product and business ideas. The specialized inputs enable students to learn the nitty-gritty of innovation, financial and marketing management right from their intake at the University. Thus, they emerge as dynamic thinkers and doers. The Nodal Centre shall help nurture entrepreneurial values in each student by developing their core behavioral values to emerge as creative, competent and confident individuals who are not job seekers but job providers.

Key Points of the Programme are as follows.

  • For innovative idea having market potential, the innovator gets Rs. 10000/- per month for 12 months as sustenance allowance.
  • The innovator gets a fund up to Rs. 10 lacs as cost of raw material / process / components etc. to convert the idea into a product.
  • Once the product is ready, Govt. shall provide a fund of up to Rs.10 lac for marketing / publicity of the product.
  • Beside this there are many benefits related to VAT, subsidy in loan interest etc.
  • The startup / innovator gets incubation support and hand-holding support for their innovative idea and startups during their entire incubation period along with networking with industries and Venture capital fund.
  • will support selected innovators to get free access to university / libraries / govt. Laboratories / SDCs (GIDC) / Center of Excellence / PSUs to have more clarity on his innovative ideas / concepts.

Who is eligible to apply?

Any individual / group of individuals having innovative idea / Concept will be eligible.Universities / education institutions, Incubation Centre / PSUs / R&D Institutions / Private and other establishments will be eligible as an institution to support and mentor to innovators as approved by Committee.

Download Application Form for Innovators

ASSISTANCE MADE AVAILABLE UNDER THE SCHEME:

  • K S Patel Centre for Entrepreneurship at RKU will support innovator and entrepreneurs by providing mentor services.
  • K S Patel Centre for Entrepreneurship at RKU will allow the innovator to use incubation facilities available in the institution for startups.
  • 10000/- per month will be provided to the innovator as sustenance allowance for one year whose project is recommended by institution as approved by Committee.
  • Up to Rs. 10.00 Lakhs assistance will be provided for Cost of Raw Material / Components & other related equipment required for the innovative process for the new product development based on approval of the committee.
  • will support selected innovator to get free access to University / Libraries / Govt. Laboratories / SDCs (GIDC) / CoE / PSUs to have more clarity on his innovative ideas/concept.

Application Form for Funding

Applications are open for submission of proposals for funding up of innovative products / startups Annexure-1 Application Form for Innovators’ to availing Assistance under Nodal Institutions for the Startups / Innovation scheme

The Proposal duly filled up by prospective funding seekers may be submitted to incubation@rku.ac.in. You may also call up our incubation managers in case you need any support.

Mr. Nirav Mandavia
Incubation Manager,
K S Patel Centre for Entrepreneurship,
RK University,
Mobile: 9879198882,
email id: incubation@rku.ac.in