VentureStudio, Ahmedabad University is one of the Nodal Institutes for The Government of Gujarat Startup scheme. The scheme offers upto Rs 30 lakhs for Eligible Innovative Entrepreneurs for both product and business development. VentureStudio assists its incubated startups to apply and get approved for the scheme. To date 15 of our  startups have been approved under the scheme.

Assistance for Innovation

• Rs. 20,000/- per month will be provided to the innovator as sustenance allowance for one year whose project is recommended and approved by institution’s Screening Committee.
• Up to Rs. 15.00 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 Screening Committee.
• The institution will support to the innovator by providing mentor services.
• The institution will allow the innovator to use facilities available in the institution for start ups.
• The government 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.

Assistance once the Idea/Concept get commercialized

• Marketing/publicity assistance of up to Rs. 15.00 lakhs will be provided for the introduction of innovated product in the market.
• The project will be eligible for other benefits available under MSME schemes