Eligibility Criteria
- The startup must hold a valid MASI ID.
- The startup must provide proof of GST taxes paid issued by the competent authority (Sales Tax Department).
Procedure
- Submit the online application (Annexure 2 and Annexure 3) with proof of GST paid.
- If approved, the reimbursement will be processed annually.
Timeline
Payment will be made on an annual basis, once the application is approved.
Required Documents
- MASI ID.
- Proof of GST taxes paid.
Reimbursement of Stamp Duty/Registration Fee/Conversion Fee
Amount
Up to INR 50,000 for the first transaction.
Eligibility Criteria
- Available for lease/sale deed executed after the announcement of the Startup Assam Policy.
- The deed should be in the name of the startup or one of its directors.
- The reimbursement applies only to property used to establish a facility for the startup's business.
Procedure
- Submit the online application with relevant documents (Annexure 2 and Annexure 3).
- Reimbursement will be processed once the application is approved.
Timeline
One-time payment upon approval.
Required Documents
- Lease/sale deed.
- Proof of transaction.
Digital Upgradation Subsidy
Amount
50% of capital expenditure (max INR 1 lakh).
Eligibility Criteria
- Startup must provide a legal itemized bill as proof of purchase.
- The purchase should occur after the notification of the Startup Assam Policy.
- A self-attested declaration that the items will not be resold for at least one year must be submitted.
Procedure
- Submit the online application (Annexure 2 and Annexure 3).
- If approved, reimbursement will be processed.
Timeline
One-time payment upon approval.
Required Documents
- Proof of purchase (itemized bill).
- Self-attested declaration.
Lease Rental Reimbursement
Amount
50% reimbursement (up to INR 5 lakh per year for 3 years).
Eligibility Criteria
- The startup must employ at least 5 full-time employees.
- Rent agreement should be in the name of the startup or one of its directors.
- Proof of rent paid (receipts or bank statements) is required.
Procedure
- Submit the online application (Annexure 2 and Annexure 3) with proof of rent payment.
- Reimbursement will be processed once the application is approved.
Timeline
One-time payment upon approval.
Required Documents
- Rent agreement.
- Proof of rent payment.
Power Subsidy
Amount
50% reimbursement (up to INR 1 lakh per annum for 5 years).
Eligibility Criteria
- The startup must provide electricity bills in the name of the startup or its directors.
- The bills must be generated after the release of the Startup Assam Policy.
Procedure
- Submit the online application (Annexure 2 and Annexure 3) with proof of electricity bill payment.
- Reimbursement will be processed once the application is approved.
Timeline
Reimbursement processed annually.
Required Documents
- Electricity bill.
- Proof of payment.
100% Reimbursement of Patent Filing Costs
Amount
INR 1 lakh for domestic patents, INR 5 lakh for international patents.
Eligibility Criteria
- The startup must file a patent application and submit the necessary forms (AFR, Form 1/5/18, etc.).
- For the balance payment, the startup must submit a copy of the granted patent certificate.
Procedure
- Submit the online application (Annexure 2 and Annexure 3) with the patent application and related forms.
- Reimbursement will be processed in two phases: 75% after filing and 25% after granting the patent.
Timeline
Payment after filing and granting of the patent.
Required Documents
- Patent application and relevant forms.
- Patent certificate.
One-time Incentive for Hiring Women, Transgender, and Differently Abled Employees
Amount
INR 5,000 per employee (up to INR 1 lakh for 20 employees).
Eligibility Criteria
- The employee must be a woman, transgender, or differently abled.
- The employee must be employed for at least 12 months before applying for the benefit.
Procedure
- Submit the online application (Annexure 2 and Annexure 3) with proof of employment.
- Reimbursement will be processed once the application is approved.
Timeline
One-time payment upon approval.
Required Documents
- Proof of employment.
- Proof of salary payment.
Marketing and Promotion Assistance
Amount
50% reimbursement (up to INR 5 lakh).
Eligibility Criteria
- The startup must submit a detailed statement of expenditures and receipts for promotional expenses.
- Marketing expenses like travel, event participation, and marketing collaterals are eligible.
Procedure
- Submit the online application (Annexure 2, Annexure 3, and Annexure 4) with receipts of marketing expenses.
- Reimbursement will be processed once the application is approved.
Timeline
One-time payment upon approval.
Required Documents
- Receipts/invoices of marketing expenses.
- Travel documents if applicable
Incentive for Entrepreneurs
Amount
INR 20,000/month for 1 year.
Eligibility Criteria
- The startup must have a validated prototype or working model.
- None of the entrepreneurs should have an alternate source of income.
Procedure
- Submit the online application (Annexure 2 and Annexure 3).
- If approved, payment will be made monthly for one year.
Timeline
Monthly payment upon approval.
Required Documents
- Proof of prototype/working model.
- Declaration of no alternate income.
One-Time Idea2POC Grant
Amount
INR 5,00,000 for R&D or Proof of Concept.
Eligibility Criteria
- The idea must be recognized by the Nodal Agency as having the potential for new product/service development.
Procedure
- Submit the online application (Annexure 2 and Annexure 3)./li>
- If approved, payment will be made to support R&D or pilot launch.
Timeline
One-time payment upon approval.
Required Documents
- Proof of project/idea recognition.
- R&D or proof of concept plans.
Scale-up Grant
Amount
INR 50,00,000 (including Idea2POC Grant).
Eligibility Criteria
- The startup must have completed proof of concept or successful pilot.
- Customer validation or early revenue is required.
Procedure
- Submit the online application (Annexure 2 and Annexure 3).
- The grant will be processed in tranches based on milestones.
Timeline
Payment based on milestone achievements.
Required Documents
- Proof of customer validation/early revenue.
- Milestone-based progress report.
Application Process for Incentives
- Step 1: Startups must first obtain a MASI ID.
- Step 2: The startup submits an online application for the incentive(s) using the prescribed forms.
- Step 3: The Nodal Agency reviews applications and documents, then forwards recommendations to the Startup Council.
- Step 4: The Startup Council approves the applications and disburses the funds.
- Step 5: Disbursements are made directly to the startup's registered bank account within 2-4 weeks.
For further assistance, startups can refer to the detailed forms (Annexure 2, Annexure 3, and Annexure 4) available on the official Startup Assam portal.
For more details, visit the official Startup Assam Portal
