PANJIM: The State Information & Technology (IT) Department has extended the 2017 StartUp Policy by six months, until September 27, 2021.
“The StartUp Policy - 2017 has been extended for a period of 6 months bearing validity from 28/03/2021 to 27/09/2021. We invite start-ups to step forward and take advantage of these schemes. @Startup_Goa,” said IT Minister Jennifer Monserrate in a tweet.
She further announced that several other schemes and benefits have been extended too by six months. These are the schemes for 'Matching Grant'; 'Seed Capital'; ‘Interest Subsidy Reimbursement’; ‘Salary Reimbursement’; ‘Incubator Grant’; ‘Stamp Duty Reimbursement’; ‘Reimbursement of Expenses for Start-ups Operating from Leased/Own Premises’; ‘R&D Reimbursement’; ‘IPR Reimbursement’; ‘Skill Development Promotion’; ‘Skill Development Fee Reimbursement’; ‘Co-working Space & Subsidy’; ‘Trademark Reimbursement’; and Technology Fellowship & Patent Promotion Scheme.’
It is to be noted that this is the second time the scheme has been extended. This comes at a time when the industry stakeholders had been critical of how the Policy had earlier lapsed in September 2020 and was extended till March 27, 2021. Stakeholders in the industry were also hoping for the new Startup Policy to be finalised and notified instead of just extending the validity of the old policy.