The Gujarat Government has announced an incentive scheme for startups called Science, Technology and Innovation (STI). The scheme will provide assistance for startup in research & development along with pilot deployment & demonstrations. The scheme is a part of the Innovation Fund & startups which are working in the public sectors are eligible for the scheme. Startups which are working on the technologies which solves most critical & common issues of the citizens of the states are preferred under the scheme.
The primary objective of the scheme is to empower startups & help them be successful. The scheme was announced by the chief secretary, Government of Gujarat J N Singh. Dedicated fund of Rs. 50 crore has been created for Science, Technology and Innovation (STI) Policy.
What is Science, Technology and Innovation (STI) Scheme: A scheme by the Gujarat Government to incentive startups in the state.
- Support in research & development for the startups along with
- Support in pilot deployment & testing of technologies
Technology Demonstration and Pilot Deployment Programme:
- A program to be implemented by the Gujarat Council on Science & Technology (GUJCOST)
- Startups can deploy solutions for the complex social problems & test it out
- Governments gets the real feedback on the solution based on which it can take a decision of implementation of the solution with the help of the product developed by the startups
- Some of the most common problems are: Solid Waste Management, Liquid Waste Management, Urban Planning, Urban Mobility, pollution abatement etc.
- Faculty in colleges & universities
- Scientists in research labs in university departments
- Startups, SMEs & Entrepreneurs
The innovation fund will reduce the time required for the R&D due to government support in testing feasibility of the solution. Startups which already have solutions to the common problems can demonstrate them & market them.
How Solutions are Selected?
- A technical advisory committee to be formed
- It will evaluate all the proposals
- Then the proposals are forwarded to the high power committee
- It will be headed by the Chief Secretary
- He will approve the solutions to be deployed