Science, Technology and Innovation (STI): Incentive scheme for startups in public sector in Gujarat:

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.

Benefits:

  • 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.

Eligibility:

  • Faculty in colleges & universities
  • Scientists in research labs in university departments
  • Students
  • 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

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