GU invites startup scheme applications for entrepreneurs

Panaji: Goa University (GU) has sought applications under the ‘Handholding and Start-up’ scheme, supported by the department of science and technology—PURSE (Promotion of University Research and Scientific Excellence). This scheme aims to harness the talent of Goan entrepreneurs in addressing societal problems and providing value-added solutions. It is open to Goa residents aged 18 to 62.

A GU expert faculty member will be part of the proposal and will mentor the project. The scheme enables entrepreneurs to demonstrate the feasibility of a concept that could be developed into a startup business.

Every year, GU funds 5-10 project proposals in the range of Rs 20,000 to Rs 1 lakh each. It also provides domain expertise, infrastructure, workspace, human resources and connectivity with investors.

The project proposals can be in the domain of technologies, electronics, chemical and biological and physical processes, or social science and language science.

Applicants can submit more than one application form, GU has said.

The applicant can be an individual or a team. All applicants or team members must be Goa residents with a 15-year residence certificate and identify a GU faculty member as a project mentor.

GU has said it will offer the applicants investment with opportunities for follow-up funding, support for intellectual property development and registration, mentorship with Indian experts, networking with key stakeholders from Goa and India, opportunities for validation studies, commercialisation, deployment, and a technology showcase opportunity.

“An IPR scheme committee, along with additional invited members if any, will evaluate the quality of proposals and assess their technical base. Every year, the five best proposals will be shortlisted. The recommendation of this committee will be final. External members from outside Goa University (2 or more, depending on the type of proposals) will be included. Two levels of screening will be done depending upon the number of applications received,” GU has said.










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