New Startup/Innovation Policy (2016-21)

Investment in Science, Technology and Innovation (STI) is essential for economic development and social progress. STI serves as a crucial driver of rising prosperity, improved national competitiveness, sustainable and inclusive growth. Since innovation is central to translating scientific knowledge and technological know-how into useful products, services and employment, Governments world over have been fostering closer linkages between universities and industry through government funded University−Industry Partnership programmes. There is an important relationship between economic growth and research & development...

Click here to download Scheme of Assistance

  • To create a vibrant start-up culture where in ideas materialize into products, entrepreneurs are mentored, businesses are incubated and product or process innovation is facilitated to become a business of global scale to contribute to economic prosperity of the state and to generation of employment.

The key objectives of this policy during its operative period are:

  • Facilitate at least 2000 start-ups
  • Establish at least 50 incubators in Gujarat
  • Develop 1 million sq.ft of incubation space
  • Facilitate investment of USD 1 billion to start-ups