Reimbursement of SGST
Eligibility
All eligible startups shall submit their claims in the prescribed application form and attach the documents mentioned on the portal given at Annexure â II for Reimbursement of SGST within six months after completion of every half year i.e., last date for filing claim application is 31st of March for first half-year and 30th of September for the second half-year.
Evaluation Process
The Nodal Office, Telangana State Innovation cell, on receipt of the required documents, will scrutinize and perform necessary due diligence. On confirmation of the Startup eligibility, an assessment of the eligible reimbursement shall be recommended by the nodal office.
Reimbursement of International Marketing Costs Trade Shows
Eligibility
All eligible startups shall submit their claims in the prescribed application form and attach the documents mentioned on the portal given at Annexure â III for Reimbursement of 30% of the annual cost in International marketing through trade shows, limited to a subsidy of INR 5 lacs per company during the first 3 years of incorporation.
Additionally to claim the reimbursement under this incentive, the startup application needs to be endorsed by one of the state supported incubators (Format of endorsement Annexure â VI).
Evaluation Process
The Nodal Office, Telangana State Innovation cell, on receipt of the required documents, will scrutinize and perform necessary due diligence. On confirmation of the Startup eligibility, an assessment of the eligible reimbursement shall be recommended by the nodal office.
All reimbursement recommendations will be presented to the startup council who shall then make a decision on sanction/disbursement keeping in view the available budget for the year. The decision of the startup council in this regard to sanctioning of any reimbursement under this incentive will be final
Reimbursement of the expenses incurred for Patent Registration
Eligibility
All eligible startups shall submit their claims in the prescribed application form given at Annexure â IV for Reimbursement of the expenses incurred for patent registration within six months from the date of obtaining patent along with required documents mentioned in the Application on the portal.
Eligible startups should have already filed or been granted a patent with the concerned authority and would have paid all the mandatory fees/expenses in this regard.100% Reimbursement of the expenses incurred for patent registration limited to Rs.2.00 Lakhs for Indian patent awarded.Â
Evaluation Process
The Nodal Office, Telangana State Innovation cell, on receipt of the required documents, will scrutinize and perform necessary due diligence. On confirmation of the Startup eligibility, an assessment of the eligible reimbursement shall be recommended by the nodal office.
All reimbursement recommendations will be presented to the startup council who shall then make a decision on sanction/disbursement keeping in view the available budget for the year. The decision of the startup council in this regard to sanctioning of any reimbursement under this incentive will be final.
Reimbursement of Recruitment Assistance
Eligibility
All eligible startups shall submit their claims in the prescribed application form given at Annexure â V for Reimbursement of reimbursement of recruitment assistance for an amount of INR 10,000 per employee for the first year of commercial operations.
The startup should submit the list of Telangana domiciled employees who have been employed with the company for at least a period of 8 months as on the date of the appointment along with their appointment letters, domicile proof duly certified by the promoter.
Evaluation Process
The Nodal Office, Telangana State Innovation cell, on receipt of the required documents, will scrutinize and perform necessary due diligence. On confirmation of the Startup eligibility, an assessment of the eligible reimbursement shall be recommended by the nodal office.
All reimbursement recommendations will be presented to the startup council who shall then make a decision on sanction/disbursement keeping in view the available budget for the year. The decision of the startup council in this regard to sanctioning of any reimbursement under this incentive will be final.
Performance Related Grant
Eligibility
All eligible startups shall submit their claims in the prescribed application form given at Annexure â VI for Performance related grant within nine months from the date of closing of a financial year.
Startups that record a year-on-year growth rate of 15%, as per audited accounts, shall be eligible to get a grant of 5% on Annual Turnover, subject to a limit of INR 10 Lakhs within a period of three years from the date of incorporation
Evaluation Process
The Nodal Office, Telangana State Innovation cell, on receipt of the required documents, will scrutinize and perform necessary due diligence. On confirmation of the Startup eligibility, an assessment of the eligible reimbursement shall be recommended by the nodal office.
All reimbursement recommendations will be presented to the startup council who shall then make a decision on sanction/disbursement keeping in view the available budget for the year. The decision of the startup council in this regard to sanctioning of any reimbursement under this incentive will be final
Grants for the startups with grassroot/rural impact
PROCEDURE FOR CLAIMING GRANT OFFERED UNDER THE SCHEME:
Preconditions for availing this incentive
- Recognized as a startup by Government of Telangana ANDÂ
- Recognized as a âStartup with Grassroot/Rural Impactâ as per the definition mentioned in G.O.Ms.No. 8 dated 27-07-2021.
Evaluation Process
The Nodal Office, Telangana State Innovation Cell, on receipt of the applications, will scrutinize and perform necessary due diligence. On confirmation of the Startup eligibility, an assessment of the eligible grants shall be recommended by the nodal office.
All grants recommendations will be presented to the Grassroot Advisory Council who shall then make a decision on sanction/work order/disbursement keeping in view the available budget for the year. The decision of the Grassroot Advisory Council in this regard to sanctioning of any work order/purchase order under this incentive will be final.
- All eligible startups with grassroot/rural impact shall apply in the prescribed application form given below on the portal for Procurement related grant.
Public Procurement incentives for startups with grassroot/rural impact
PROCEDURE FOR CLAIMING PROCUREMENT GRANT OFFERED UNDER THE SCHEME:
Preconditions for availing this incentive
- Recognized as a startup by Government of Telangana ANDÂ
- Recognized as a âStartup with Grassroot/Rural Impactâ as per the definition mentioned in G.O.Ms.No. 8 dated 27-07-2021.
- A letter of intent must be submitted by the competent authorities of the concerned government departments or district administrations. The startup may directly work with TSIC to source this letter of intent, if all other eligibility criteria are fulfilled.
Evaluation Process
The Nodal Office, Telangana State Innovation Cell, on receipt of the applications, will scrutinize and perform necessary due diligence. On confirmation of the Startup eligibility, an assessment of the eligible grants shall be recommended by the nodal office.
All grants recommendations will be presented to the Grassroot Advisory Council who shall then make a decision on sanction/work order/disbursement keeping in view the available budget for the year. The decision of the Grassroot Advisory Council in this regard to sanctioning of any work order/purchase order under this incentive will be final.
All eligible startups with grassroot/rural impact shall apply in the prescribed application form given below on the portal for Procurement related grant.