The Rajasthan Startup policy is an outcome of demand of “ease of doing business” for new startup ventures. The objective of this Startup policy is to lead a change by shifting working youth from service industry and help them to build their own ventures.
Under the provisions of Rajasthan Startup Policy 2015, the Government of Rajasthan extends a grant of INR 10,000/- per month for one year as Sustenance Allowance to the eligible startups at Idea/Prototype Stage (post approval by the Committee and Nodal Institution). Sustenance allowance is extended for eligible startups at Idea/Prototype stages only. Incubator will provide support to the startups by providing mentoring services, access to their labs, facilities, etc. on free-of-cost (FOC) basis. The state government will also recommend selected startups to get free access to University / Libraries / Govt. Laboratories / Centre of Excellence / PSUs, etc.
In order to support startups at ideation/ prototype stage, the GoR under the policy provisions provides seed funding support to the startups of iStart Rajasthan. Seed funding is expected to be used by startups to mature their product/ services to MVP or/ and prototype stage and develop the startups for subsequent round of support and funding.
Application Procedure: The eligible startup can apply for sustenance allowance / seed funding at www.istart.rajasthan.gov.in and subject to completion and correction of the application, the startup would be invited to present its idea/ project before the evaluation committee. Subject to evaluation committee’s approval, the nodal institute will approve / reject and disburse the funds in stipulated time.