Scheme to Provide Grant In Aid for Prototyping Technology-Based Innovative Products under Virtual Innovation Register (VIR)

The Goa State Innovation Council (GSInC) provides a grant-in-aid of up to ₹20,000 to support the prototyping of technology-based innovative products and ideas that have been registered under the Virtual Innovation Register (VIR). The scheme aims to help students, startups, innovators, research faculty, and entrepreneurs who need financial assistance to turn their ideas into working, marketable prototypes or products. It is not a competition but a direct grant that is disbursed by an Advisory Committee upon approval of the prototype project.

The key objectives of this scheme are:

• To provide financial support for converting technology-based innovative ideas into working prototypes or marketable products.
• To encourage innovators to develop sustainable technologies by offering grant-in-aid for prototyping.
• To create a vibrant innovation ecosystem by speeding up the implementation of innovative ideas.

• Grant up to ₹20,000 for prototyping technology-based products
• Open to students, startups, innovators, research faculty, and entrepreneurs in Goa
• Mandatory registration under the Virtual Innovation Register (VIR)
• Lump-sum disbursement for project materials or academic costs
• Rolling applications – no fixed deadline

Applicants must be Indian citizens and residents of Goa. The scheme is open to students (from high school to final year college), startups, innovators, research faculty, and entrepreneurs. The project must involve hardware or software-based product innovation. Registered startups (Partnership, LLP, Private Limited Company) as well as unregistered innovators are eligible. Mandatory prerequisite: registration as a New Idea under the Virtual Innovation Register (VIR).

Scheme to Provide Grant In Aid for Prototyping Technology-Based Innovative Products under Virtual Innovation Register (VIR) is open to startups at any stage. It is open to startups registered anywhere in India.

Scheme to Provide Grant In Aid for Prototyping Technology-Based Innovative Products under Virtual Innovation Register (VIR) accepts applications on a rolling basis — there is no fixed cut-off date, so eligible startups can apply at any time. Because rolling programmes can pause without notice, confirm the window is still open on the official site before you start.

The scheme provides a grant of up to ₹20,000 (INR 20,000) per project, disbursed as a single lump-sum installment. The grant is approved by the Advisory Committee of GSInC. It can be used for:

• Prototyping Material – tools and materials required for building the prototype.
• Academic Projects – if applying through an educational institution, the grant may support academic project costs. The grant must be utilized within the same financial year (by March of the subsequent year).

Scheme to Provide Grant In Aid for Prototyping Technology-Based Innovative Products under Virtual Innovation Register (VIR) is offered by Goa State Innovation Council (GSInC), a government body. As a government-backed grant, it is publicly funded and open to eligible startups across India. You can verify current details and timelines on the provider's official website before applying.

The Selection Committee of GSInC meets periodically to review and approve projects. The committee consists of a Chairman and two members appointed by the Chairman. Decisions are communicated via email within 7 working days of the committee meeting. All decisions regarding selection are final and binding. Awardees must maintain and submit copies of bills/invoices for prototype materials to GSInC.

Before you apply to Scheme to Provide Grant In Aid for Prototyping Technology-Based Innovative Products under Virtual Innovation Register (VIR), keep the following documents ready:

• A pitch deck or short business plan describing the problem, product and traction
• Company registration documents and PAN
• Founder identification (PAN / Aadhaar) and brief profiles
• Recent financial statements or projections
• Product details — a demo, prototype or working link if available

Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.

Scheme to Provide Grant In Aid for Prototyping Technology-Based Innovative Products under Virtual Innovation Register (VIR) is best suited for startups in India seeking non-dilutive funding of ₹20,000. If that describes your startup, review the eligibility criteria above before applying.