Matching Grant Scheme — Frequently Asked Questions
Answers to the questions founders most often ask about Matching Grant Scheme — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What is the maximum funding available under this scheme?
The maximum benefit provided under the Matching Grant Scheme is ₹25,00,000 (₹25 lakh).
What is the funding mechanism?
This is an equity co-investment where the Government of Goa provides 25% matching funds in exchange for proportionate ownership of stock.
Which stage of startups are eligible?
Only startups in the pre-product-launch/pre-revenue stage are eligible. The product should not have been previously available in the market.
Is prior funding required?
Yes, startups must have already raised funds from a registered/recognized funding source to be eligible for this matching grant.
How long does it take for application approval and disbursement?
Applications are evaluated, and approval or rejection is notified within 45 days. The approved amount is disbursed within 60 days from the date of approval.
How many startups are selected each year?
The scheme supports 20 startups annually.
Do I need to be DPIIT or MSME registered?
The eligibility criteria do not mention DPIIT or MSME registration. However, you must be certified by the Goa Start-up Promotion Cell (SPC).
What documents are typically needed?
The application requires proof of prior funding from a registered/recognized source, proof of SPC certification, Aadhaar-linked bank accounts for directors, and details of expenditures (incurred after the 2017 policy notification and paid digitally).
How do I apply?
You can apply online through the Goa Startup Mission website (startup.goa.gov.in) or offline by submitting a filled application form and documents via email to spc-dit.goa@gov.in. You must apply at least 1 to 3 months before your product launch.
Is the scheme open to startups outside Goa?
No, the scheme is specifically for startups based in Goa.
What is the application deadline for Matching Grant Scheme?
Matching Grant Scheme runs on a rolling basis with no fixed deadline — applications are accepted on an ongoing basis. Check the official site to confirm the window is currently open.
Does Matching Grant Scheme take equity?
Yes. Matching Grant Scheme is an equity-based investment, meaning the provider takes an ownership stake in exchange for funding. Review the specific terms before accepting.
Who is eligible to apply for Matching Grant Scheme?
Matching Grant Scheme is open to startups at any stage. It is open to startups registered anywhere in India.
Who offers Matching Grant Scheme?
Matching Grant Scheme is offered by Goa Startup Mission, a government body. It is provided as an investment.