In a first, the Gujarat govt has come up with a student startup and innovation policy, which will provide Rs. 200 crore in the form of grants to ideas developed by students.
The policy aims to support over 1,000 student-led startups and innovations as well as create an Innovation and Pre-incubation Ecosystem Support (IPIES) across all universities of the state.
Under the pre-incubation support, it would help convert ideas of students from proof of concept (PoC) upto minimum viable proto type (MVP), besides providing support for patent filing.
Under the policy , Gujarat government would provide Rs. 200 crore as State Innovation Fund during the next five years, of which Rs. 100 crore will be allocated by the state government and the remaining amount will be created by internal sources, like university funds and CSR funds.