8 startups to get incentives under Seed Capital Scheme

Panaji: Chief minister Pramod Sawant chaired a meeting of the empowered committee, where eight applications for seed capital funding from startups were cleared. Officials of the department of information technology, electronics and communication said that the Startup and IT Promotion Cell (SITPC) received 27 applications from startups for seed funding.

After detailed evaluation, the committee cleared 16 startups for further scrutiny and evaluation by the empowered committee.The Seed Capital Scheme, a key initiative under the Goa Startup Policy 2025, provides one-time financial assistance of up to Rs 10 lakh to startups that developed a viable product.“During the meeting, the selected startups from sectors such as IT, artificial intelligence, health tech, tourism tech, OTT media service, media tech, edtech, e-commerce and fintech showcased their innovative solutions developed in Goa,” said an official.The Sawant-led committee selected eight startups from the 16 applications.“The level of innovation we witnessed reaffirms that Goa is rapidly emerging as a serious contender in India’s startup landscape,” said minister for IT, electronics and communications Rohan Khaunte.The committee also handed Rs 50,000 each to 10 student projects under Campus Innovation Scheme.Rayeshwar Institute of Engineering and Information Technology received funding for a next-generation femur implant using optimised conditions of additively manufactured scaffolds for superior biocompatibility, and an industrial safety compliance system using real-time computer vision.

Goa College of Engineering received financial support for an analysis tool developed using a Konkani large language model, and an agriculture bot for smart farming. Padre Conceicao College of Engineering received funding for Colony One, a residential management platform, and for Aerovision, an autonomous edge-powered drone for predictive intrusion defence.Don Bosco College of Engineering received funding for Synapse-Connect, a neuro-muscular signal sentimental integration framework, and for exploration of the feasibility of recyclable material for 3D printing applications.Agnel Institute of Technology and Design received funding for Smart Wear, along with Wingman, an assistive wearable device that translates sign language into text in real time.