Type of Benefit | Fiscal |
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Benefit Details | The Startup can pay SGST to the relevant department and avail reimbursement on a yearly basis for a maximum total turnover of Rs. 1 cr per annum for the first three years of operation. |
Eligibility Criteria | The startup should have annual turnover of less than Rs. 1 cr. per annum. |
Application Procedure |
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OVERVIEW
Policy Name | Telangana Innovation Policy 2017-2022 |
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Website | it.telangana |
Policy Document | Download here |
Nodal Agency | Information Technology, Electronics and Communications Department |
Office Address | Information Technology, Electronics & Communications Department Government of Telangana, D-Block 2nd Floor Room No. 315A, Telangana Secretariat Hyderabad -500022 |
Contact Details | Email: startup-cell@telangana.gov.in |
INCENTIVES
Type of Benefit | Non-Fiscal |
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Benefit Details | Startups and Incubators will be permitted to file self-certification for the following:
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Type of Benefit | Fiscal |
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Benefit Details | The Government shall reimburse 30% of the actual costs including travel incurred in international marketing through trade shows, with a maximum limit of Rs. 5 lakh per year per company. |
Eligibility Criteria | The trade show/event should be listed in the calendar of events issued by the ITE&C Department in a separate memo. |
Application Procedure |
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Type of Benefit | Fiscal |
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Benefit Details | The cost of filing and prosecution of patent application will bereimbursed to the incubated startup companies subject to a limit of Rs. 2 lakh (0.2 million) per Indian patent awarded. For awarded foreign patents on a single subject matter, upto Rs. 10 lakh (1 Million) would be reimbursed. The reimbursement will be done in 2 stages, i.e., 50% after the patent is filed and the balance 50% after the patent is granted. |
Eligibility Criteria | Startup must be incorporated in Telangana. |
Application Procedure |
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Type of Benefit | Fiscal |
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Benefit Details | To promote idea stage companies, the government shall offer recruitment assistance of Rs. 10,000 per employee for the first year. |
Eligibility Criteria |
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Application Procedure |
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Type of Benefit | Fiscal |
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Benefit Details | Startups that record a year-on-year growth rate of 15%, as per audited accounts, shall be eligible to get a grant of 5% on Turnover, subject to a limit of Rs.10lacs within a period of three years from the date of incorporation. |
Eligibility Criteria | Startup must be incorporated in Telangana. |
Application Procedure |
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Type of Benefit | Non-Fiscal |
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Benefit Details | General permission shall be available for 3-shift operations with women working in the night for startups, subject to such units taking the prescribed precautions in respect of safety and security of employees in addition to providing the required welfare and health amenities as prescribed under applicable labour laws and obtaining the necessary approvals from the competent authority of the Government under the Telangana shops and commercial establishments act and rules or the Factories Act 1948 and rules, there under as the case maybe. |
Eligibility Criteria | Startup must be incorporated in Telangana. |
Type of Benefit | Non-Fiscal |
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Benefit Details | The incubator will be permitted to avail renewable energy under open access system from within the state after paying cost component to DISCOMs as fixed by ERC (subject to a maximum of one third of their total power requirements). |
Eligibility Criteria |
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Application Procedure |
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Type of Benefit | Fiscal |
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Benefit Details | Incubators and Host Institutes shall be eligible for 100% reimbursement of the Stamp Duty and Registration Fee paid on sale/ lease deeds on the first transaction and 50% thereof on the second transaction. |
Eligibility Criteria |
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Application Procedure |
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Type of Benefit | Fiscal |
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Benefit Details | The State Government would match the funding raised by the Incubator from the Government of India on a 1:1 basis as matching grant. |
Eligibility Criteria |
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Application Procedure |
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Type of Benefit | Fiscal |
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Benefit Details | The Government will reimburse 25% of the internet charges of the incubator, with a maximum limit of Rs. 2.5 lakh for the first 3 years of operation. |
Eligibility Criteria | Incubator must be incorporated in Telangana. |
Application Procedure |
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Type of Benefit | Fiscal |
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Benefit Details | In case of Government-owned buildings leased to technology incubators, no lease rent or O&M charges will be levied for a period of five years or until the incubator is selfsustainable, whichever is earlier. In case where private premises are taken on lease / rent basis, a rental reimbursement @ Rs. 5 per sq.ft per month or 25% of the actual rent paid, whichever is less, shall be reimbursed for a period of 3 years. This shall be limited to the incubation space only. |
Eligibility Criteria | The incubator can apply for reimbursement after a minimum of 1 year since commencement of operations and have a minimum of 10 employees on the date of application. |
Application Procedure |
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Type of Benefit | Fiscal |
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Benefit Details | The State Government would match the funding raised by the Incubator from the Government of India on a 1:1 basis as matching grant.An investment subsidy of 20% of the value of the Capital Expenditure, other than land and building, shall be provided to Incubator. This subsidy shall be limited to a maximum of Rs. 30 Lakhs. |
Eligibility Criteria | The focus areas of the incubator should be distinct from those of existing government recognized/supported incubators. |
Application Procedure |
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