Type of Benefit |
Non-Fiscal |
Benefit Details |
Self-Declaration shall be submitted by Start-ups annually as per the format prescribed by State Government |
Department of Industries
Department of Industries, 2nd floor, Vikash Bhawan, Patna - 01
DIPP Recognised Startups
Women-Led Startups/Women Entrepreneurs
Key Sector
Type of Benefit |
Non-Fiscal |
Benefit Details |
Self-Declaration shall be submitted by Start-ups annually as per the format prescribed by State Government |
Type of Benefit |
Non-Fiscal |
Benefit Details |
State Government Departments/ PSUs shall be advised to give preference to Start-ups in procurement process for products/ services |
Type of Benefit |
Fiscal |
Benefit Details |
State Government shall endeavour to allot 10% of spaces in forthcoming industrial parks, SME Clusters and Hub for Start-ups/incubators/ Common Shared Infrastructure on preference. |
Type of Benefit |
Fiscal |
Benefit Details |
A Seed Grant of up to Rs 10 Lakhs per Start-up as interest free loan for 10 years shall be provided to start-ups. This financial assistance shall be released on achieving milestones/phases and performance parameters as defined in the rating system. The financial assistance may also be provided to start-ups for validation of idea, prototype development, assistance towards travelling costs and carrying out field/ market research/ skill training/ marketing and initial activities to setup a Start-up etc. The actual amount of funding shall be based on the assessment made by rating agency. The loan shall be returned after 10 years. |
Type of Benefit | Fiscal |
---|---|
Benefit Details | Services for valuation of company shall be provided to startups free of cost. |
Eligibility Criteria |
|
Application Procedure | Contact Startup Bihar |
Type of Benefit | Fiscal |
---|---|
Benefit Details | If Startups have successfully mobilized investments from State registered Angel Investors, then the State Government will give a success fee of 2% of the investment to the Startup. |
Eligibility Criteria |
|
Application Procedure |
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Type of Benefit |
Fiscal |
Benefit Details |
A financial assistance up to an amount equal to the amount invested in start-ups by the Angel Groups and Category- I Alternate Investment Funds may be given as loan to the Start-up. The rate of interest and terms and conditions of the loan shall be notified by the SMIC from time to time. |
Type of Benefit |
Fiscal |
Benefit Details |
Intellectual Property (IP) is an invaluable business tool for start-ups, or entrepreneurs, providing initial start to one's business. Investors weigh IPs heavily and create good value for venture. To encourage the registration of IPRs (Intellectual Property Right) by Start-ups and provide facilitation support for protection and commercialization of IPRs, Government shall:
a. Bear all costs associated towards filing domestic patents. b. Provide additional financial assistance in form of reimbursement for awarded foreign patents towards filing fees. |
Type of Benefit | Fiscal |
---|---|
Benefit Details | Entrepreneurs will avail additional grant/exemption/subsidy other than the limit fixed under the above clauses of the policy.
|
Eligibility Criteria | Incentives shall solely be applicable to startups which are fully owned by anyone person of this category or a group /mix of the person defined in this category only. |
Application Procedure |
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Type of Benefit |
Fiscal |
Benefit Details |
Reimburse cost of incubating a Start-up maximum up to Rs 2 Lakhs per incubatee to Government recognized private / state supported incubators. |
Type of Benefit |
Fiscal |
Benefit Details |
Fiscal incentive to Incubators @2% of the investment received by its incubatee from SEBI registered AIFs (Alternate Investment Funds) into Bihar based start-ups. |
Type of Benefit | Fiscal |
---|---|
Benefit Details | Incubators will be reimbursed the cost of incubating a startup, with a maximum limit of Rs. 2 lakh per incubatee.Incubators will receive a fiscal incentive of 3% of the investment received by the incubatee from SEBI registered AIFs (Alternate Investment Funds) or Grant received from Government of India for promoting technology based (IPR) startups. |
Eligibility Criteria | State supported Incubators |
Application Procedure | Contact Startup Bihar |
Type of Benefit | Fiscal |
---|---|
Benefit Details | Incubators will receive a fiscal incentive of 5% of the investment received by the incubatee from SEBI registered AIFs (Alternate Investment Funds) for promoting startups in social sectors that provide solutions in areas like health, education and nutrition. |
Eligibility Criteria | State supported Incubators |
Application Procedure | Contact Startup Bihar |
Type of Benefit |
Fiscal |
Benefit Details |
The Government shall provide financial assistance to match the funding raised by Incubator(s) from Government of India and Multilateral donor agencies on 1:1 basis on same terms and conditions. |
Type of Benefit |
Fiscal |
Benefit Details |
|
Eligibility Criteria |
All the incentives shall be availed based on categorization of start-ups through rating mechanism. |
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