Saturday, October 4, 2025
spot_img

Goa Startup Policy to Create 1,000 Ventures and 10,000 Jobs

spot_img
- Advertisement -

Goa government has launched its new Startup Policy 2025 with a clear goal: to establish 1,000 startups, generate 10,000 jobs for Goans, and transform the coastal state into India’s “creative capital” by 2028.

The policy, rolled out last week, is designed to strengthen Goa’s growing reputation as a hub for technology, innovation, and entrepreneurship.

According to the Department of State Information Technology, Electronics and Communication (DITEC), Goa is already home to 696 DPIIT-recognized startups, among the highest per capita in the country.

The new policy builds on this foundation by offering targeted support across funding, skill development, infrastructure, and collaboration.

Goa Startup Policy 2025: Key Targets and Measurable Outcomes

The Goa Startup Policy 2025 outlines several concrete goals:

  • Establish 1,000 startups across sectors by 2028
  • Create 10,000 jobs for Goans within startup ventures
  • Enable 100 startups to access venture funding
  • Facilitate collaboration between the government and 50 startups
  • Foster partnerships with incubators, corporates, universities, and industry associations

These targets are backed by a series of schemes and incentives aimed at nurturing early-stage ventures and supporting innovation at the grassroots level.

Campus Innovation and Skill Enhancement Schemes

To encourage student-led entrepreneurship, the Campus Innovation Scheme offers grants to students working on entrepreneurial or research-based projects.

The scheme reimburses expenses incurred during project development, helping young innovators turn ideas into viable products.

The Skill Enhancement Scheme supports startups by reimbursing costs for training in emerging technologies such as Artificial Intelligence, Machine Learning, and Blockchain.

This initiative aims to build a future-ready workforce and ensure startups have access to skilled talent.

Dedicated Support for Women Entrepreneurs

Recognizing the need for inclusive growth, the policy introduces a mentoring and funding programme for women-led startups.

Startups founded by women working on innovative projects will receive monthly allowances and access to dedicated mentorship networks.

This move aligns with broader efforts to improve gender representation in the startup ecosystem and ensure equitable access to resources.

Infrastructure and Ecosystem Development in Goa

The government will collaborate with private entities and educational institutions to set up:

  • IT Labs
  • Maker Labs
  • Centres of Excellence
  • Innovation Centres

These facilities will be located across industrial parks and campuses to provide startups with access to tools, technology, and collaborative spaces.

Promotion, Marketing Assistance, Strategic Positioning and Long-Term Impact

To help startups gain visibility, the Promotion and Marketing Assistance Scheme will reimburse a significant portion of costs incurred while participating in government-supported exhibitions and trade shows.

This aims to boost market access and investor interest in Goan startups.

Under the leadership of Rohan Khaunte, Minister for Information Technology, Electronics and Communication, the policy reflects Goa’s strategic intent to become a global hub for creativity and innovation.

Officials believe the policy will nurture the next generation of leaders and creators, positioning Goa as a premier destination for startups.


Note: We are also on WhatsApp, LinkedIn, and YouTube to get the latest news updates. Subscribe to our Channels. WhatsApp– Click HereYouTube – Click Here, and LinkedIn– Click Here.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

GM India has laid off 1,086 workers who didn’t accept the VSS plan

According to ET report, General Motors India (GM India) has...

Ford to layoff up to 8,000 jobs

Ford Motor Company is planning to lay off nearly 8,000...

How Altran, part of Capgemini instills trust in employees amid C-19 crisis

How Altran, part of Capgemini instills trust in employees...

EC clears Alstom’s acquisition of Bombardier Transportation

European Commission clears Alstom’s acquisition of Bombardier Transportation The European...

Fintech Industry in India Sees 7.5% Rise in Job Opportunities

The Indian fintech industry is set to witness a...

India’s biggest firms reported a sharp surge in IT hiring

India’s biggest firms reported a sharp surge in IT...

TCS is hiring any Arts, Commerce & Science graduates, details here

India’s largest IT services provider Tata Consultancy Services invites job applications...

Snowman Logistics Adds 9,500+ Pallets with New Warehouses

Snowman Logistics Limited, India’s leading integrated temperature-controlled logistics provider,...

Related Articles

Sahiba Sharma
Sahiba Sharmahttps://sightsinplus.com/
Sahiba Sharma, Senior Editor - Content at SightsIn Plus