Gujarat University Startup and Entrepreneurship Council (GUSEC) has been recognised a Nodal Institute (NI) for disbursing startup funds under the Scheme for assistance for Startups / Innovations of Government of Gujarat. Through this startup funding scheme, startups/innovators can avail funding assistance of up to Rs. 30 lakh as seed support for prototype development & marketing expenses, an additional up to Rs. 10 lakh for social impact startups, and a sustenance allowance of Rs. 20,000 per month for up to 12 months. To apply for assistance under the scheme, startups/innovators should apply using the online portal by creating a user, and selecting ‘Gujarat University Startup and Entrepreneurship Council (GUSEC)’ in the ‘Nodal Institute’ field of the Application Form.
GUSEC Benefits:
GUSEC Surge, more broadly, ‘Startup Urge’, is a resource-access program for innovative ideas and early-stage startups. Surge encompasses all types of resources an early-stage startup founder requires from validators to mentors to prototyping funding to take their startup to the next stage. Surge focuses on enabling startups to create a minimum viable product which could be tested in markets and could contribute to a more robust pilot product for the startup. Surge gives access to grant funding in form of resources of up to INR 2.5 lakhs for startups which they could leverage to build MVPs and prototypes. The fund is focused to achieve a fast track for startups and to put them on the path of early traction through which they are set to scale. Currently, Surge is funded through the grant received by GUSEC under the Student Startup & Innovation Policy of the Government of Gujarat.
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It is an early-stage pre-seed fund created to enable incubated startups of GUSEC to source a grant of Rs. 40,000 to prove their concepts. Two iterations of JumpStart, first in 2016 and next in 2017, have together funded 37 early-stage startups through a collaborative fund sourced from the Gujarat Corporate Social Responsibility Authority (GCSRA). Some of GUSEC’s most promising startups such as Chaaipani, Alagrand, BEMRR, WeHear, ieacon, etc. have been funded under the JumpStart program. To apply, kindly fill up the incubation form.
GUSEC provides patent and trademark support through an IP Cell which is a facilitator for supporting IP-related matters of students, faculty and startups supported by Gujarat University. Any student or faculty can file a patent and get a reimbursement of up to the full expense borne for filing the patent, as per prior approvals accorded by the aforementioned IP Cell.
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1Gbps leased line fibernet
In-house coffee and kitchenette
Fablab and maker areas
Auditoriums, amphitheatres, & meeting rooms
All laboratories in campus
Multi-media research centre
Startups have access to the state-of-the-art sports facilities available at the sports complex within the university premises for necessary leisure and recreation
Incubated startups also have access to GUSEC Mentor Board, a board of external subject experts from a wide array of industry verticals and specialisations, for mentorship and guidance. GUSEC is under the process of forging relations with investors and other funding agencies to provide tangible funding support to incubated startups.
GUSEC has partnered with prominent organisations to avail their service/products at low or no cost for incubated startups.
Amazon Web Service (AWS) Cloud Credits
Startups at GUSEC can avail $1,000 in AWS credits valid for 1 year starting from the incubation date. Premium AWS Business Support for 2 Months, Free access to the AWS Essentials 1 day web-based (normally ~$600/course), plus 8 tokens for self-paced labs (normally ~$30/lab).
Google Cloud and G Suite Credits
Startups can also avail $20,000 in Cloud and Firebase credit from Google Cloud, along with up to 10 free users on G Suite for 12 months.
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Intercom
Intercom standard version for only US$49 per month, for GUSEC startups.
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CometChat
$2,000 in free credits for GUSEC & AIC GUSEC portfolio companies
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Sprig
Sprig has pioneered a new approach to user research that helps research and product teams learn from their customers in real-time and build customer-centric products that deliver a sustainable competitive advantage.
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Msg91
Startups can avail a benefit of 25K SMS credits per month (40,000 SMS credits per month to those startups who have raised funds) for 6 months, courtesy of Msg91.
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HubSpot
A ll GUSEC startups are also eligible for the HubSpot startup program, with 90% discount for Seed Stage startups on all HubSpot software.
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Digital Ocean Cloud Credits
Startups can avail $500 one-year credit for 12 months, free technical training, mentorship, priority support, and an opportunity to connect with other startups, accelerators, and investors.
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Cashfree
Cashfree is a next-generation payment gateway that helps Indian businesses both collect and disburse payments via almost 100 payment methods including Visa, MasterCard, Rupay, UPI, IMPS, NEFT, Paytm & other wallets, Pay Later and various EMI options.
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Grammarly
Statista
Envato Elements
Moqups
Animaker
Biteable
Sketch
Bizplan
