Team Goemkarponn
Panaji: The Department of Information Technology, Electronics and Communications of the Government of Goa conducted a Screening Committee meeting to assess startup proposals submitted under the Seed Capital Scheme of the Goa Startup Policy 2025. The meeting was held at the department’s conference room in Altinho with the aim of identifying promising ventures eligible for financial assistance and strengthening the state’s growing innovation ecosystem.
The session brought together representatives from government departments, industry professionals and domain experts who reviewed proposals presented by startup founders. The committee evaluated ventures operating across a wide range of sectors including information technology, artificial intelligence, healthcare, education technology, sustainability, digital services, tourism solutions, clean energy and community driven innovation.
During the session, entrepreneurs presented their ideas, product concepts and business models before the committee. Each proposal was assessed based on several parameters such as level of innovation, technical feasibility, scalability, market relevance, social impact and the potential to generate employment and entrepreneurial opportunities within the state.
The Director of the Department of Information Technology, who chaired the meeting, highlighted the importance of supporting early stage innovation. He noted that the Seed Fund Scheme has been designed to identify entrepreneurs who are developing practical solutions with strong growth potential. According to him, Goa is witnessing a steady increase in innovative startups across multiple sectors, and the initiative aims to help these ventures transition from early concepts to impactful businesses. He further emphasized that the scheme is not only about financial assistance but also about creating an environment where startups can experiment, validate their ideas and expand their operations from Goa.
Under the Seed Fund Grant Scheme, eligible startups that have developed a Minimum Viable Product can receive one time financial support of up to ₹10 lakh. The assistance is intended to help founders refine their products, conduct pilot projects and move closer to commercial deployment.
Startup founders who participated in the evaluation described the process as encouraging and constructive. They noted that initiatives like the Seed Fund Scheme provide young entrepreneurs with both financial backing and institutional recognition during the crucial early stages of building their ventures.
The department will now proceed with the next phase of evaluation and due diligence before finalising the startups that will receive support under the scheme.
