SESIP

The scheme aims to encourage students in the State of Goa who have technological innovative ideas, which they want to translate into a working prototype, by providing financial assistance. It offers financial support of up to ₹50,000/- to eligible students for innovative academic projects.

The scheme "Scheme to Encourage Students for Innovative Projects" was framed by the Department of Science and Technology and Waste Management (DS&T&WM), Government of Goa. The scheme aims to transform innovative student ideas into scalable projects that drive rapid economic growth, increased productivity, and social transformation. The scheme provides financial support of up to ₹50,000/- to deserving students on a need-cum-merit basis for prototyping their technology-based innovative project ideas. The scheme is implemented through the Goa State Innovation Council (GSInC). The applications for this scheme are accepted online.

• The applicant must be a student from an Educational Institute in Goa.
• The applicant must be one of the following -

(a) A final year student or a group of students working on a college project.

(b) A High School or Higher Secondary School student working on a school project participating either in State or National level competitions.

• The applicant must be working on a hardware or software-based Product/Process Innovation.
• The applicant must be registered under the Virtual Innovation Register (VIR) as a New Idea.
• The applicant must not already have received financial support under this scheme.
• The proposed innovative idea/ project in the form of a product/solution must be associated either with Academics, Industry or the Government.
• The proposals should preferably be in the following focus sectors: _Green technology, Clean energy, Industrially utilizable smart materials, Waste to Wealth, Affordable Healthcare, Water & Sewage Management, Renewable Energy sources, Electric Vehicles, Smart Cities, Agri-tech, Meditech, Health care tech, and Digital media, Information Technology Enabled Services (ITES)._

• Financial support of up to ₹50,000/-.
• A maximum of 10 projects will be supported through this scheme each financial year.
• The financial assistance shall be permitted to be utilized only for student academic projects.
• The funds should be used only for the purpose for which they are released.

##### Disbursement

• The financial assistance shall be disbursed as a single installment.
• The amount shall be deposited directly in the beneficiary institute’s bank account.
• Disbursement occurs upon submission of the pre-receipt for the said amount by the institution, to the Director, Department of Science and Technology and Waste Management (DS&T&WM).

##### Conditions

• The entire amount of the financial assistance approved and released should be utilized before March 31st in the subsequent financial year.
• Copies of bills/invoices generated after purchasing materials and tools for building the project must be maintained and submitted to the Goa State Innovation Council (GSInC).