News & Information From Northeast India

Assam govt provides Rs 3.29 crore grant to local startups

Assam government has released Rs 3.29 crore grant for 31 startups operating in the state who had applied for financial benefits after qualifying for the ‘My Assam Startup ID (MASI)’ scheme under the Assam Startup Policy 2017.

Cheques were handed over to the startups by Chief Minister Sarbananda Sonowal during a program held at Assam Startup – The Nest on June 7 to commemorate the success of Assam Startup and encourage the startups.

The 31 startups selected for receiving the financial benefits in the first phase have been part of the incubation batches, Cohort 1.0 and 2.0, at Assam Startup – The Nest, Assam’s first state-owned marquee incubator launched on January 20, 2019 under the aegis of Industries and Commerce department of the government of Assam, in association with IIM Calcutta Innovation Park.

Towards helping the innovative startups of Assam with financial aid, the Assam government introduced My Assam Startup ID (MASI) under the Assam Startup Policy 2017. Private limited startup companies, LLPs, and registered partnership firms from Assam that are not older than 7 years with annual turnover not exceeding Rs 25 crores and offering innovative or developmental products/services are eligible to apply for MASI.

The selected startups are working in diverse sectors – deep tech, ICT, manufacturing, tourism, food and agri-tech, education, healthcare, automobile, and livelihood, among others.

Some of the startups who have received the grant include Automovill Technologies, Parking Rhino, My3D Selfie, Little Machines, Defence and Space Robotics Laboratory, Tholua Pratisthan, Stackcell Realty Technologies, Agrithink, North East Farm Sales Promotion, B & R Riverbourne, AllProAuto Consultants, Qwkpro Consultancy, Let’s Learn Together, Ruloi Tea, NorthEast Guide, and Aranyak Valley, among others.

The first edition of a coffee table book, Assam Startup Trailblazers was also launched during the program. The book recounts the journey of Assam Startup along with the startup stories from Cohort 1.0.


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