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J&K Unveils New Startup Policy, To Foster 2,000 Startups By 2027

Inc42 · 1y ago

J&K Unveils New Startup Policy, To Foster 2,000 Startups By 2027

The Jammu and Kashmir administration has approved a startup policy aimed at nurturing 2,000 startups in the region by 2027. The government plans to establish a venture capital fund with an initial infusion of INR 25 crore ($3.35 million) and a total outlay of INR 250 crore ($33.5 million). Selected startups will be eligible for one-time seed funding of up to INR 20 lakh ($26,800) through the J&K Entrepreneurship Development Institute. The new policy also aims to attract support from private entities and high-net-worth individuals, and create job opportunities in the region.

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Entrepreneurship boost: All you need to know about J&K's new startup policy

Livemint

Livemint · 1y ago

Entrepreneurship boost: All you need to know about J&K's new startup policy

The Jammu and Kashmir administration has approved a new startup policy with the aim of establishing 2,000 new startups in the region by 2027. The policy focuses on providing support to students, women, and entrepreneurs, with assistance from government, private entities, and high-net-worth individuals. A Venture Capital Fund of INR 250 crore will be created to invest in recognized startups, and the J&K Entrepreneurship Development Institute will assist with land allotment. Startups will also receive one-time seed funding of up to INR 20 lakh. Monitoring committees will oversee the implementation of the policy.

Jammu and Kashmir to notify new startup policy by next month, says Lt Gov

IndianStartupNews

IndianStartupNews · 1y ago

Jammu and Kashmir to notify new startup policy by next month, says Lt Gov

The Jammu and Kashmir administration plans to introduce a new Startup Policy by next month, aimed at fostering innovation and economic growth in the region. The policy will focus on untapped sectors and provide seed funding of up to Rs 20 lakh to eligible startups, along with capital grants for incubator and accelerator infrastructure. The administration also intends to collaborate with Startup India, angel investor networks, and premier institutes to create a supportive startup ecosystem in J&K.

New startup policy approved in J&K

Economic Times

Economic Times · 1y ago

New startup policy approved in J&K

The Jammu and Kashmir administration has approved a new startup policy aimed at establishing 2,000 startups in the region by 2027. The policy includes provisions for entrepreneurship facilities for students, women, and support from the government and private investors. The government will also set up a Venture Capital Fund of Rs 250 crore and provide a maximum of Rs 25 crore as an initial fund. The policy also includes assistance for seed funding and land allotment for startups. The budgetary support for implementing the policy for three years will amount to Rs 39.60 crore.

New startup policy with focus to set up 2,000 startups by 2027 launched in J-K

Economic Times

Economic Times · 1y ago

New startup policy with focus to set up 2,000 startups by 2027 launched in J-K

Jammu and Kashmir Lieutenant Governor (LG) Manoj Sinha has launched a new startup policy aimed at establishing 2,000 startups in the Union Territory by 2027. The policy, titled 'New Jammu & Kashmir Start-up Policy- 2024-27', will provide patent-related assistance, financial aid, mentorship, and registration facilitation to recognized startups. Sinha invited investors from across the country to explore the potential in Jammu and Kashmir and contribute to its growth. The policy also includes provisions for supporting entrepreneurship among students and women, as well as setting up a Rs 250 crore Venture Capital Fund. The Union Territory currently boasts 722 registered startups, with a focus on gender inclusivity.

The Circle FC concludes the 2nd cohort of K-Startup Centre India

IndianStartupNews

IndianStartupNews · 1y ago

The Circle FC concludes the 2nd cohort of K-Startup Centre India

The Circle FC has successfully concluded the second cohort of the K-Startup Centre India program. This business accelerator and soft-landing platform supported 10 South Korean startups in various sectors such as health tech, HR tech, SaaS, and travel tech. The startups experienced mentoring, networking, and participated in top-tier events. The program aimed to foster cross-border collaboration and build an ecosystem of global entrepreneurship. The K-Startup Centre program is run in eight countries, including India.

IIT Madras, Startup Policy Forum sign MoU to bridge industry-academia gap

YourStory

YourStory · 5m ago

IIT Madras, Startup Policy Forum sign MoU to bridge industry-academia gap

IIT Madras has partnered with the Startup Policy Forum (SPF) to enhance India's startup ecosystem through policy advocacy. This collaboration will leverage IIT Madras's research expertise and SPF's policy engagement skills to foster innovation and entrepreneurship. It will support the Centre for Research on Start-Ups and Risk Financing (CREST) and promote IIT Madras's startup intelligence platform, YNOS. The partnership aims to drive forward-thinking policies for empowering Indian startups.

Elon Musk paying $2,000 a night to stay close to Donald Trump?

Economic Times

Economic Times · 7m ago

Elon Musk paying $2,000 a night to stay close to Donald Trump?

Elon Musk, CEO of Tesla and SpaceX, is poised to have significant influence in the new US government, notably as a key advisor to President-elect Donald J. Trump. Musk is Trump's largest donor, actively shaping policy, personnel, and strategy decisions during the transition. Reports suggest he is staying in Mar-a-Lago at $2,000 a night, reflecting his unique entwining of business, politics, and personal connections to wield influence in the upcoming administration.

Number of registered startups in Tamil Nadu tripled in two years, says CM Stalin

Economic Times

Economic Times · 1y ago

Number of registered startups in Tamil Nadu tripled in two years, says CM Stalin

The number of registered startups in Tamil Nadu has tripled within two years under the leadership of Chief Minister M K Stalin's government, reaching 6,800 from 2,300 in March 2021. The growth is attributed to various initiatives aimed at promoting startup development. The state government established the TANSEED fund, providing grants of up to Rs 10 lakh to startups, and set up regional startup hubs in cities like Madurai, Erode, and Tirunelveli to foster growth beyond urban centers.

Startup Policy Forum launched to address concerns of new age companies

Economic Times

Economic Times · 8m ago

Startup Policy Forum launched to address concerns of new age companies

The Startup Policy Forum (SPF) has been established to advocate for the interests of startups in India. The forum, led by Shweta Rajpal Kohli, aims to foster collaboration between founders, policymakers, and regulators in order to address the needs and concerns of new economy companies. The SPF currently has 30 member startups, including industry players such as Razorpay, Swiggy, Practo, and Dream11. It has also set up four specialized councils to focus on fintech, consumer and commerce, emerging tech and AI, and new-age public companies. The forum is a not-for-profit organization and seeks to support startups in scaling domestically and globally.

MeitY Startup Hub and Startup Policy Forum announce collaboration to support startup ecosystem

YourStory

YourStory · 3m ago

MeitY Startup Hub and Startup Policy Forum announce collaboration to support startup ecosystem

The MeitY Startup Hub, under the Ministry of Electronics and Information Technology, has partnered with the Startup Policy Forum to foster innovation in areas like deep technology and AI. This collaboration aims to boost research, policy dialogue, and stakeholder engagement while supporting the Startup Policy Forum's initiatives through MeitY's extensive network. The partnership seeks to create new economic opportunities, establish India as a global tech leader, and cultivate a thriving technology ecosystem.

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