Uttar Pradesh Government set to unveil new ‘Startup Policy’ at the UPStartup Conclave 2019!
To give a new dimension to entrepreneurship, the Uttar Pradesh Government under the mentorship of Honorable Chief Minister Mr. Yogi Adityanath the Department of IT & Electronics will introduce a new ‘Startup Policy‘. So far the startups based in Uttar Pradesh are exempted under IT policy.
Under the new Startup Policy 2019, children will be prepared for startup culture right from the school-age and entrepreneurial cells will be created in the universities. The state government brought IT and start-up policy in 2017 but now it is now scheduled to launch the new Startup Policy at the UPStartup Conclave (Startup Pitch-in Competition and Networking Event) on 14th September. Under this Startup Policy, the startups of every sector will be focused and encouraged. This new Startup Policy will be sent to the cabinet by the end of this month. There will be a lot of exemptions and incentives for the appraiser startups can witness.
New policy will be added from ODOP: People who have the policy so far consider it to be around the IT and electronic echelons. So startup is now being separated from IT and electronic policy and it will also be linked to One District One Product (ODOP). For instance, where the terracotta work is done, people use this mode in a new way and start the startup so that the people around them can also get jobs. For this, from the mentor (guides), other promotions will be given. There may be startups related to medical, farming, farming, and household products, also related to traditional business like carpet, sarees, etc. In this policy, incubation centers will also be created in 18 areas along with MSME Department, so that the concept of ODOP can be converted into entrepreneurship.
Financial assistance will be started soon, the course will start under syllabus: Under the new policy, small entrepreneurship cell will be opened in 16 small institutes of excise center in UP and the government will provide financial support for this. There will also be short and long term curriculum to be run so that graduates doing full-time knowledge of startup. At the same time every year the Government of Uttar Pradesh will create an e-cell and it will be linked to the Atal Innovation Center so that the children can get the startup knowledge during school studies.
According to DGM Praveen Kumar of IT and Electronic Department, after investing in IT and electronic sector, now we are thoroughly focusing on startup. He said “Our aim is young ones with new innovative ideas come into mainstream and scale-up their startup, to develop the right ecosystem for startups in Uttar Pradesh”.