New startup policy will soon be implemented in Delhi, investment target of Rs 325 crore in 5 years; What will be special?
Delhi government is preparing to take the startup ecosystem to new heights. Education Minister Ashish Sood has announced that the Delhi Startup Policy will be implemented soon. Under this policy, an investment of Rs 325 crore is proposed in the next five years, with the aim of developing 5,000 startups in Delhi by 2035.
What will be special in the policy
The new startup policy will cover all important aspects like incubation, funding, industry engagement and market access. Its main focus will be on students and youth, so that their innovations and ideas can easily reach the market.
‘Campus to Market’ initiative launched
The government has launched the ‘Campus to Market’ initiative, under which students from schools, colleges, universities and ITIs are being connected on a common platform. A complete startup ecosystem is being created by integrating education, skill development and entrepreneurship. On this occasion, Education Minister Ashish Sood said, “Today’s youth are no longer just job seekers but are becoming job creators. Our aim is to make Delhi the startup hub of India.”
Josh in Youth Startup Festival
A large number of students participated in the Delhi Startup Youth Festival. The festival was organized at Dr. Ambedkar International Centre, in which students from 11 universities, several colleges and ITIs participated. The festival was inaugurated by Union Minister of State for Skill Development and Entrepreneurship Jayant Chaudhary, while Chief Minister Rekha Gupta was also present on the occasion.
Startups got funding
The top 6 student-led startups at the festival were given equity-free grants of Rs 10 lakh each. Apart from this, financial assistance of Rs 1 lakh each was provided to the top 100 startups. This assistance was given with the aim of reducing initial risk and driving innovation. Minister Ashish Sood stressed that ‘Campus to Market’ is no longer just a slogan but has become a strong system, where mentorship, funding and market support will be easily provided to startups.
What will be special:
Incubation and Funding: Startups will be provided initial support and investment.
Industry Connectivity: Startups will gain business experience and support through industry engagement.
market access: Facility to easily convey the ideas of youth and students to the market.
Campus to Market Initiative: To create a strong ecosystem of education, skill development and entrepreneurship by connecting students from schools, colleges, universities and ITIs.
InMentorship and Support: To provide mentorship, funding and market support to startups.
Grants and Financial Aid: Top startups will be given equity-free grants and initial financial support.
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