The Delhi government has approved the Delhi Start-up and Incubation Policy with the aim of giving a fresh push to innovation, research and entrepreneurship in the national capital. Under this policy, more than four hundred crore rupees will be invested over the next five years.
Akashvani correspondent reports that the policy in its initial phase will be implemented in eleven state universities, 13 government-aided colleges, polytechnic institutions, industrial training institutes and government schools.
The government will provide one-time financial assistance to eligible institutions for setting up and strengthening incubation centres. As part of the initiative, the government will also organise an annual Delhi Start-up Youth Festival.
It will bring together young innovators, educational institutions, start-ups, investors, industry representatives and policymakers on a common platform to showcase new ideas, build partnerships and inspire entrepreneurship among the youth.
Delhi Chief Minister Rekha Gupta said the policy is designed to develop Delhi into one of the country’s leading hubs for innovation and entrepreneurship while ensuring that young people receive every possible support to turn their ideas into successful start-ups.