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The Centre Emphasises the Need for States to Play Larger Role in Facilitating Startups

Taking forward the Startup India initiative to the next level, the Department of Industrial Policy and Promotion (DIPP), Government of India organized the Second States’ Startup Conference on 13 September at Pravasi Bhartiya Kendra, New Delhi. 60 enablers comprising Venture Capitalists (VCs), Incubators, Accelerators, Banks, etc. and over 100 Startups from all over the country participated in the conference. The conference gave them the unique opportunity of interacting with senior officials from as many as 23 States and UT Governments, as also Central Government.

The discussions in the conference focused around the themes related to incubation facilities in India, role of State Government in setting up and operationalizing Fund of Funds through AIFs and VCs and making regulatory compliance easier for Startups.

In his inaugural address, the Minister of State, Commerce  C.R. Choudhary emphasized on the larger role States need to play in facilitating and encouraging Startups which would determine the ultimate success of Startup initiative.

He exhorted all to ensure that the benefits of Startup India program should percolate down to entrepreneurs in tier-2/tier-3 cities. Shri Ramesh Abhishek, Secretary, DIPP stressed upon the need to take positive steps to support the budding entrepreneurs of the country. He also highlighted the game-changing initiatives such as Startup India Hub and Learning & Development program launched by DIPP for benefit of budding entrepreneurs.

The role of States/UTs in creation of a strong startup ecosystem in the country was focused upon in the sessions. Several states showcased key initiatives they had taken to promote startups.

Odisha showcased various tools they have developed to equip startups, including a comprehensive portal, helpline and various learning & development initiatives. Tamil Nadu presented the extensive network of innovation centers which have been developed on a hub and spoke model across colleges in the state. Jharkhand showcased their bottom up approach of fostering innovation by reaching out to schools to nurture a culture of innovation through a ‘germinator.’

Other States viz. Himachal Pradesh, Rajasthan, Uttar Pradesh, Gujarat, Haryana, Bihar, Kerala, Karnataka, Chhattisgarh, Madhya Pradesh and Andhra Pradesh also made presentations showcasing their efforts in supporting Startups.

 


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