Do you have the next big idea? Turn your ideas into reality: CM’s Startup Scheme: HP

Objective

• To envisage various incentives for startups so as to enable the success.
• Provision of creation of incubation Centers in the host institutions in the State in order to build capacities, develop networking, establish necessary infrastructure and generate awareness.
• To create self-employment and employment generation opportunities.
• Upgrading the skills of entrepreneurs and to provide them support to set up their units under professional guidance.
• Helping and hand-holding entrepreneurs to select viable projects in the potential areas.

Eligibility

• All Start-ups/ new industries/Innovation Projects defined under the scheme.
• The same incentives cannot be availed on the same component under State and Central Scheme.

Key Areas

• Technology driven Innovation in any sector
• Rural infrastructure and facilities, crafts, arts, water and sanitation, renewable energy, healthcare, etc.
• Clean technology
• Agriculture, Horticulture and the related areas
• Food Processing.
• Retail
• Tourism and Hospitality
• Mobile, IT and ITes including hardware
• Biotechnology

Key elements of the Scheme

• Incubators The Govt. will encourage Host Institutes like the reputed technology (IIT, NIT, etc.), management (IIM, etc.) and R&D institutes (CSIR institutes located in state), other institutions (Universities) and private universities/Engineering Colleges which are in existence for at least 5 years as on 31.3.2016 in the state to set up Incubators/Incubation Centers in the State.
• Infrastructure  

• Human Capital  

• Handholding and Support

• Self-Certification

• Startup/New Industries Support Center- The HP Centre for Entrepreneurship Development (HPCED) would act as a support center for the startups in the State.

Benefits

• Support to Innovation Projects

1. Rs. 25,000/- per month will be provided to the innovation projects as sustenance allowance for one year whose project is recommended by the Host Institution and approved by the Empowered Committee.
2. Incubation center will provide support to the startups and innovation projects by providing mentoring services, access to their labs, facilities, etc. on a free-of-cost (FOC) basis. Marketing/commercialization assistance of maximum of Rs. 10 lakh will be provided to the innovation project to launch its products/services in the market.
3. The cost of filing and processing of patent application will be reimbursed to the incubated startup companies subject to a limit of Rs. 2 lakh (0.2 million) per Indian patent awarded or actual cost incurred, whichever is less.

• Incubators

1. Financial assistance will be provided for three years to the selected institutions for setting up the incubator and other activities.
2. The maximum financial assistance will be provided @ Rs. 30 lakh per incubator per year upto a period of three years.
3. In addition the related incubators will be entitled for a grant of maximum Rs.10.00 lakh.

• Incentives to New Industries/Startups/Innovation Projects

1. Grants- Subsidy on the cost of preparation of feasibility study/project report @ 75% of the cost subject to maximum of Rs. 1,00,000/- in each case.
2. Department of Industries/Sectors will provide land to start-ups/new industries/Innovation Projects in micro and small scale Industries/Sectors in Industrial Areas of Category B and C Areas @ 50% of the rates fixed by Department of Industries from time to time.
3. Concession in Stamp Duty All new Start-up/new industries/Innovation Projects Units to be setup in Himachal Pradesh will be charged stamp duty @ 3% only on conveyance deed and lease deed from the date of notification by Revenue Department.
4. VAT Concessions
5. Concession in Fee for obtaining consent from H.P. Pollution Control Board
6. Interest subvention
7. Purchase Preference by Govt. of H.P./ Public Sector undertaking.

How to apply

Fill up the application form and submit it to the concerned Department with required documents.

To fill up the application form- Click here.

For More Info: Click Here.