Rajasthan government last week unveiled Rajasthan Start-up Policy 2015 which envisions to make this pink state into a start-up hub. The policy will focus on entrepreneurs and students – those ideas which can be converted into large scale employment opportunities. Rajasthan which has long been referred to as ‘BIMARU states’ along with BIHAR, UP, Odisha, and MP, the start-up policy can be seen as a much needed step given the increasing relevance of entrepreneurship and start-ups in the development of any state. The investors are also optimistic about this policy and particularly about the state’s capital Jaipur given the low cost of living, large number of technical colleges and close proximity with NCR (National Capital Region).
Main highlights of policy:
- 50 incubators or accelerators like will be established in next five years to create a start-up ecosystem.
- The government will support and incubate 500 start-ups from state and create a 10,000 sq feet incubation centre.
- Mobilising angel and venture funding towards start-ups, INR 500 Cr over next five years. The government has made it clear that they are open to modify the policy to accommodate demands of private investors.
- Start-ups at launch stage will be provided with a sum of INR 1000000 as a marketing assistance.
- Development of problem solving skill culture across the state.
- Mobile and Information Technology
- Rural Infrastructure
- Renewal Energy
- Social and Cleantech – Crafts, Water, Sanitation and Healthcare
- Internet of Things, Hardware and Electronics.
- Disruptive Ideas and Technological Ideas
Indian government’s initiatives like ‘Make in India’ or ‘Digital India’, which by default encourages start-ups and entrepreneurs, the start-up policy of Rajasthan adds up the ongoing efforts of creating a nation wide start-up ecosystem.
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