Uttar Pradesh has become the best startup ecosystem in the country, thanks to the state government's active support and attractive policies, said Sunil Kumar Sharma, the state's electronics and IT minister, on Wednesday.
He also mentioned that this growth aligns with Prime Minister Narendra Modi's vision for a self-reliant India.
Best Start-up Ecosystem in India
At the opening of the Bharat Startup Festival (Noida Edition), an event organized by the Bharat Startup and Innovation Society (BSIS) to promote innovation and entrepreneurship, Uttar Pradesh’s Electronics and IT Minister, Saunil Kumar Sharma, highlighted the state’s growth as the best startup ecosystem in India.
12,000 Registered Start-ups in UP
The minister further credited Prime Minister Narendra Modi's vision for a self-reliant India and the “Make in India” initiative for driving this success. Uttar Pradesh now boasts around 12,000 registered startups, with 5,000 of them led by women.
Uttar Pradesh, an agriculture-based state, is providing strong support to startups, particularly in agriculture, healthcare, and other sectors, to help foster innovation.
Bharat Startup Yatra
The Bharat Startup Festival is part of the larger Bharat Startup Yatra initiative, which travels to multiple cities across the country. The Yatra aims to support and promote the startup ecosystem through the country.
The Bharat Startup festival aims to help startups connect with global industry leaders, explore business collaborations, and secure funding. It also provides valuable networking opportunities with high-net-worth individuals, mentors, investors, and government officials.
Uttar Pradesh’s Startup Policy
The start-up policy of the Uttar Pradesh government was launched in 2020 and updated in 2022. The policy aims to position the state as a leading innovation and entrepreneurship hub in India.
The policy plans to establish total of 100 incubators across the state, with at least one in each district. This will create one million square feet of incubation and acceleration space for startups.
ALSO READ: In Which City will the World's First High-altitude Para Sports Center be Established?
ALSO READ: Ind vs SA: Tilak Verma's Blazing Century in Centurion, Sets These Two New Records
Comments
All Comments (0)
Join the conversation