• Contact Us
  • About
  • Advertise
  • Careers
Thursday, July 3, 2025
Kashmir Dot Com
  • Home
  • Kashmir
  • Jammu
  • World
  • Politics
  • Opinion
  • Business
  • Health
  • Contact Us
  • Login
No Result
View All Result
  • Home
  • Kashmir
  • Jammu
  • World
  • Politics
  • Opinion
  • Business
  • Health
  • Contact Us
No Result
View All Result
Kashmir Dot Com
No Result
View All Result
Home Kashmir

J&K Startup Policy nurturing young entrepreneurial brains to pursue innovation, entrepreneurship

Kashmir Dot Com by Kashmir Dot Com
January 23, 2023
0
J&K Startup Policy nurturing young entrepreneurial brains to pursue innovation, entrepreneurship
0
SHARES
12
VIEWS
Share on Facebook

SRINAGAR, JANUARY 23,KDC: Jammu and Kashmir government is building an encouraging ecosystem for nurturing innovation and start-ups in the Union Territory with liberal funding.

Under the ‘J&K Startup Policy 2018-2028’, the UT administration aims to nurture and inspire the young and entrepreneurial brains of Jammu and Kashmir to pursue innovation and entrepreneurship by creating a vibrant and conducive start-up environment in the region.

Some focus sectors have been identified under this policy which inter alia included Construction and Engineering, Food Processing and Allied activities, Agriculture including Horticulture and Floriculture, Textiles, Apparel and Fashion Technology, Renewable Energy, Handicrafts and Handlooms and their design element, Electronics System Design and Manufacturing besides Information Technology enabled services among others.

The main objective of ‘J&K Startup Policy 2018-2028’ is to facilitate and nurture the growth of at least 500 new start-ups in Jammu and Kashmir in next 10 years. The objective also includes establishing at least 10 new state-of-the-art incubators including private sector, facilitate access to early stage investments for aspiring and existing start-ups, setting up of innovation labs in selected Higher Secondary Schools and Colleges and setting up of at least three fabrication labs, one each in Jammu, Kashmir and Ladakh regions besides creating a strong institutional framework for effective implementation, monitoring and evaluation of this policy.

The policy also focuses on innovative projects like ideas capable of introducing new or disruptive technology in the development of existing and new products, processes or services, capable of addressing any of the present challenges before the society at large in an effective manner. The policy also provides special focus on start-ups, promotion of platforms like start-up hub, incubator, angel investors, innovation labs, Entrepreneurship Development Cells and Fabrication Lab among others.

The Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) has been declared the nodal agency for implementation of the policy and Director, JKEDI has been designated as the UT nodal officer.

The policy also provides various benefits and incentives to the entity recognized as a start-up. The government provides co-working space with uninterruptible high-speed internet to the selected recognized start-ups at a subsidized price through JKEDI at its campuses in Pampore and Bari-Brahmana and all the 22 district centres besides a monthly allowance of Rs. 10,000 (for a period of one year) is also being paid to the start-ups.

Similarly, startups are provided one time assistance of Rs 10 Lakh for Product Research and Development/Marketing/Publicity. The scheme also has provision of 100 per cent subsidy on purchase and installation of Diesel Generator set or Solar/Wind Generator or Hybrid Solar Wind System to the recognized start-ups.

Lieutenant Governor, Manoj Sinha, recently asked all stakeholders to focus on affordability, sustainability of innovative products, creation of industry innovation clusters to encourage young entrepreneurs and drive job creation. “Under the guidance of Prime Minister, Narendra Modi, India’s Start ups are making their place in the global market. India is now ranked third in the world in terms of innovation and start-ups after US and China,” the Lieutenant Governor said.

Notably, J&K featured among the five ‘top performers’ in the start-up India States’ ranking 2021, scoring high on parameters like incubation support, institutional support and fostering innovation and entrepreneurship.

Considerably, the start-up ecosystem in J&K comprises of local versions or mimics of national players like Ola, Uber, Amazon, Flipkart and Zomato as these unicorns have minimal presence in the region in terms of service areas or penetration level.

ShareTweetSendSharePinShare
Previous Post

J-K’s first female police officer appears in singing reality show Indian idol

Next Post

DC Srinagar conducts inspection of SK Cricket Stadium Sonwar

Related Posts

Javed Rana, Javid Dar review irrigation scenario in JK

Javed Rana, Javid Dar review irrigation scenario in JK

July 2, 2025
Youth Belong with Families, Not in Solitary Confinement: Waheed Parra in Downtown

PDP’s Waheed Para slams govt over delay in filling Advocate General’s position

July 2, 2025

Amarnath Yatris On Way To Shrine Get Warm Reception From Locals

July 2, 2025

Budgam Police Establishes Helpline for Victims of Terrorism

July 2, 2025

Houseboat Association, Dal dwellers call on CM Omar Abdullah; flag long-pending issues

July 1, 2025

KPDCL Announces Power Shutdown in Srinagar Areas from July 2 to 7 for Maintenance

July 1, 2025
Next Post
DC Srinagar conducts inspection of SK Cricket Stadium Sonwar

DC Srinagar conducts inspection of SK Cricket Stadium Sonwar

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

LATEST NEWS

World’s Eyes on Amarnath Yatra, Devotees Unshaken by Threats: LG Sinha

Javed Rana, Javid Dar review irrigation scenario in JK

Amarnath Yatra: CRPF Deploys Women ‘May I Help You’ Teams, Mountain Rescue Units

Retired From Government Service, Not From Service To Nation: Dr Jitendra

PDP’s Waheed Para slams govt over delay in filling Advocate General’s position

Amarnath Yatris On Way To Shrine Get Warm Reception From Locals

Five Springs Sealed To Prevent Spread Of Gastroenteritis, Diarrhoea In J&K’s Rajouri

Budgam Police Establishes Helpline for Victims of Terrorism

Several shops damaged in fire incident at main market Kangan, Ganderbal

Quad Calls For Punishing Perpetrators Of Pahalgam Attack

ADVERTISEMENT

About Us

Kashmir Dot Com (KDC) is J&K's premier News Agency having a vast reach of audience.

Kashmir Dot Com is a News Agency based in Srinagar, J&K that offers syndicated multimedia news feed to plethora of news-bureaus in J&K and beyond. We also provide a range of facilities from foreign and domestic channels to package their reports in Jammu and Kashmir. We cover almost all areas of interest in J&K to viewers including news, entertainment, and life styles, bussiness, sports, human-interest features and social and developmental issues.

KDC can well and truly take pride in the legacy of it's work, and in it's contribution towards the building of a free and fair Press in Jammu and Kashmir.

Category

  • Business
  • Entertainment
  • Health
  • JAMMU
  • Kashmir
  • Lead
  • National
  • Opinion
  • Politics
  • Science
  • Sports
  • Tech
  • Uncategorized
  • World

Company Info

  • Contact Us
  • About
  • Advertise
  • Careers
  • Contact Us
  • About
  • Advertise
  • Careers

© 2020 KDC

No Result
View All Result
  • Home
  • Kashmir
  • Jammu
  • World
  • Politics
  • Opinion
  • Business
  • Health
  • Contact Us

© 2020 KDC

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In