Gujarat CM Vijay Rupani on Friday said that the Gujarat government is encouraging start-ups so that the state can move from being a policy-driven one to an idea driven one. Speaking at the start of the 2-day Vibrant Gujarat Start-up Summit 2016 organised by the state government on Friday at Mahatma Mandir, Rupani told the audience, “Gujarat government has decided that as Gujarat is a role model in the nation, it should not fall behind in creation of start-ups. Currently Gujarat is changing from being a policy driven state to idea driven state in order to empower the promising youth with opportunity and encouragement to offer them global competitive platform to showcase their abilities. In the upcoming Vibrant Gujarat Global Investors Summit 2017, start ups and MSME will be focus areas. This time Nobel laureates and their innovations in chemistry, physics and medicine will be showcased here at the Summit.”
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He added, “The Gujarati youth will be able to listen to their inspiring words and dabble in the field of Science and come up with innovations. This start up initiative has also provided the paradigm shift to our economy and now the economic development dependency is not limited to machine and material but also to an idea. This is the type of collaborative governance model that we are aiming to build through this event. We are giving start-up scheme support to 250-300 youth based on ranking and capabilities of ideas received in the start-up scheme.”
Speaking on the Gujarat’s readiness to create an ecosystem meant for start-ups, Rupani averred that Rs 50 crores had been suggested in the 2016-17 budget for encouraging start-ups and MSME projects. He said that Rs 25 crores had been allotted to iCreate for corpus fund in order to give further push to incubation, innovation and start-ups and also launched a vision document for the start-up ecosystem made by EDII-Ahmedabad on Friday.
A start-up challenge announced ahead of the summit on the theme of ‘food and water’ was announced, for which the winners will be given a prize money of Rs 40 lakhs. Through a screening process 26 selected entries of start-ups were short-listed and showcased at the summit going on at Mahatma Mandir.