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Gujarat govt to launch ‘Start-up mission’ this month; to organise 2-day national start-up event in Oct

Gujarat is trying to position itself as a start-up hub for "manufacturing sector", came out with a "start-up policy" in January 2015, much before the NDA government announced it's own policy.

Gujarat Chief Minister Anandiben Patel Gujarat Chief Minister Anandiben Patel

In order to provide a much-need push to the “start-up ecosystem” in the state, the Gujarat government is planning to launch a “Start-up Mission” this month, and organise a special two-day event designed for attracting entrepreneurs, incubators, innovators and venture capitalists to the state.

“We are expecting to launch the Start-up Mission in July itself. The government resolution for constituting the mission has already been issued a week ago and now the formation of the a registered society and the trust is to take place,” said Arvind Agarwal, additional chief secretary, Industries & Mines department, Government of Gujarat, while addressing mediapersons Friday.

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According to Agarwal, the Start-up Mission will be a body that will be playing an advisory role to both the state government and the incubators. “It will help in take advantage of the schemes under the Centre’s start-up policy, it will help provide coordination between the policies of the state and the central government, it will also advise the state government and the incubators and will vet the applications coming from start-ups for the funding schemes,” Agarwal added.

Gujarat is trying to position itself as a start-up hub for “manufacturing sector”, came out with a “start-up policy” in January 2015, much before the NDA government announced it’s own policy. However, in the last 18 month-period and the state government is yet to announce funding for a single start-up firm under the new policy, even though it has formed 20 nodal agencies for nurturing start-ups and has already disbursed Rs 2.31 crore to 15 of them. “Under the policy, 15 of the nodal agencies have been given a grant of Rs 2.31 crore, for their own use and for releasing it to the start-ups. This is the first installment,” Agarwal said.

In October 21-22, the state government is also organising a summit under the Vibrant Gujarat banner specially dedicated to start-ups. The event organised by the state government arms — Industrial Extension Bureau (iNDEXTb) and Gujarat Industrial Development Corporation (GIDC) — will host more than 3500 delegates and more than 50 national and international speakers.

“To provide more focus to start-ups and to highlight Gujarat as a start-up destination, mainly in manufacturing, we have decided to organise an exclusive two-day event in October… so that the national level start-ups know about Gujarat’s incentive scheme and they are attracted towards it and find good opportunity in Gujarat in manufacturing and other start-up sectors,” Agarwal added.

In order to promote this event, the state government will also be holding roadshows in start-up hubs like Bengaluru, Hyderabad, Delhi and Mumbai. It will also organise pre-event workshops in Surat, Vadodara, Rajkot, Anand and Mehsana.

First published on: 08-07-2016 at 06:24:53 pm
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