Over 750 startups set up in UP in past one year

Lucknow: The exceptional improvement in ease of doing business in Uttar Pradesh has led to a positive impact on the startup sector also.

With the continuous rise in the number of startups in the state, 3406 startups, recognized by the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India, have been established in Uttar Pradesh during the last three years.

Referring to the best startup ecosystem being developed in the state as a result of efficient implementation of IT and Startup Policy-2017 and New Startup Policy-2020, Deputy Chief Minister and Minister of IT and Electronics, Dr. Dinesh Sharma said here on Wednesday that the state government was developing a world-class startup ecosystem in the state through a strong infrastructure and favorable policy environment.

The Minister said that apart from creating employment, State’s Startup policies were promoting innovation and entrepreneurship along with the contribution to the state’s economy and empowerment of youth.

Additional Chief Secretary, IT and Electronics, Alok Kumar informed that despite the Covid-19 pandemic, 773 startups had been established in the last one year from December 2019 to December 2020 and in addition to 17 incubators in the last two years under IT & Startup policy 2017, seven proposals for the establishment of incubators have been approved in the current month under new Startup policy-2020, including the first incubator of Bundelkhand region in Rajkiya Engineering College, Banda, Atal Incubation Center in BHU Varanasi, NASSCOM 10000 Startup Warehouse in Noida, Jaipuria Incubator and Maharshi Center for Entrepreneur Development in Lucknow, Startup Launchpad in Mathura, GLA University, Krishna Engineering College, Ghaziabad.

Underlining the objective of encouraging startups in non-IT sectors in the new startup policy, he said that the establishment of 117 incubators has been set as a target for developing startup ecosystems in institutions, universities, colleges under the main departments like MSME, Khadi, agricultural education, medical education, higher/technical education, etc.

Additional Chief Secretary said that an evaluation committee has been constituted under the Startup Policy-2020 to approve applications of startups for incentives. This committee comprises of expert representatives nominated by top-grade institutes, including IIT-Kanpur; Abdul Kalam University of Technology-Lucknow; IIM-Lucknow; STPI-Lucknow, IIT-BHU; K.I.E.T. Ghaziabad and SIDBI.

In September 2020, Uttar Pradesh has been ranked in the category of ‘Emerging Startup Ecosystem’ in the Startup Ranking -2020 of States released by the Department of Industry Promotion and Internal Trade (DPIIT), Government of India.