Early Times Report
LUCKNOW, Oct 30: Under the leadership of Chief Minister Yogi Adityanath, UP government is making continuous efforts to transform youth from job seekers into entrepreneurs who generate employment. Thanks to the government's effective policies, financial incentives, and institutional support, UP has established itself as the country's third-largest startup ecosystem.
The number of startups registered with the Government of India in the state has crossed 24,000. Meanwhile, more than 3,500 startups are registered under 'Start-In-UP'. This achievement reflects the state's rapidly growing environment for innovation, technological development, and entrepreneurship.
To give institutional form to the state's startup culture, the Yogi government notified the Uttar Pradesh Startup Policy-2020 on July 15, 2020. Under this policy, the government set targets to build an ecosystem of 10,000 startups and develop a network of at least 100 incubators across various regions of the state. Given rapid changes in the startup sector and growing youth participation, the government also notified the first amendment to the policy on November 9, 2022. |
