x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   India rejects mediation on Kashmir, demands return of PoJK, terrorists | Any further violations by Pak will get ‘fierce and punitive’ response: Armed Forces | PM Modi gives strong directions to armed forces | After aggressive retaliation, Pak DGMO approached for ceasefire | Social media handles likely to face action for spreading fake news | Might of Indian military felt in Rawalpindi: Rajnath Singh | Executed tasks with precision: IAF | PM Modi chairs high-level meeting | LG Sinha meets civilians injured in Pak shelling | Army Chief reviews security situation | Don’t rush back home: J&K Police to border residents | Police raid 20 locations in South Kashmir | Soldier martyred in cross-border shelling given tearful adieu | Senior BJP leader Pardeep Sharma launches plantation drive | Show must Go On: Natrang stages ‘Topian’ | Reasi police arrests notorious drug peddler, recovers 5.43 grams heroin-like substance | 84 Bn CRPF assisted the students fleeing Kashmir valley | Indian Army distributes food to locals | Karra pays tributes to Dr Thapa , other martyrs, seeks compensation for victims | Cluster University of Jammu secures AICTE approval for BBA, BCA programs | Ritika Trehan leads Subhadra society visit to GMC to support victims of Pak shelling | PoK integral part of India, Pakistan should return it: Kavinder | Gurugram: Over Rs 10 lakh stolen from ATM without physical damage, probe on | GGM Science College hosts online seminar for NCC cadets | Assam: 10-yr boy killed by mother’s lover in Guwahati | Veterans/ExSM/Veer Nari meet held at Gando, Kishtwar to Honor Service, Sacrifice | 84 Bn CRPF assisted students fleeing Kashmir valley | Terrorism is like dog’s crooked tail, needs to be tackled firmly: CM Yogi | Radha Raman temple will hold special prayer of peace for humanity on its Prakatyotsav | Drone found in Bengal’s Murshidabad non-lethal: BSF | Stern Warning | Back Issues  
 
news details
LG Sinha launches 'New Jammu & Kashmir Start-up Policy- 2024-27'
3/3/2024 10:55:21 PM

Early Times Report

JAMMU, Mar 3: Lieutenant Governor Manoj Sinha today launched the much-awaited 'New Jammu & Kashmir Start-up Policy- 2024-27', at the Avinya Startup Summit.
The Lt Governor congratulated the young entrepreneurs and innovators on the historic occasion.
“New Start-up Policy aims to establish J&K as one of the leading start-up ecosystems by 2027. It is a giant leap for startups and innovators of Jammu Kashmir,” the Lt Governor said.
He said the Policy has been meticulously drafted to establish 2,000 startups in J&K by 2027, underscoring the commitment of the UT Administration to foster a dynamic entrepreneurial ecosystem.
Highlighting the key features of the new J&K Start-Up Policy, the Lt Governor said the policy aims to set up a Rs. 250 Crore Venture Capital Fund, with an initial infusion of Rs. 25 Crores from J&K Administration.
This fund will provide crucial support for growth, early-stage financial handholding and it will encourage growth of viable business models, he added.
The Lt Governor reiterated the commitment of the UT Administration to establish and empower new incubation centres, seed funding through JKEDI for developing prototype of innovative products and provide additional support to female entrepreneurs, through the new startup policy.
New policy will provide patent-related assistance, financial assistance for mentorship to recognised startups, facilitation for DPIIT registration and additional need-based support to start-ups working in diverse fields, he observed.
Addressing the entrepreneurs and innovators on the occasion, the Lt Governor called for collective action to build dynamic economic environment in the UT where business can thrive, investment can prosper and entrepreneurs can actualise their aspirations.
He also talked about the challenges and growth opportunities in different sectors in Jammu Kashmir.
J&K UT has 722 registered startups, with a notable focus on gender inclusivity, boasting 254 women-led startups. The Jammu & Kash
"I invite the potential investors from across the country to explore the unlimited possibilities present in the Union Territory and contribute to the growth journey of Jammu Kashmir."
ir startup ecosystem exhibits a diverse landscape, with Construction & Engineering emerges as a key player, constituting 49% of the total startups, followed by Skill Development (12%), Oil & Gas Transportation (12%), IT Consulting (8%), Business Support Services (7%), Food Processing (6%), and Agri-Tech (5%). This showcases the entrepreneurial diversity and the presence of startups across various industries.
The Lt Governor said the policy reflects a comprehensive survey on government support, incubator collaboration, and policy requirements. Notably, 69% of startups seek support for Marketing & Branding, while the collaboration with incubators is at 7.89%, presenting an opportunity for increased engagement.
Jammu & Kashmir is home to 12 incubators, playing a vital role in nurturing and guiding startups during their early stages, the Lt Governor said.
He said the ecosystem benefits from collaborations, with 16 partnerships and Memoranda of Understanding (MoUs) established with various institutions and organizations to provide additional support and resources.
I invite the potential investors from across the country to explore the unlimited possibilities present in the Union Territory and contribute to the growth journey of Jammu Kashmir, he said.
He further impressed upon the Financial and Academic Institutions to play their vital role in effective on-ground implementation of the new startup policy.
Sh Atal Dulloo, Chief Secretary; Sh Vikramjit Singh, Commissioner Secretary, Industries & Commerce Department; Sh Ramesh Kumar, Divisional Commissioner Jammu; Sh Baldev Prakash, MD and CEO J&K Bank; Prof BS Sahay, Director IIM Jammu; Sh Arun Manhas, Director, Industries Jammu; Sh Ishan Verma, President JK Startups Association, officials of UT Administration, SIDBI, Startup India and young entrepreneurs were present.
CEOs and representatives of various companies and Startup ventures like Via ENS, Branding Elves, Fast Beetle, Fix and Ease, Pure Mart, MGM, Tramboo Sports were also present.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU