InvestUP: Government Schemes Empowering Startups
"InvestUP is leading the way in facilitating startup growth through government schemes tailored to empower entrepreneurs. With a sector overview showcasing Uttar Pradesh's vast potential, including its significant population within the working-age group and the largest consumer base in the country, the state offers an ideal landscape for startup initiatives. By allocating substantial funds, such as the 150 Crore collaboration with AKTU and the dedicated 1000 Crore Uttar Pradesh StartUps fund, the government ensures robust financial backing for emerging ventures. Furthermore, the presence of 100 upcoming incubators provides entrepreneurs with essential resources and mentorship opportunities. Key enablers, such as abundant skilled labor and prestigious institutes like IIIT Prayagraj, IIT Kanpur, IIT BHU, and IIM Lucknow, complement various government schemes for startups, strengthening the startup ecosystem. Additionally, InvestUP supports startups through provisions like patent filing assistance and key policy measures such as interest subsidies, rental/lease rebates, capital grants, and electricity duty exemptions, all aimed at nurturing a conducive environment for startup success."
