September would see Gurugram getting its first Centre for Innovation and Entrepreneurship (CIE) under Haryana’s new state startup policy. Scheduled to be launched during the Digital Haryana Summit to be held later this month, the CIE, which will be spread over two-acres of land, aims to reinforce the state’s startup ecosystem.
The CIE will be developed in a private public partnership (PPP) model, wherein the state government will be seen collaborating with industry leaders and academic institutions for the project. The centre will be established right in the city.
In May, we had reported how Delhi’s neighboring state Haryana had taken a progressive step and carved out its own draft policy aimed towards transforming the state into a startup hub by providing support to entrepreneurial talents and new-age innovators present in the state. This was followed by us reporting in August that the state government has finally converted the draft into a legit startup policy, which would soon be officially announced during the Digital Haryana Summit to held on 15th September.
In addition to the CIE, the draft also mentions establishing a startup warehouse and a mobile application development centre in Gurugram. Both of these facilities have already been launched last year, though the startup warehouse hasn’t yet started functioning full-scale. Besides establishing these aforementioned facilities, Haryana’s startup policy also aims to develop a total of 1 million sqft of work space across the state.
According to a TOI report, the yet to be released startup policy largely follows its draft, minus a few small changes here and there. The report quotes Vijyander Kumar, secretary, electronics and IT department and MD, HARTRON saying, “The policy will follow the draft which was released earlier, but we’ll consider suggestions submitted to the government.”
Kumar also revealed that the Haryana government has now received a full-fledged feedback on the startup policy, the draft of which was put in the public domain for stakeholders to access a few months ago.
According to the policy, an entity will be recognised as a startup if it is incorporated or registered in Haryana, not prior to five years and has an annual turnover not exceeding Rs 25 crore. The draft policy, which is still available on www.haryana.gov.in, states that the Haryana government will be providing these startups with a number of incentives and benefits for a smooth ride in their state.
These incentives would include incubation centres, fiscal support, regulatory initiatives and financial incentives. According to the draft document, the state government would be creating a corpus of Rs 200 crore, which will be be put to use for two things — firstly to incubate ideas and secondly to support them financially through venture capital funds for scalability.
The Haryana government has also decided on reducing regulatory compliances for already registered startups in the state so as to optimise the regulatory framework for the purpose of enabling ease of business doing. Once officially launched, a committee constituted under the chairmanship of the IT secretary will be given the responsibility of closely monitoring the implementation of the policy.
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