Haryana’s first startup incubation centre was launched in Panchkula on Tuesday. Spread over 3000 square feet, the incubation centre is located at Government College, Sector 1, in Panchkula.

Additionally, the Haryana government has also made a provision of Rs 10 crore to support students studying in colleges and universities for launching their own start-ups, Education Minister Ram Bilas Sharma announced yesterday.

Speaking about incubation centre, it is launched by the department of higher education in association with Startup Accelerator Chamber of Commerce (SACC) and has a sitting capacity of 80 persons and has state-of-the-art infrastructure, a recreational area, mentoring room, mini cafeteria etc.

According to media reports, the startup incubator will initially cater to the students of four government colleges of the district located in Panchkula, Barwala and Kalka. According to the officials, 70 students have already joined the centre.

Primary target of this startup incubator is to foster entrepreneurship by using tools like boot camps, workshops, regular classes on entrepreneurship, said SACC officials.

The state government also hints on starting a money bank for new entrepreneurs of the state, which would provide interest-free financial assistance along with bus service for girl students who travel in remote areas.

The above news was first reported separately in Times of India and Business Standard

In January, Haryana's state government has announced that it is planning to build the India's biggest startup hub called Startup Village> in Gurgaon over the next couple of years.

Last October, Haryana government had announced setting up of
two entrepreneur centres in the state aims at facilitating growth by promoting entrepreneurship among the youth of the region. Prior to this, the state govt had also announced setting up of first Centre for Innovation and Entrepreneurship (CIE) in Gurugram under Haryana's new state startup policy.

Last December, Haryana's twin state Punjab had also announced that it will soon launch a startup incubator called as 'Start-up Hub'. The incubator will be located in Mohali city.

Few days back, tamil Nadu state government had announced to launch one of its kind government-aided incubator for financial technology (Fintech) startups. The incubator will be located in Chennai.

Moreover, Haryana's another twin state Delhi had also announced to launch startup incubator on the lines of T-Hub, an India's largest startup incubator to date.

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