Gurgaon To Have 'Startup Village' Which Will Be India's Biggest Startup Hub

Gurugram, earlier known as Gurgaon, is poised to outcast Bengaluru to become India's silicon valley at least in terms of number of tech startups the cities have.

In a new announcement made by Haryana's state government, the state government is planning to build the India's biggest startup hub in Gurgaon over the next couple of years.

Currently, the biggest startup incubator tag is with Hyderabad's T-Hub and Haryana government plans to build the startup hub in the line of same.

Called as 'Global Start-Up Village', Gurgaon's startup hub will also be developed under public-private partnership model just like T-Hub and will include research and incubator facilities as well.

The hub is likely to come up on a 2.5 acre plot. The exact location and the land is yet to be finalized and to be envisaged under the Haryana Entrepreneur and Start-up Policy 2017.

The 'Global Startup Village' project report and estimates are ready, the government can allot funds for the hub. The Haryana government has already announced a Rs 100-crore corpus to aid upcoming start-ups in the city under its 2017 policy, reported Times of India citing officials privy to the development.

"The idea behind the start-up village is to create a space for entrepreneurs and researchers, where they can do their research and put their ideas into action. With this village, we wish to strengthen Gurgaon's image as an international start-up hub," said a senior government official.

Sources said the T-Hub in Hyderabad, had inspired the idea behind the start-up village in Gurgaon. T-Hub was set up by the Telangana government in 2015 in association with Indian School of Business and The International Institute for Information Technology, Hyderabad. The Hyderabad facility is spread across 70,000 sq ft.

Hyderabad's T-Hub is inspiring many other Indian states to replicate the success it got among global startup ecosystem. In November 2017, Kejriwal government in Delhi as a state also announced that it will soon launch a Startup incubator in line with T-Hub.

Notably, Gurgaon - touted as millennium city, also houses World's largest co-working space facility launched by firm WeWork in 2017. Its currently has 12,000 seating capacity.

Last month, another northern 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.

Haryana Govt To Set Up 2 Entrepreneur Centres To Promote Startups

Just a couple of months after launching startup policy, Haryana government has announced setting up of two entrepreneur centres in the state aims at facilitating growth by promoting entrepreneurship among the youth of the region.

Vipul Goel, MLA in the Haryana government informed about the latest development through his official twitter handle.

To provide infrastructure support to start-ups, 2 Entrepreneur Centre will be developed in Haryana. pic.twitter.com/1QULqMPrqg

— Vipul Goel (@VipulGoelBJP) October 18, 2017

The Minister informed that the government is taking this initiative with the larger motive of promoting startup ecosystem in the region.

As a part of the initiative, one entrepreneur centre would be developed in Gurugram, spread over a land measuring 2 acres. The other centre is to be established in the Panchkula region spread over a land measuring 6.5 acres. The Minister further informed that these centres are being set up with an infrastructure that is well connected with other institutions including academia, corporate, research institutions as well as government sectors.

Earlier last month, 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.

Innovation and Entrepreneurship Centre in Gurugram Under Haryana Startup Policy

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.

Innovation and Entrepreneurship Centre in Gurugram Under Haryana Startup Policy

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.