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Policy benefits

 
  1. Accelerators shall be required to commit minimum incubation space at the time of submitting the application for recognition under the policy and should meet the sq. ft. space per incubatee criteria. The area requirement for various categories of Accelerators shall be as follows which can vary only under case to case basis with the approval of PIU:
    • Educational institutes: 10,000 sq. ft.
    • Private organizations occupying commercial space: 5,000 sq. ft.
  2. Sector specific Accelerators shall be established in consultation with respective departments through collaboration/partnership with academic institutions/private sector.
Capital Grant

Cost of setting up the technology infrastructure shall be reimbursed upto 75% in case of Government Host Institutes and 50% in case of other Host Institutes of the total claimed amount subject to a maximum limit of:

  • Service Industry: INR One (1) Crore for setting up the technology infrastructure
  • Manufacturing industry: INR Five (5) Crore for setting up of plant & machinery, testing equipments etc. The same limit shall be applicable to Host Institutions for scaling up existing Accelerator/accelerators. In case the grant amount needs to be increased, the same shall be decided by Empowered Committee on case to case basis.

Additional 25% incentive shall be offered to Accelerators in the Purvanchal and Bundelkhand regions.

 
Operational Expenditure

10 Financial support of maximum INR 15 Lakhs per year for 5 years, covering the deficit of the operational expenditure in running the Accelerator/accelerator or until self-sustainable, whichever is earlier.

OR

Operational Support

The same shall be applicable to Accelerators until self-sustainable or five (5) years, whichever is earlier.

  • Rebate on Lease/ Rental Space: Reimbursement up to 25% of lease / rental charges with a maximum limit of INR 10 lakhs per year, for a period of five (5) years.
  • Reimbursement of paid Stamp Duty and Registration: Fee 100% reimbursement of the Stamp Duty and Registration Fee paid on sale/ lease / transfer of land and office space for a period of five (5) years.
  • Electricity Duty Reimbursement: 100% reimbursement on electricity duty for a period of five (5) years.
 
Mentorship Assistance

Mentorship assistance of INR five (5) Lakhs per mentor shall be reimbursed to mentors associated with Accelerator/accelerator. This assistance shall be given for covering expenses incurred on coaching, guiding, travelling, lodging etc. A separate budget provision of INR 50 Lakhs per year shall be provisioned for mentors/jury to participate in the GoUP organized programs/events incurred in traveling and lodging.

 
Accelerator Programs

A matching grant upto INR 15 Lakhs per year would be given to competent institutions to run accelerator program to support startups in the state. The competent institutions in this case would be GoI/GoUP supported Accelerators, angel investors registered with SEBI/Banks or reputed academic institutions.

 
Sector Focused Accelerators

In addition to the capital grant given under the policy, 25% additional incentives shall be given depending on the cost of the machines, number of incubates, and other critical parameters.

 
Performance Linked Incentives (PLI)

Performance linked incentive of INR 10 Lakhs shall be awarded to Accelerators for each incubated successful startup which has received Series B funding of minimum 2 Crores.

 
Lead Accelerators

All Navratna Accelerators shall be reimbursed upto INR 10 Lakhs per annum for the expenses incurred to support host institutes/Accelerators for developing/scaling up the incubation capabilities.

 

The Government of Uttar Pradesh shall provide financial support in the form of Grant-in-aid (covering capital and operational expenditure) upto INR 10 crore to CoE for a maximum period of 5 years until the CoE becomes self-sustainable.

 
 
Non-Fiscal Incentives

The Government of Uttar Pradesh shall provide financial support in the form of Grant-in-aid (covering capital and operational expenditure) upto INR 10 crore to CoE for a maximum period of 5 years until the CoE becomes self-sustainable.

 
Non-Fiscal Incentives

Startups and Accelerators in the State will be permitted to file self-certifications, in the prescribed formats under the following acts and rules framed (may be amended from time to time) there under barring inspections arising out of specific complaints:

  1. The Factories Act 12
  2. The Maternity Benefit Act
  3. The Shops & Establishments Act
  4. The Contract Labour (Regulations & Abolition) Act
  5. The Payment of Wages Act
  6. The Minimum Wages Act
  7. The Employment Exchanges (Compulsory Notification of Vacancies) Act