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Startinup Initiative

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Startinup Initiative

 

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“Start in Uttar Pradesh (START-IN-UP)” to promote startup culture & entrepreneurship in Uttar Pradesh

The Uttar Pradesh Start-up Policy gives thrust to “START IN UP”, to nurture startup culture using INFUSE model (INcubators – FUnd of Funds – Startup Entrepreneurs). Various incentives shall be provided by the Government to Incubators, Startups and Investors funding UP based startups.

IT & Startup Policy 2017

"To develop IT as a vehicle for holistic socio-economic development of Uttar Pradesh with a focus on creating employment, promoting entrepreneurship, innovation and enhanced quality of life"

The mission of the State is to:

  • To develop Uttar Pradesh as a leading IT/ITeS investment destination
  • To create a conducive environment for the growth of investors, entrepreneurs and start-ups
  • To generate employment opportunities and nurture entrepreneurship among the youths in Uttar Pradesh
  • To create equitable and balanced growth across the state by enabling effective use of technology
  • To develop and promote attractive business ecosystem in UP by offering congenial, business friendly and progressive reforms, initiatives and unique value propositions
  • To promote human development and infrastructure development by means of IT Cities, IT Parks, IT-BPM units
  • To instill and nourish entrepreneurship and innovation by providing impetus to Start-ups, Incubators, Centers of Excellence
  • To lead digital empowerment through creation of citizen centric services, whereby welfare is generated across all sections of the society
  • A Policy Implementation Unit (PIU) shall be established under the chairmanship of Principal Secretary, Department of IT & Electronics. The Policy Implementation Unit shall take decisions on matters pertaining to effective and successful implementation of IT & Start-up Policy, like those related to promotion of start-ups, Incubators, Venture Capitalists, Start-up Corpus Fund, IT/ITeS units. The PIU shall be responsible for providing recommendation and approval for incentives applicable to IT/ITeS units, Incubators/ Accelerators/ CoE and Startups etc in Uttar Pradesh. It shall provide timely redressal of their grievances and facilitate necessary guidance and support. In case, a decision is not being able to resolve at the level of PIU, it shall be taken up to the Empowered Committee, chaired by the Chief Secretary.
  • The PIU shall comprise of Consultants appointed on an outsourcing basis to implement, support, monitor and provide feedback to Policy Implementation Unit Committee/ Empowered Committee on the implementation of Uttar Pradesh IT & Start up policy for a period of 5 years. Other primary responsibilities of PIU include facilitation to potential investors, liaison with Government functionaries, engagement with Industry, Industry Associations, Entrepreneurs and Start-ups, Branding and Marketing of policy.
    Note: Department of IT & Electronics shall nominate its nodal agency to promote IT/ITeS units, Start-ups, Incubators/Accelerators/CoE & encourage Host Institutions in the state. It shall be the nodal agency for implementing UP IT & Start-up Policy

State Level Empowered Committee under the chairmanship of the Chief Secretary shall oversee the development of UP IT & Start-up Policy and monitor the implementation of the same. This committee shall among others comprise APC, IIDC, and Principal Secretaries of IT&E, Finance, Planning, MSME, Commercial Tax, Energy, Transport, Revenue, Housing and other departments as required

  • The Empowered Committee shall provide recommendation / approval for investment on case to case basis, for development of IT City/IT Park/Mega Investment/ Incubators / Accelerator / CoEs, to bring about inter-Departmental coordination, for establishment of Fund of Funds, for grievance redressal of investors, startups etc.
  • The maximum limit of financial incentives under the UP IT & Start-up Policy, may be relaxed on the recommendation of the Empowered Committee

This Policy is valid for a period of 5 years from the date of its notification. It supersedes the previous IT Policies, including UP IT Policy 2012 and UP IT & Start-up Policy 2016.