UP govt to set up two centres of excellence for promotion of startups

| | Lucknow
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UP govt to set up two centres of excellence for promotion of startups

Saturday, 25 June 2022 | PNS | Lucknow

The Uttar Pradesh government has decided to set up two centres of excellence in the state for the promotion of startups.

One of these startups is being set up in the Indian Institute of Technology, Kanpur for promotion of drone technology.

With the Yogi government committed to providing a better ecosystem to industries, around 6,379 startups have already registered in the state.

According to the department for promotion of industry and internal trade of the Centre, 6,379 startups are registered in Uttar Pradesh.

“The startup policy of the state government has been framed to provide all support to those willing to set up their startups in the state,” said Vinayak Nath, chairman of UP Startup Council.

Noida has turned out to be the most preferred destination for startups followed by Ghaziabad, Agra, Lucknow and Gorakhpur in Purvanchal region. According to government officials, around 1,154 startups have registered in Noida, 533 in Ghaziabad, 500 in Lucknow and 1,219 in Bundelkhand and Purvanchal regions of the state.

According to industry experts, Noida is a preferred destination for startups due to availability of logistics, better connectivity and availability of land for big projects. The Information Technology and Electronics department of the state government has also decided to set up 100 incubators with one incubator in each district.  Around 47 incubators have already been set up. In the state capital, the country’s biggest incubator will come up in around 2.5 lakh square feet area. The Uttar Pradesh Electronics Corporation (UPEC) has already identified a land opposite CCS airport in Amausi to set up the incubation centre. The UPEC is in talks with Software Technology Parks of India (STPI), a Union government enterprise, to build and operate this incubation centre.

The startup policy of the state government offers additional incentives of 50 per cent to startups based in Purvanchal and Bundelkhand regions as well as to those where startup founders/co-founder is a woman, divyangjan or from a transgender community.

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