UP Startup Policy 2020

• 13 Jul 2020

• The Uttar Pradesh (UP) Government has approved Uttar Pradesh Startup Policy 2020 to increase the job opportunities and employment in Uttar Pradesh by promoting the developing units in agriculture, health, power, education, tourism and transport sectors.
• The policy aims at ensuring the position of UP within the top tier of the Centre’s startup rankings; creating 100 incubators with at least one unit in each 75 districts; creating an ecosystem to promote 10,000 startups; setting up state of the art centres; and creating the largest incubator of India in Lucknow.
• The validity of this policy is five years from the date of notification which is estimated to provide direct employment to more than 50,000 people and generate self -employment to around 1.5 lakh people.
• The policy provides special focus, financial and incubation support on the startups in the Backward regions (Purvanchal and Bundelkhand regions).