Delhi Approves ₹400 Crore Startup Policy

Key facts

• The Delhi Cabinet approved the Delhi Startup and Incubation Policy with a financial outlay of more than ₹400 crore over five years.
• The policy aims to provide incubation facilities, mentorship, and milestone-based funding to transform youth into job creators.
• It will be initially rolled out across 11 state universities, 13 government-aided colleges, polytechnics, ITIs, and government schools.
• Eligible institutions will receive one-time financial assistance to establish or strengthen incubation centres, along with annual operational support.
• Startups incubated at these centres will receive milestone-based financial assistance for proof of concept, prototype development, product development, market validation, and commercialisation.
• The policy includes an annual Delhi Startup Youth Festival and a State Incubation Policy Monitoring Committee for oversight.