Chandigarh Startup Policy to be launched soon – Secretary, Chandigarh Administration

Chandigarh: Chandigarh will get its own Startup Policy with special focus on women entrepreneurship soon, informed Mr Yashpal Garg, IAS, Secretary, Chandigarh Administration. He was addressing a video conference on Startups organized by PHD Chamber of Commerce & Industry in collaboration with Chandigarh Administration and startup Punjab.

He further shared that Incubation Center at Chandigarh for IT sector is operating since 2001. The new policy will focus on accommodating non IT Startups and expand the scope of incentivizing to private and institutional incubators, co-working spaces and startups.

Ms Aastha Grover, Head, Startup Hub, Invest India conducted a workshop on startup schemes, registration process, recognition schemes, seed funds and special agreements with ministries and corporates to promote products and services of Startups.

During her workshop she informed the participants regarding various modes created by the Government of India to provide market access to startups including access to 30 States / UTs through their policies, International tie ups with 11 countries to open access to their investors and market, tie ups with corporates to promote the products and services by startups, pro bono service with listed companies and government engagement for social startups. She added that exclusive patent application route created for DPIIT registered startups increased the patent registration three times in past 4 years.

She informed the participants about the funding schemes and the application process under various government schemes launched by different departments.

Mr Madhu Sudan Vij, Chair, Chandigarh Chapter informed the participants regarding services provided to startups through PHD – MSME Mentoring & Guidance Center and further encouraged them to take the membership.

While moderating the session Mr Param Kalra, Regional Chair, Startup Committee addressed and tried to get the solutions for the pain points of the startups including the cost of incorporation of a company, higher cost of power and internet supply, need to enhance the exposure and reach for the tier 2 and tier 3 cities based startups, availing the government schemes, access to the funds to incubators and startups.

The Session was attended by over 75 entrepreneurs from the region.