Gujarat is the most preferred destination of 43% funded start-ups

 

• Government of Gujarat launched the new Start-up Policy 2015 to inspire new ideas of young industrialists and to empower the youth inside the state. With this policy, Gujarat has currently emerged as the Start-up hub with a share of forty third percentage of the one hundred fifty funded startups. 
• In addition to the new Start-up Policy 2015, the government of Gujarat’s Department of Science and Technology has launched the IT ITeS & physics Start-ups Policy and so the Department of higher and Technical Education launched the scholar Start-up Innovation Policy to encourage start-ups.
• As per the report of NASSCOM (IT business body of Govt. of India), there has been a rise in startups at annual average of 12- 15% from 2014 to 2019. 
• From 2014 - 2019, fourth three percent out of the one hundred and fifty funded startups in India have emerged in Gujarat. 
• As a result of the assistance provided by Chief Minister Shri Vijay Rupani, young start-ups within the state have gotten ample opportunities to develop and expand start-ups through money help, on-line application, monitoring, and following facility.
• More than 9000 start-ups have been established in the country from 2014 to 2019. Out of this, Gujarat has quite 1500 registered start-ups. 
• 10 lakh Rs. help is provided for stuff and resources necessary for the innovative conception of start-ups. Except this, incubators are given capital help of up to fifty percent. Steering help up to five lakh rupees each year and exemption in power tariff and electricity duty. 
• The start-up culture has gained momentum because of this cheering approach of the Govt of Gujarat. Activities of incubators, start-ups in teaching establishments, native universities are given opportunities to develop and form their concepts and ideas. 
• With the inspiration of Prime Minister Shri Narendra Modi, the institution of iCreate  within the state with the cooperation of Israel has given a chance to the youth for ideologic exchange and technology sharing. Help is additionally  being provided for start-up innovations through iCreate.
• Given the importance and potential of this whole eco-system of Gujarat in status, the upcoming Start-up Convention of BIMSTEC countries including Bangladesh, India, Bhutan, Myanmar, Sri Lanka, Thailand, and Nepal is going to be held in Gujarat.
• Since 2016, the state has provided help of Rs.140-crore to start-ups and quite 4000 people have gotten employment opportunities in varied start-up sectors.
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