Govt to make Bihar leader in startup sector: Industry min

Patna : State industry minister Samir Kumar Mahaseth on Tuesday said the government was working on a mission to make Bihar a leader in the field of startups. “When we grow rapidly in the startup sector , Bihar will progress. We will all progress together,” the minister said while addressing the Bihar Startup Awards 2024 event at Adhiveshan Bhawan on the occasion of National Startup Day.

Referring to the opening of more than 500 startups in Bihar, the minister said, “There was a time when the concept of startups was considered a joke in Bihar. This mentality of people has changed now, thanks to the initiatives taken by the state government. ” Awards were presented to several startups active in the state.

Medivisor Pvt Ltd received the Best Startup of the Year award, Vedprabha Aerospace Pvt Ltd. emerged first runner-up, and Biro Power Pvt Ltd second runner-up in this category. Awards were also given in various categories, including women’s leadership, agriculture, information technology, e-commerce, electric vehicles and ed-tech.

State industry department officials explained various provisions of the Bihar Startup Policy to the entrepreneurs. “Under the policy, interest-free seed funding of up to Rs 10 lakh is provided to budding entrepreneurs for a period of ten years. A 5% higher amount is allocated as seed funding to startups initiated by women, and 15% more for startups led by scheduled castes/scheduled tribes and differently-abled individuals.

Additionally, a grant of up to Rs 3 lakh is given to individuals participating in acceleration programs. If investments are received from registered entities and angel investors, matching loans of up to Rs 50 lakh are also provided,” an industry department official said. We also published the following articles recently National Startup Day 2024: Startup founders on funding winter, challenges, opportunities and more January 16 is celebrated as National Startup Day, announced by Prime Minister Narendra Modi, to recognize and celebrate the growth and contributions of the startup community to the Indian economy.

The startup ecosystem plays a pivotal role in propelling the nation’s GDP by 4-5% in the next few years. 45% startups in Hry owned by women Gurgaon: Governor Bandaru Dattatreya revealed that Haryana has over 6,000 recognized startups, including 14 unicorns. The state celebrated National Startup Day after approving its own startup policy.

Director General CG Rajini Kaanthan highlighted the benefits offered by Haryana State Startup Policy 2022. Govt woos startups with Design in Goa The department of information technology, electronics and communication aims to create an ecosystem in Goa to encourage innovators and startups. The GOA roadmap includes developing digital villages, creating digital hubs along the beach belt, and funding higher research and PhD studies for women.

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