Haryana emerges as 7th largest state for start-ups
Haryana has made significant strides in the field of innovation and entrepreneurship, emerging as the seventh-largest state in India in terms of the number of start-ups recognised with the Department for Promotion of Industry and Internal Trade (DPIIT). There are over 8,800 DPIIT-recognised start-ups in the state.
A particularly encouraging aspect of this growth is the strong presence of women entrepreneurs with more than 45 per cent of start-ups in Haryana being led by them. This was revealed during a review meeting of the State Start-up Ecosystem and Incubator Schemes held under the chairmanship of Chief Secretary Anurag Rastogi.
Haryana’s role in the country’s unicorn story is also remarkable. Out of the 117 unicorns in India, 19 have their origins in Haryana.
These factors are positioning Haryana as a key contributor to the national economy through innovation-led growth.
More than 25 incubators have been established in government and private universities across the state. Additionally, over 10 private-sector-run incubators and 10 government-supported incubators are currently operational, offering a wide range of services including mentorship, networking opportunities and infrastructural support.
“Our vision is to build a self-sustaining ecosystem where innovation thrives from the grassroots to a global scale," said Rastogi.
Secretary of Industries and Commerce Amit Agrawal informed that the state government is now preparing to launch a new set of schemes under the Haryana State Startup Policy 2022. These schemes aim to provide comprehensive financial and infrastructural assistance to government-owned, government-supported and private incubators. The schemes include a capital subsidy covering 50 per cent of the capital expenditure, up to Rs 2 crore for government host institutions and Rs 1 crore for private ones. Financial assistance of up to Rs 4 crore will be available for the development of new start-up warehouses or innovation campuses, with an additional Rs 1 crore per annum for three years to meet recurring operational expenses.
To further ease the operational burden, the schemes offer a 50 per cent reimbursement on lease rent (up to Rs 5 lakh per year for three years) and a 100 per cent reimbursement on stamp duty and registration charges. Government-owned or supported incubators will also receive Rs 2.5 lakh annually for mentorship initiatives. Additionally, financial support of up to Rs 50 lakh per event will be provided for organising or participating in national and international exhibitions and start-up fairs.
In order to promote innovation at the academic level, the government will provide up to Rs 50 lakh to establish new incubation centres in government universities and institutions, along with Rs 20 lakh per year for five years to cover recurring expenses.
Haryana Tribune