Gujarat Govt Supports 175 Startups With $3.2 Mn Financial Aid Over 2 Years

This is in line with the Gujarat government's aim to facilitate 2,000 startups by 2021
M K Das, principal secretary to the chief minister, said Gujarat stood third after Karnataka and Delhi in nurturing startups
Sunil Parekh, chairman of the startup committee of FICCI, said apart from the 175 government-funded startups, there are 26 startups in the state

Supporting the Centre’s Startup India movement, Gujarat government claims to have provided 175 startups with financial assistance worth $3.2 mn (INR 22 Cr) over two years.

This is in line with the aim of the government to facilitate 2,000 startups by 2021.

M K Das, principal secretary to the chief minister, was addressing the plans of Vibrant Gujarat: Startup and Technology Summit 2018, which will be held on October 11-13 to project the startup “revolution” in the state.

We have disbursed Rs 22 crore to 175 startups in Gujarat,” he said.

In the Electronic & IT/ITES Startup Policy (2016-21), the state government had set a target to facilitate the establishment of about 2,000 startup firms during the five-year period.

Das also explained, “These are the ones that the state government is funding. Several others have received private funding.”


 

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