GURGAON: Gurgaon is set to get a Centre for Innovation and Entrepreneurship (CIE) under the state’s new start-up policy which will be unveiled during the Digital Haryana Summit to be held later this month.
The draft start-up policy by the state government mentions a two acre CIE which will be built for the purpose of reinforcing the start-up eco-system in the state. The project will be developed in Private Public partnership model where the state government will associate with academic institutions and industry leaders.
Senior officials within the state department told TOI that the policy will largely follow its draft barring a few minor changes. “The policy will follow the draft which was released earlier, however we will consider the suggestions submitted to the government with respect to the policy,” said Vijyander Kumar, secretary, Electronic and IT, Haryana and MD, HARTRON.
He also confirmed that a CIE will be established in the city. The draft policy was put out for the stakeholders to access a couple of month’s back, following which the state government has also received feedback on the policy. Other than the CIE, the draft also mentions a start-upwarehouse and a mobile application development centre in Gurgaon.
Both these facilities have already been launched over the last one year. The start-up warehouse has not yet started functioning full scale. Besides, the facilities, the policy aims to develop a total of 1million sq. ft. working space would be created across the State.
The policy defines a start-up as an entity incorporated or registered in Haryana not prior to five years with an annual turnover not exceeding Rs. 25 crores. The state government will be introducing a bunch of incentives and benefits for the start-ups under the new policy as per the draft policy available on http://www.haryana.gov.in/citizens/policies/Haryana%20state%20policy-2.pdf.
These would include financial incentives, fiscal support, incubation centres and regulatory initiatives. “The state government would create a corpus of of Rs. 200 crores to be utilised at two levels firstly for incubating the ideas and secondly financial support through venture capital funds for scalability,” reads the document.
In an attempt to optimise regulatory framework for enabling ease of doing business, the state government will reduce the regulatory compliances for the start-ups registered with the state government.
All the eligible start-ups will be exempted from inspections by government regulatory agencies for a period of five years accept for the case where there is threat to life and safety. A committee shall be constituted under the chairmanship of IT secretary to monitor the implementation of the policy.
TOI had earlier reported that giving a major push to the start-up industry, state government will be launching a start-up policy in September.