Uttar Pradesh Startup Policy 2020

Key Policy Objectives

GO BACK

  • Secure a position in top 3 states in the “States’ Startup Ranking” conducted by, GoI
  • Establish/support 100 incubators, minimum one in each district of the State
  • Develop minimum one million square feet of incubation/acceleration space for startups
  • Establish 3 state of the art Center of Excellence (CoEs)

Key policy highlights

  • Capital grant @upto 50 percent reimbursement of the eligible amount subject to maximum limit of INR One (1) Crore for incubators
  • Financial support to cover operational expenditure @ upto INR 30 Lakhs per year for 5 years or until self-sustainable whichever is earlier for the incubators
  • State level annual incubator rankings shall be introduced as per the KPI framework approved by the PMIC. Top3 performers in the ranking will be awarded amount of INR 3 Lakhs, 2 Lakhs and 1 Lakh per year to the winner, first runner up and the second runner up respectively
  • Grant-in-aid (covering capital and operational expenditure)@ upto INR 10 crores to CoE during span of 5 years from the date of establishment.
  • Incentives for Start-Ups:
    • Sustenance allowance @ INR 15,000 per month per startup for a period of one-year upto 10 startups per incubator per year at the idea stage.
    • Seed capital @ upto INR 5 Lakhs per startup as marketing assistance upto 10 startups per incubator per year to launch the Minimum Viable Product (MVP) in the market
  • Patent Filling reimbursement @INR 2 Lakhs for Indian patents and INR 10 Lakhs for International Patent

Download Policy Document (English Language)