The HP CM Startup Scheme aims to turn the educated youth from job seekers to job creators. This scheme will give support to the “Startup” and Innovation Projects in the state and will provide skills to the youth and potential investors to develop entrepreneurship.
The scheme also makes provision for the creation of incubation Centers in the host institutions in the State in order to build capacities, develop networking, establish the necessary infrastructure, and generate awareness.
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Aims and Objectives
1. Self-employment/ employment generation and income generation.
1. To promote new ideas/ products and processes suitable for commercialization through startups.
1. Set up Incubators/Incubation Centers in the state.
1. Handhold new enterprises and entrepreneurs.
1. Help entrepreneurs gain knowledge, expertise and avail assistance as provided under various schemes being implemented by State/Central Govt./Other institutions.
1. Facilitate and promote innovation
1. Facilitate startups and Innovation Projects
1. To facilitate creation of incubation space
1. Facilitate adequate investment to startups
1. Facilitate venture capital funding
1. Promote Human Capital
1. To promote Industrial development in the State.
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Key focus areas of the Scheme for Innovation Projects
1. Technology driven Innovation in any sector
1. b Rural infrastructure and facilities, crafts, arts, water and sanitation, renewable energy, healthcare, etc.
1. Cleantech
1. Agriculture, Horticulture and the related areas
1. Food Processing
1. Retail
1. Tourism and Hospitality
1. Mobile, IT and ITes including hardware
1. Biotechnology
Eligibility Criteria
Definitions
- Startup/New Industries means any entity, Proprietor, Limited Company, registered partnership firm under Indian Partnership Act 1932, or Limited Liability Partnership, proposing to set up an enterprise in a micro or small scale category in the services sector relating to the focus areas.
- Innovation Project: Innovation is the process of introducing new or making changes with updated technology, large and small radical and incremental, to products, processes, and services that result in the introduction of some new and innovative products.
- Incubator: An incubator is any organization designed to accelerate the growth and success of entrepreneurial ventures i.e. startups, through an array of business support resources and services like physical space, capital, coaching and mentoring, common services, and providing networking connections.
- Host Institutes: Host Institutes (HIs) are reputed technology, management, and R & D institutes of the state and other institutions and organizations focused on entrepreneurial development and promotion to set up Incubators to galvanize the startup ecosystems in the State
Eligibility
- All Startups/ new industries/Innovation Projects as defined in above points 1, 2, 3, and 4 of the scheme would be eligible for availing applicable incentives for components covered under this scheme. The same incentives cannot be availed on the same component under State and Central Scheme.
📝 Application Process Steps:
Steps to process
📎 Scheme Documents Required
No documents available for this scheme.
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