The Uttar Pradesh government has tied up with the Indian Institute Of Management, Lucknow to promote start-ups and groom entrepreneurial skills among rural youth.
The state, in collaboration with IIM-Lucknow, will set up an incubation centre to provide seed capital and nurture fresh business ideas among rural youth.
The state has a vibrant start-up ecosystem with Noida, Ghaziabad and Lucknow accounting for a dominant share of ventures. Prominent UP-based unicorns include Paytm and Pine Labs.
The Yogi Adityanath government has amended the start-up policy to expand incentives to enrich the doing business Climate for new business ideas.
At the same time, the government has increased the targeted number of start-up Centres of Excellence (CoEs) from three to eight. Currently, UP is Home to about 52 government-recognised incubators with more than 7,200 start-ups registered with the Department for Promotion of and Internal Trade (DPIIP).
To further boost start-up infra, the state has formed an angel fund with the target of setting up 10,000 start-ups. The government has been allocating huge funds to strengthen the start-up support mechanism and promote self-EMPLOYMENT among the youth.