The Delhi government has announced a new initiative to support 15,000 startups by 2030. The initiative is part of the government’s broader goal of making Delhi a global startup hub.
Under the initiative, the government will provide startups with a range of support services, including:
- Financial assistance: The government will provide startups with financial assistance in the form of loans, grants, and equity investments.
- Mentorship and guidance: The government will provide startups with access to mentors and advisors who can help them navigate the startup ecosystem.
- Infrastructure support: The government will provide startups with access to co-working spaces, incubators, and other infrastructure facilities.
- Market access: The government will help startups to access new markets and customers.
The government has also set up a dedicated startup cell to oversee the implementation of the initiative. The startup cell will be responsible for identifying and onboarding startups, providing them with support services, and tracking their progress.
The initiative is expected to boost the startup ecosystem in Delhi and create thousands of new jobs. It is also expected to attract foreign investment and make Delhi a more attractive destination for startups.
Here are some of the specific ways in which the Delhi government is supporting startups:
- The Delhi government has launched a startup fund called the Delhi Startup Fund (DSF). The DSF provides startups with access to capital in the form of equity investments. The DSF has a corpus of ₹100 crore and has invested in over 50 startups to date.
- The Delhi government has also launched a startup accelerator program called the Delhi Startup Accelerator Program (DSAP). The DSAP provides startups with intensive mentorship and guidance from experienced entrepreneurs and investors. The DSAP also provides startups with access to co-working spaces and other infrastructure facilities.
- The Delhi government has also launched a startup portal called the Delhi Startup Portal (DSP). The DSP is a one-stop shop for startups to access information about government schemes and support programs. The DSP also provides startups with access to mentors, investors, and other resources.
The Delhi government’s support for startups has been welcomed by the startup community. Startups have said that the government’s support is helping them to grow and succeed.
Here are some of the benefits of the Delhi government’s support for startups:
- Startups can access capital at a lower cost. The Delhi Startup Fund provides startups with equity investments at a lower cost than traditional venture capital firms. This makes it easier for startups to raise capital and grow their businesses.
- Startups can get mentorship and guidance from experienced entrepreneurs and investors. The Delhi Startup Accelerator Program provides startups with access to mentorship and guidance from experienced entrepreneurs and investors. This can help startups to avoid mistakes and make better decisions.
- Startups can access co-working spaces and other infrastructure facilities. The Delhi government provides startups with access to co-working spaces and other infrastructure facilities at a subsidized rate. This can help startups to save money and focus on growing their businesses.
- Startups can reach new markets and customers. The Delhi government helps startups to reach new markets and customers through its various programs and initiatives. This can help startups to grow their businesses and increase their revenue.
Overall, the Delhi government’s support for startups is a positive development for the startup ecosystem in Delhi. The government’s support is helping startups to grow and succeed, which is creating jobs and attracting foreign investment.
