uttar pradesh start-up policy pradesh.pdf · uttar pradesh start -up policy introduction to...
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Uttar Pradesh Start-up Policy
Introduction to IN-FU-SE Model
Support for Incubators
Support for Funding
Support for Start-ups
Supporting People, Policy &
Infrastructure
Policy Implementation Unit
Introduction to IN-FU-SE Model
FU
SE
INIncubators
• Collaboration with Premier Host Institutions• Incentives include capex, opex &
honorarium to mentors
Fund of Funds
• Establishment of initial `100 Crore Corpus (scale up to `1000 Crore)
• Professionally managed Fund
Startup Entrepreneurs
• Financial assistance at Prototype Stage• Marketing assistance at Pilot stage
Support for Incubators
o Incentives and Facilitation
o Govt. supported Incubators
o Country’s biggest Incubator
FU
SE
IN
Facilitation for setting up of Incubators
IIT-BHU, IIT-Kanpur
KNIT Sultanpur
IIM-Lucknow (Noida)
UPDESCO-iB Hubs Lko
Capital Grant: `25 Lakhs
Opex: `5 Lakhs p.a. for 5 years
Mentors: Honorarium of `2 Lakhs each for 5 mentors
Incentives for Incubators
Incentives for setting up Incubators
Jhansi
Mathura
Incubators benefitted from UP Start-up Policy
Other Incubators
Bareilly
Noida
IT-UPVAN (Lko & Ghaziabad)
Government supported Incubators
*11+ startups
*Seating Capacity: 36
*Focus on ICT, Biotech, Agritech
* Noida is start-up hub of UP
*Seating Capacity: 30
*6 Start-ups
* Focus on Mobile & IT, IoT, e-commerce
* Centre at Lucknow
*Seating Capacity:60
*9 Start-ups
* Upcoming at Mathura & Noida
*200,000 sq ftIncubation space by 2022
* Seating Capacity:10
*6 Start-ups
* Focus on electronic design, e-commerce
*1st state run Incubator by UP Govt.
*Centres at Lucknow & Ghaziabad
*11 Start-ups
*Focus on IT/ITeS
*Seating capacity: 60
IIT-BHU IIM-Lko (Noida) iB Hubs Lko KNIT Sultanpur IT-UPVAN IIT-Kanpur
Central Government recognized Incubators in UP
Shiv Nadar University (G.
Noida)
Doon College,
Saharanpur
IIIT-Allahabad
Amity University
(Noida)
JSS Academy (Noida)
Dayalbagh Institute,
Agra
Krishna Institute
(Ghaziabad)
Kansi Ram Institute
(Ambedkarnaga)
Suyash Institute
(Gorakhpur)Incubators planned across all 75 districts
Biggest Incubator at Lucknow
10+ Central Govt recognized Incubators in UP
Country’s biggest in Uttar Pradesh
UP Start-up Fund
Fund of Funds
Fund Size
Investment Focus
Start-up Qualification
• Fund of Funds Model (~FFS of Start-up India)
• Investment in SEBI registered Investors
• `100 Crore Corpus• To be scaled to `1000 Crore
• Across sectors supported by technology
• Registered in Uttar Pradesh• All other same as Start-up
India (DIPP)
Professionally managed by Fund ManagerDue diligence and selection by committee
Access to funding by UP based Start-ups
Govt. support at early, seed and growth stages
MoU to be signed with SIDBI
Start-up Definition (for UP Start-up Policy)
Entity should be registered in Uttar Pradesh
Pvt Ltd Co, Registered Partnership Firm, LLP
Not older than 7 years from the date of incorporation /registration
Scalable business model with a high potential of employment generation or wealth creation
Not formed by splitting or reconstruction of existing business
7
NEW !
Same as Start-up India (DIPP)
*Amendments apply
Incentives to Start-ups under UP Start-up Policy
Sustenance Allowance of `15,000 per month for 1 year
Marketing / Commercialization Assistance of `10 Lakhs
Benefit from `100 Crore UP Start-up Corpus Fund. To be scaled to `1000 Crore, in future
Idea Stage
Pilot Stage
Growth Stage
`
``
Sustenance Allowance
Commercialization / Marketing Assistance
Start-up Corpus Fund
Supporting People, Policy and
Infrastructure
o Association with Mentors
o IT/ Research Parks
o IT & Electronics Policies
Association with Mentors
Mr. Ritesh Agarwal (Founder & CEO, OYO
Rooms)
Antony Thomas (Group CIO, GE Global)
Vikram Gupta (Founder & Managing Partner, IvYCap
Ventures)
Saurabh Srivastava (Chairman, India Operations, CA Technologies Inc. and Co-
Founder, Indian Angel Network)
Harsh Kaul (Former Chief General Manager & Country Head, SIDBI)
Srijan Pal Singh (Founder, Dr A.P.J. Abdul Kalam
Centre for Creating Livable Planet Earth, AKTU)
Kiran Hedge, (Founder, DOC&U Healthcare and
Iris Interactive Communications)
Pankaj Jain (Partner, 500 Startups )
Vaibhav Agarwal (Founder & CEO, Inc. 42)
Ashish Hemrajani (Founder & CEO, Bookmyshow)
Shradha Sharma (Founder & Chief Editor, Yourstory Media Pvt. )
Professor Raghunandan Rajamani (Executive Director, ISBA)
Professor Bharat Bhasker, IIM-Lucknow
Pranay Gupta (Co-Founder of 91Springboard)
Professor B.V. Phani, IIT-Kanpur
Sanjay Vijay Kumar(Chairman of Startup Village)
Naveen Tiwari(Founder & CEO, Inmobi)
Vijay Sharma(Founder & CEO, Paytm)
Supporting Infrastructure to propel start-up ecosystem
IT Parks Space earmarked for start-
ups in IT Parks Upcoming IT Parks at
Gorakhpur, Meerut, Agra, Lucknow , Kanpur etc
Largest Incubator State’s largest Incubator
planned
Probable location: Lucknow
Research / IT Park Research / IT Park planned
in Kanpur, in collaboration with IIT-K
Exclusive hub for entrepreneurs / start-ups
Other Policy Incentives supporting further growth
Various fiscal and non-fiscal incentives for IT/ITeS companies, like: exemption on stamp duty electricity duty interest subsidy EPF grant land rebate self-certifications for various acts etc
Various fiscal and non-fiscal incentives for electronics manufacturing companies, like: capital subsidy VAT reimbursement interest subsidy stamp duty exemption etc
UP IT Policy
UP Electronics Manuf. Policy
Policy Implementation Unit (PIU)
Dedicated Startup Cell – Policy Implementation Unit
Dedicated Startup Helpline -0522-2286808, 2286809, 2286812,
4120202
Dedicated Portal: http://itpolicyup.gov.in/
Nodal Agency (UPLC) at Lucknow
One Stop Solution
KPMG is PIUPartner for UP Start-up Policy
Simplification and
Handholding
Grievance Redressal
KPMG is the Policy Partner
Thank You !
Sanjiv Saran (IAS)Additional Chief Secretary
Department of IT & ElectronicsGovernment of Uttar Pradesh
How to avail Incentives ?
Decide which incentives to apply ?
Download Start-up Enrollment Form / LoRfrom itpolicyup.gov.in
Fill the documents, get them vetted by
Incubator
Submit documents online to
Documents get assessed by PIU
Incentives get transferred to Incubator and
thereafter to start-ups
PIU Support at every stepReach out to PIU for
special requests