Crescent Kashmir

Startup policy

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In order to give the youth of Jammu and Kashmir an opportunity to stand on their own, the J & K administration has started a new startup policy.

Recently Union Minister also pointed out that J&K’s startup policy focuses on encouraging women-led startups by offering unique incentives, establishing a complete complaint-handling system for startups, and creating entrepreneurial knowledge cells at higher education institutions to foster the entrepreneurial spirit and assist student entrepreneurs and these steps can help boost the startup movement and increase the number of startups in the UT.

India has emerged as one of the fastest-growing innovation ecosystems over the last decade. While most of the countries seem to follow an obvious innovation trend that is proportional to the development levels, India seems to have evolved as an exception,” he added. “India has climbed to the 40th rank in the global innovation index from the 81st position. This is a huge leap of 41 places in 7 years.

He emphasised that science and technology-based entrepreneurship is taking on a bigger role in India’s innovation landscape as a result of the country’s increased emphasis on startup policies, the growth of its innovation ecosystem, and the rising willingness among scientists and engineers to explore this route.

Emphasising on the need to connect startups with the industry right from the beginning and making them sustainable to talk about the need for an integrated approach and theme-based projects so inspired youth can take the country to the zenith in the next 25 years.

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