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HomeChandigarhChandigarh: City-specific startup policy on the cards

Chandigarh: City-specific startup policy on the cards

Dushyant Singh Pundir

Press Reporter News Service

Chandigarh, November 19

To encourage younger entrepreneurs, the UT Administration is mulling over a city-specific startup coverage.

At current, startups within the metropolis can register on the startup portal of the Central Authorities.

Maintaining in view the necessities of native budding entrepreneurs, the Administration was engaged on a brand new startup coverage to assist them arrange their very own ventures within the metropolis, mentioned a senior UT official, including that the Trade Division had already began deliberations with totally different stakeholders on this regard.

In the meantime, the Society for Promotion of IT in Chandigarh (SPIC), underneath the aegis of the Division of Data Expertise (IT), will quickly launch its much-awaited co-working area to advertise entrepreneurship and strengthen the startup ecosystem in Chandigarh. The state-of-the-art co-working area has been arrange within the entrepreneur improvement constructing with a capability of 68 seats at IT Park.

“The co-working area has been opened up for younger budding entrepreneurs who’ve a technology-based workable concept or progressive marketing strategy and are in search of a state-of-the-art working area to offer wings to their concepts,” mentioned Vinod P Kavle, Secretary, IT.

Two core challenges that startups or early stage corporations confronted have been — preliminary value of establishing their workplace and hiring finest expertise. The co-working area solved each these challenges as one obtained a luxurious workplace within the IT hub of town that enabled the startup to draw the very best expertise within the tricity, he mentioned.

Kavle mentioned, “That is the fitting step ahead in boosting and nurturing innovation and creativity. It’s going to additional assist in selling entrepreneurship amongst youth and can create extra job alternatives.”

Nitika Pawar, Director, IT, mentioned, “This co-working area may have all facilities that are being provided within the personal market. Will probably be more cost effective and can assist create a neighborhood of innovators.” The web portal of co-working would act as single window system for budding entrepreneurs, she added.

The concept of co-working area was conceived to create a platform for technology-based startups to establish and supply value-added providers required to assist a startup and strengthen the startup tradition within the metropolis and in addition to encourage and encourage youth to actively think about entrepreneurship as their profession selection. Co-working area will cater to college students and younger entrepreneurs who’ve a workable concept which wants hatching and in addition for startups which dont have a lot capital to put money into personal workplace.

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