Uttar Pradesh intends to integrate higher education with incubators

Uttar Pradesh intends to integrate higher education with incubators

Last Updated Jan - 31 - 2024, 07:09 PM | Source : BS | Visitors : 11

Uttar Pradesh plans to merge higher education with incubators to foster entrepreneurial ideas through angel finance.
Uttar Pradesh intends to integrate higher education with incubators

Uttar Pradesh intends to combine higher education with incubators to foster entrepreneurial ideas via angel finance.

With 63 incubators presently functioning, the government is trying to establish one at each higher education institution in 75 districts.

According to KPMG, Uttar Pradesh has emerged as the country's fourth-largest startup ecosystem, with eight unicorns and two prospective soonicorns. Currently, two soonicorns are working in the state: Class Plus and InShorts.

Of the almost 10,000 recognized startups in the state, half originate from tier II and III cities. More than 4,300 are managed by women entrepreneurs. UP is home to eight of India's 108 unicorns: Paytm, Paytm Mall, India Mart, Moglix, Pine Labs, Innovaccer, InfoEdge, and Physics Wallah.

The APJ Abdul Kalam Technical University, the state's central technical education institution, has around 500 colleges connected with it. The UP Startup Policy 2020 calls for the proposed incubators to be operational by March. 

These incubators will provide entrepreneurs with money, marketing assistance, and coaching. InMobi, India's first unicorn, intends to support the state's startup ecosystem through mentorship and skill-building collaborations.

UP has a progressive startup policy, which would give rich dividends to the state in agri-tech, edu-tech, digital marketing. Moreover, the state is catalysing micro, small, and medium enterprises (MSMEs) and leveraging its One District One Product scheme to nurture startups, InMobi Founder and Chief Executive Officer Naveen Tewari said.

“The MSMEs and startups have instilled a ray of hope to the rural areas by reducing regional imbalances, assuring equitable distribution of income and wealth,” MSME Export Promotion Council Chairman D S Rawat said.

The Yogi Adityanath government had earlier allocated Rs 1,000 crore to the UP Startup Fund.

 

The state is promoting startups in fields like artificial intelligence, drones, med-tech, blockchain, 5G, 6G, quantum computing, additive manufacturing, and space tech.

READ MORE| Dharmendra Pradhan, UNESCO, and NCERT Launch 'Embracing Progress' Comic for Teen Health

 

 

Share :

Trending this week

UPSC CSE 2023 Result Date: Announcement Expected Soon

Apr - 13

The Union Public Service Commission (UPSC) will next week declare the final result of the Civil Services Examinations (CSE) 2023. Candidates who ap... Read More

Government Considers Two Difficulty Levels for CBSE Class 12 Additional Language

Apr - 13

The government is considering the possibility of giving students two levels of difficulty for the additional language—basic and standard&mdas... Read More

UPSC IES, ISS 2024 Registration Opens: Find Details Inside

Apr - 13

The Union Public Service Commission (UPSC) has published the official UPSC IES and ISS 2024 application notification. According to the notice, qual... Read More