The Startup Policy 2020 is valid for five (5) years from the date of its notification, and it supersedes all the clauses pertaining to the startup section of previous policies i.e. UP IT & Startup Policy 2016 and UP IT & Startup Policy 2017-2022.
To be among the Top 3 States in the “States’ Startup Ranking” conducted by Startup India
Establish 100 Incubators, a minimum of one in each district of the State
Develop a minimum of One Million square feet of incubation/acceleration space for startups
Create the ecosystem for at least 10,000 startups in the State
Establish 8 state-of-the-art Center of Excellence (CoEs)
Establish India’s largest Incubator in Lucknow
Government Incentives for Startups
Sustenance allowance of INR 17,500 per month per startup for a period of one year
Prototype grant of up to INR 5 Lakhs is provided to startups to get their MVP ready.
Seed Capital/Marketing Assistance up to INR 7.5 Lakhs to launch MVP in the market.
Reimbursement of up to INR 2 Lakhs for Indian patents and INR 10 Lakhs for International Patents for filing the successful patent.
Reimbursement to startups for participation in events – upto INR 50,000 for national events and INR 1 Lakh for international events.
Startups having women/ Transgender/ Divyangjan cofounders with more than 26% equity shall be eligible to get additional 50% incentives on Sustenance Allowance and Seed Capital.
Additional 50% shall also be given to startups having registered offices/operations in Purvanchal /Bundelkhand regions or cofounders hailing from Economically Weaker Sections (EWS) or startups working in the following sectors – Rural impact, Circular Economy, Sustainability, Renewable Energy & climate change. Whether a startup is covered under the above-mentioned sectors will be decided by PIU based on the recommendation of EC.
Government Incentives for Incubators
Incubators are supported with Capital grant on setting up/scaling up technology infrastructure up to INR 1/1.25 crore if they are established in Purvanchal / Bundelkhand regions
Financial support to incubators up to INR 30 Lakhs per year to cover operational expenditure for 5 years or until self-sustainable whichever is earlier.
A matching grant of upto INR 1 Lakh per startup, maximum INR 10 Lakh per program shall be given to competent institutions, upto 5 program per institution per year to run acceleration program of minimum 12 weeks for supporting the startups. Maximum 100 such programs could be organized in a year under the policy.
Government Incentives for CoE’s
Government of Uttar Pradesh envisages creation of world class infrastructure in the form of Center of Excellence (CoE).Financial support is provided in the form of grant-in-aid up to INR 10 Crores to CoE during span of 5 years from the date of establishment.
CoE will house 100 most promising product based Startups from India and abroad in the domain of Emerging Technologies such as Quantum Computing, Artificial Intelligence & Machine Learning, Blockchain, Additive Manufacturing, AR/ VR, Drones, Robotics, 5G, SpaceTech, DefenseTech, Agri-tech, EduTech, HealthTech and other areas of social or national importance.