Chief Minister’s Startup/innovation Projects/new Industries

Scheme Category

Banking,Financial Services and Insurance,Skills & Employment,Education & Learning,Financial regulation,Loan,Personal finance,Banking and money

Target Beneficiaries

Individual,Industries

Brief Description

The HP CM Startup Scheme aims to turn the educated youth from job seekers to job creators. This scheme will give support to the “Startup” and Innovation Projects in the state and will provide skills to the youth and potential investors to develop entrepreneurship.

Benefit Type

Cash

Eligibility Criteria

Definitions 1. Startup/New Industries means any entity, Proprietor, Limited Company, registered partnership firm under Indian Partnership Act 1932, or Limited Liability Partnership, proposing to set up an enterprise in a micro or small scale category in the services sector relating to the focus areas. 1. Innovation Project: Innovation is the process of introducing new or making changes with updated technology, large and small radical and incremental, to products, processes, and services that result in the introduction of some new and innovative products. 1. Incubator: An incubator is any organization designed to accelerate the growth and success of entrepreneurial ventures i.e. startups, through an array of business support resources and services like physical space, capital, coaching and mentoring, common services, and providing networking connections. 1. Host Institutes: Host Institutes (HIs) are reputed technology, management, and R & D institutes of the state and other institutions and organizations focused on entrepreneurial development and promotion to set up Incubators to galvanize the startup ecosystems in the State <br> Eligibility - All Startups/ new industries/Innovation Projects as defined in above points 1, 2, 3, and 4 of the scheme would be eligible for availing applicable incentives for components covered under this scheme. The same incentives cannot be availed on the same component under State and Central Scheme.

Application Mode

Online

Required Documents

• All the innovation enterprises would be required to submit only self-certified documents online or manually and the concerned department would issue provisional registration within 15 days from the submission of documents.