IIT Kanpur, SIDBI, and SIIC Forge 25-Year Strategic Plan to Elevate UP as Startup Hub

The government of Uttar Pradesh, in collaboration with the SIDBI and the Startup Incubation and Innovation Centre at IIT Kanpur, has initiated a strategy aimed at developing the state into a premier center for startups in India over the forthcoming quarter-century. Get details here 

IIT Kanpur: The Government of Uttar Pradesh (GoUP), in collaboration with the Small Industries Development Bank of India (SIDBI), the Startup Incubation and Innovation Centre (SIIC) at IIT Kanpur, and StartinUP, has revealed an ambitious plan to elevate Uttar Pradesh into a prominent startup hub within India over the next 25 years. 

This initiative was announced during an event titled "Amrit Kaal for Uttar Pradesh Startups - Roadmap for Next 25 years," which facilitated face-to-face interactions between key fund managers, startups, and GoUP officials. The aim of the event was to foster the startup culture and bolster the ecosystem in Uttar Pradesh through venture capital funding.

The SIDBI and UP government have collaborated in the establishment of over 60 incubators and centres of excellence in the past two years. They also provided financial support and infrastructure development to support the growth of the ecosystem.

Ankush Sharma, professor in-charge, Start-up Incubation and Innovation Centre, IIT Kanpur, and Nikhil Agarwal, CEO, AIIDE CoE, IIT Kanpur, outlined strategies for capitalising on the current momentum in the state's startup ecosystem.

Startup founders and venture capitalists, including Lal10, Getwork, University Living, SVAS Fund, IAN Fund, Alkemi, Blume Venture, and Chiratae Venture, discussed Uttar Pradesh's potential as a startup hub in comparison with Karnataka and Maharashtra. They shared insights and suggestions for enhancing the startup ecosystem and mobilizing venture capital funds in the state. 

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