UP Is All Set To Welcome Entrepreneurship

Nandini Mukherjee, Managing EditorUttar Pradesh, the fourth largest state of India, realizing the true potential of startups has treaded towards building a robust startup ecosystem in the state. With favorable government policies coupled with availability of large pool of human resource, the state is being one of the best locations for setting up new businesses. Uttar Pradesh has developed several schemes for the development of Small Scale Industries such as Transport Assistance Scheme, Technology Up-Gradation Scheme, and Single Table System for providing prompt and quick solutions to the entrepreneurs in the state. Considering the changing business scenario, technology evolution and changing of
gear by the budding startups in UP, the state has also realized to run in-parallel with these fast moving entrepreneurs and youth

Besides encouraging and promoting private participation in industrial and social development, the state offers enormous possibilities for progress and growth along with readily available labor assets and investor friendly policy. To boost entrepreneurship in UP, the Government has planned to setup India's largest incubation center at the outskirts of UP's capital city Lucknow.

Lucknow is seeing a new growth in sectors such as health care, infrastructure, and real estate. It has also experienced rapid urbanisation and industrialisation, with many steel and manufacturing industries opening up. Of late, Lucknow has been witnessing a steady scaling up of startup ecosystems in the private sector. The startup infrastructure and support system is growing faster which according to a research report is home to over 400 startups and counting. The UP startup ecosystem is proliferating in all dimensions viz. start-up funding, incubation, handholding, co-working space, knowledge sharing. With so many developments and endeavors towards startups to promote entrepreneurship and generate employment for youth, the start-up scene in UP shows a promising growth.

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