To provide financial support to young and upcoming entrepreneurs, give sustainable infrastructure to scale businesses and access to investors Delhi government would be coming out with a comprehensive policy for startups.

Delhi government has finalised the startup policy, which will soon be tabled before the cabinet after consulting all stakeholders, including angel investors, entrepreneurs, industry bodies, experts and top bureaucrats.

A senior Delhi government official said the new startup policy was prepared by DDC and likely to be notified within two months. “We have become the startup capital and the next milestone to achieve is to reach the prestigious global hub. We hope to place the policy before the cabinet soon. After accommodating the views and suggestions of the council of ministers, it will be notified. Our target is to be among the top three global destinations for startups in the next 10 years,” added the official.

“Those who pass out from top universities have the network and connections. For others, accessing mentors on how to scale up their businesses can be a challenge. We have consulted people who can help such businesses,” said the official.
“We will promote these businesses through government procurement. Without diluting the quality requirements, we will offer these startups the opportunity to sell their products to us,” added the official.

To upskill themselves to set up businesses, the new policy would also give an educational push to university students. Officials said a survey done in Delhi-based technical institutes and universities revealed that only 5 per cent of students were keen on taking a plunge in the startup bandwagon.