The draft start-up policy by the state government mentions a two-acre CIE, which will be built for the purpose of reinforcing the state’s start-up ecosystem. The project will be developed in private public partnership (PPP) model, wherein the state government will associate with academic institutions and industry leaders.
Senior officials within the state department told that the policy will largely follow its draft, barring a few minor changes. “The policy will follow the draft which was released earlier, but we’ll consider suggestions submitted to the government,” said Vijyander Kumar, secretary, electronics and IT department and MD, HARTRON (Haryana State Electronics Development Corporation Limited).
He also confirmed that the Centre will be established in the city. By now, the state government has received feedback on the policy, the draft of which was put in the public domain for stakeholders to access a couple of month’s back. Other than the CIE, the draft also mentions a start-up warehouse and a mobile application development centre in Gurgaon.
Both facilities have already been launched in the last year, though the start-up warehouse is yet to start functioning full-scale. Besides the facilities, the policy aims to develop a total of 1 million sqft of work space across Haryana. The policy defines a start-up as an entity incorporated or registered in Haryana, not prior to five years, with an annual turnover not exceeding Rs 25 crore. As per the draft policy, which is available on www.haryana.gov.in, the state government will be introducing a bunch of incentives and benefits for these start-ups.
These would include financial incentives, fiscal support, incubation centres and regulatory initiatives. “The state government would create a corpus of Rs 200 crore, to be utilised at two levels — firstly to incubate ideas and secondly to support them financially through venture capital funds for scalability,” reads the document.
In an attempt to optimise regulatory framework for enabling ease of doing business, the state government will also reduce regulatory compliances for registered start-ups. For example, all eligible start-ups will be exempted from inspections by government regulatory agencies for a period of five years, except for cases where there is threat to life and safety. A committee shall be constituted under the chairmanship of the IT secretary, to monitor the implementation of the policy.