Assam to lead the North-Eastern Startup hub,frames draft policy

Assam to lead the North-Eastern Startup hub,frames draft policy

Posted by P. Charitha on July 22nd 2017

In a bid to facilitate the ecosystem for start-ups in the state, the Assam government recently announced collaboration with Invest India which is a part of the Start-up India initiative under the Dept. of Commerce & Industry. As part of this Invest India will also be assisting the Assam Government in drafting the state’s first Start-up Policy. The policy includes several steps such as incentives, subsidies and single window clearance. The Government aims to transform Assam into a start-up hub for the north-eastern part of the country. Experts view the policy as a good step to help the region generate employment as well as to contribute to the overall economy. 

Key Highlights of the Assam Draft Policy 17

Creating a Start-up portal- Start-up Assam Portal
The portal will contain information about the policy, how to apply for and avail the various benefits, have access to a facility booking system, which will enable them to book and utilize assorted government infrastructure. 
Recognition of Assamese start-ups with a unique ID (MASI - My Start-up Assam Id)
Through the Start-up Assam Portal, start-ups will be issued a My Assam Start-up ID (MASI). Every start-up possessing a MASI will be duly recognized under the Start-up Assam initiative and have access to the state-wide infrastructure network and benefits under the Start-up policy.
Establishing a state-owned incubator 
The Policy outlines the inception of a state-owned incubator which is to be setup in Ambari, Guwahati. This incubator will provide state of the art facilities such as co-working space, meeting rooms, collaborative hubs, fab labs, investor lounge etc. This incubator will also be home to the Start-up Assam Cell, which will act as the policy implementation unit for all the start-up related policies in the state. 
Framing various fiscal incentives and benefits for registered Start-ups 
The policy discusses the roadmap to provide funding options to registered start-ups which includes setting up of an Assam angel network, loan schemes with interest subsidy, among other reimbursement and subsidy incentives. Registered start-ups will also receive incentives for filing patents and other non-fiscal incentives as part of the Start-up India mandate.
Giving major emphasis on human capital & skill development. 
The policy also emphasises on proactive academic intervention by creating the right environment for learning, experimentation and innovation from the early phases of education.  This includes modifying and updating school/university curriculum, incentivising and promoting entrepreneurship development cells, setting up of various learning and development programmes through MOOCs and encouraging student entrepreneurs through various incentives. Launching an online learning and development program in Assamese
Encourage Start-up Culture 
In addition to this, the Government has also agreed to organise various start-up centric events to build start-up culture among various stakeholders and providing a platform for innovators to showcase their ideas. 
The effort is being led by Shri Ravi Capoor, Additional Chief Secretary to the Government of Assam, Industries and Commerce Department and Shri K.K Dwivedi, Commissioner of Industries and Commerce, Government of Assam. For the  ASSAM STARTUP POLICY DRAFT 2017


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