MoU Signed to Boost Jammu & Kashmir's Startup Ecosystem
ECONOMY & POLICY

MoU Signed to Boost Jammu & Kashmir's Startup Ecosystem

The Department for Promotion of Industry and Internal Trade (DPIIT) and the Jammu & Kashmir Entrepreneurship Development Institute (JKEDI) have signed a Memorandum of Understanding (MoU) to enhance collaboration and support for startups in the region.

The MoU was signed during the "Jammu Kashmir Konnect," a special program aimed at fostering innovation and growth among startups, incubators, and other stakeholders. The event, held at JKEDI's Baribrahamna campus, provided a platform for discussing challenges, opportunities, and future strategies for strengthening the startup ecosystem in Jammu & Kashmir (J&K).

The partnership between DPIIT and JKEDI focuses on providing greater access to the Startup India ecosystem, offering mentorship, knowledge exchange, infrastructure support, and expanding market and funding networks. The collaboration aims to support J&K's entrepreneurs in scaling their businesses locally and internationally, contributing to India's vision of becoming a developed nation by 2047.

As part of the event, one-on-one interactions were held between DPIIT and JKEDI directors with incubators, who discussed their needs and the challenges they face. The session also allowed incubators to share insights and seek policy support to strengthen the startup ecosystem in the region.

A key highlight of the event was the progress of the JK Startup Policy, launched in March 2024, which has already seen the registration of over 250 startups, bringing the total to nearly 988 on the DPIIT portal. The policy's outreach has been substantial, with 601 Entrepreneurship Awareness Programs (EAPs) conducted across universities, colleges, IITs, and schools in 20 districts of J&K—without incurring any costs.

The MoU signing marks a significant milestone for J&K's startup ecosystem, offering entrepreneurs access to the resources and support needed to succeed. The event saw the participation of key leaders from IIT-Jammu, IIM-Jammu, Jammu University, and other regional institutes, with several others joining virtually from institutions like NIT-Srinagar and SKUAST-Kashmir.

This collaboration is expected to foster a thriving, dynamic startup ecosystem in Jammu & Kashmir, providing crucial infrastructure, funding, and mentorship for the region's aspiring entrepreneurs.

The Department for Promotion of Industry and Internal Trade (DPIIT) and the Jammu & Kashmir Entrepreneurship Development Institute (JKEDI) have signed a Memorandum of Understanding (MoU) to enhance collaboration and support for startups in the region. The MoU was signed during the Jammu Kashmir Konnect, a special program aimed at fostering innovation and growth among startups, incubators, and other stakeholders. The event, held at JKEDI's Baribrahamna campus, provided a platform for discussing challenges, opportunities, and future strategies for strengthening the startup ecosystem in Jammu & Kashmir (J&K). The partnership between DPIIT and JKEDI focuses on providing greater access to the Startup India ecosystem, offering mentorship, knowledge exchange, infrastructure support, and expanding market and funding networks. The collaboration aims to support J&K's entrepreneurs in scaling their businesses locally and internationally, contributing to India's vision of becoming a developed nation by 2047. As part of the event, one-on-one interactions were held between DPIIT and JKEDI directors with incubators, who discussed their needs and the challenges they face. The session also allowed incubators to share insights and seek policy support to strengthen the startup ecosystem in the region. A key highlight of the event was the progress of the JK Startup Policy, launched in March 2024, which has already seen the registration of over 250 startups, bringing the total to nearly 988 on the DPIIT portal. The policy's outreach has been substantial, with 601 Entrepreneurship Awareness Programs (EAPs) conducted across universities, colleges, IITs, and schools in 20 districts of J&K—without incurring any costs. The MoU signing marks a significant milestone for J&K's startup ecosystem, offering entrepreneurs access to the resources and support needed to succeed. The event saw the participation of key leaders from IIT-Jammu, IIM-Jammu, Jammu University, and other regional institutes, with several others joining virtually from institutions like NIT-Srinagar and SKUAST-Kashmir. This collaboration is expected to foster a thriving, dynamic startup ecosystem in Jammu & Kashmir, providing crucial infrastructure, funding, and mentorship for the region's aspiring entrepreneurs.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement