• Incubators will be entitled for a grant of maximum Rs. 10 lakhs for meeting the recurring expenditure actually incurred as per the details mentioned below. This grant would be based on the performance of the incubator.

• Grants for supporting operational expenses in
  the incubator e.g. Salaries of Regional
  Coordinators, mentoring programs, networking meetings, conducting Hackathons, etc.  - Upto Rs. 2  Lakhs.
  
  
• Annual Financial support for projects for Training and Capacity Building for Faculty and students. - Upto Rs. 2 Lakhs.

• Exposure to Support and Network Programs
     conducted by the departments concerned. - Upto Rs. 1 Lakh.

• Opportunity to visit National/ International startup destinations. - Upto Rs. 2 Lakhs
  Internship Stipends - Upto Rs. 2 Lakhs
  Miscellaneous other expenses & Administrative +charges - Upto Rs. 1 Lakh.

• Startups/New Industries mean any entity, Proprietor, Limited Company, registered partnership firm under Indian Partnership Act 1932, or Limited Liability Partnership, proposing to set up an enterprise in micro or small scale category in services sector relating to the focus areas defined in para 5 of the scheme and in the manufacturing sector in the state after 31.3.2016.

• Innovation Project: Innovation is the process of introducing new or making changes with updated technology, large and small radical and incremental, to products, processes, and services that result in the introduction of some new and innovative products. 

• Startups/New Industries mean any entity, Proprietor, Limited Company, registered partnership firm under Indian Partnership Act 1932, or Limited Liability Partnership, proposing to set up an enterprise in micro or small scale category in services sector relating to the focus areas defined in para 5 of the scheme and in the manufacturing sector in the state after 31.3.2016.

• Innovation Project: Innovation is the process of introducing new or making changes with updated technology, large and small radical and incremental, to products, processes, and services that result in the introduction of some new and innovative products. 

Please get in touch with the Nodal Agency.

 It can be given to an innovative project that has secured funding of maximum 25% from a known and registered angel/venture funds/reputed incubator. The amount could be disbursed as purely/partly grants or soft loan/equity on a case-to-case basis as has been given by registered angel/venture funds/reputed incubator.

                                                     Or

It can be given as matching assistance to reputed incubators established by the HIs to the fund innovative project as part of accelerator programme as purely/partly grant or soft loan/equity on a case-to-case basis.

• Startup/New Industries mean any entity, Proprietor, Limited Company, registered partnership firm under Indian Partnership Act 1932, or Limited Liability Partnership, proposing to set up an enterprise in micro or small scale category in services sector relating to the focus areas defined in para 5 of the scheme and in the manufacturing sector in the state after 31.3.2016.

• Innovation Project: Innovation is the process of introducing new or making changes with updated technology, large and small radical and incremental, to products, processes, and services that result in the introduction of some new and innovative products. 

To support startups in the IT / ITeS and electronics domain in getting early business opportunities, a provision for mandatory outsourcing or giving part job work to the startups by the solution provider or the system integrator will be made. Accordingly, the startups will be entitled to early business support as per the following mechanism:

In e-Governance project undertaken by Government Departments or its Boards, Corporations or other bodies getting grants from the Government, the chosen solution provider or system integrator will pass on job work or will outsource part of the work of a value ranging between 5 to 10 per cent of the contract value to eligible startups and to students of shortlisted Technical Colleges in Himachal Pradesh. In such arrangements, the responsibility of meeting SLAs (Service Level Agreements) will continue to belong to the solution provider or the system integrator. The Government departments or its Boards, Corporations, other bodies getting funding support from Government of Himachal Pradesh, shall, while drafting tenders/RFPs/RFQs/EOI incorporate a clause to meet above obligations.

• Startups/New Industries mean any entity, Proprietor, Limited Company, registered partnership firm under Indian Partnership Act 1932, or Limited Liability Partnership, proposing to set up an enterprise in micro or small scale category in services sector relating to the focus areas defined in para 5 of the scheme and in the manufacturing sector in the state after 31.3.2016.

• Innovation Project: Innovation is the process of introducing new or making changes with updated technology, large and small radical and incremental, to products, processes, and services that result in the introduction of some new and innovative products. 

• All start-up/New Industry/Innovation Projects set up in State will be mapped by the Support Centre every year and success stories highlighted.

• Three successful entrepreneurs will be awarded each year with a citation case award of Rs. 1,00,000/-, Rs. 75,000/- and Rs. 50,000/- respectively and a publication on the success stories will be released every year. 

• Startups/New Industries mean any entity, Proprietor, Limited Company, registered partnership firm under Indian Partnership Act 1932, or Limited Liability Partnership, proposing to set up an enterprise in micro or small scale category in services sector relating to the focus areas defined in para 5 of the scheme and in the manufacturing sector in the state after 31.3.2016.

• Innovation Project: Innovation is the process of introducing new or making changes with updated technology, large and small radical and incremental, to products, processes, and services that result in the introduction of some new and innovative products. 

Startups shall be allowed to self-certify compliance with labour laws and environment laws and any other statutory/mandatory laws. No inspections by the officers of the Labour Deptt., H.P. Pollution Control Board, Drug Deptt., Food &Civil Supply Deptt. will be done for 3 years without permission of Head of the Department. Startups may be inspected only on receipt of complaint of violation, filed in writing and approved by at least one Senior level Officer to the inspecting Officer. The format developed by the Ministry of Labour & Employment, GOI for self-declaration are to be used by the start-ups during the first year under the following labour laws:-

• Industrial Disputes Act, 1947

• The Trade Unions Act, 1926

• The Building and other Constructions Worker(Regulation and Employment and Conditions of Service) Act 1996

• The Industrial Employment (Standing Orders)Act, 1946

• The Inter-State Migrant Workmen ( Regulation and employment and conditions of service) Act,1979

• The Payment of Gratuity Act,1972

• The Contract Labour (Regulation and Abolition) Act,1970

• The Employees Provident Funds and Miscellaneous Provisions Act,1952

• The Employees State Insurance Act, 1948

Start-ups falling in Green & Orange Category Industries to be established in notified Industrial Areas which do not require environment clearance shall be granted consent to establish on self-certification without any prior inspection. 

• Startups/New Industries mean any entity, Proprietor, Limited Company, registered partnership firm under Indian Partnership Act 1932, or Limited Liability Partnership, proposing to set up an enterprise in micro or small scale category in services sector relating to the focus areas defined in para 5 of the scheme and in the manufacturing sector in the state after 31.3.2016.

• Innovation Project: Innovation is the process of introducing new or making changes with updated technology, large and small radical and incremental, to products, processes, and services that result in the introduction of some new and innovative products.