Uttar Pradesh

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Uttar Pradesh

OVERVIEW

Policy Name	Uttar Pradesh Information Technology and Startup Policy 2016
Website	Start in UP
Policy Document	Download Here
PIU	Consultant – KPMG advisory services Pvt. Ltd.
Office Address	10, Ashok Marg, Sadullah Nagar, Narhi, Hazratganj, Lucknow, Uttar Pradesh 226001
Contact Details	Phone Number: +91-522-2286808/09 Email: info@itpolicyup.gov.in

Incentives

1 Sustenance Allowance

Type of Benefit	Fiscal
Benefit Details	Startups shall be provided sustenance allowance of INR 15,000 per month for a period of 1 year whose project is recommended by Nodal agency & approved by the committee
Eligibility Criteria	Any individual/group of individuals having innovative idea/Concept will be eligible whose project is recommended and approved by institution’s Screening Committee.

2 Marketing Allowance

Type of Benefit	Fiscal
Benefit Details	Marketing/publicity assistance of up to Rs. 10.00 lakhs will be provided for the introduction of innovated product in the market.
Eligibility Criteria	Startup should be registered in Uttar Pradesh Startup should have recieved funding for 25% of equity from a known and registered angel/venture funds or reputed incubators
Application Procedure	Assistance shall be provided to startups in 3 phases to launch its product /services in the market subject to the bi-annual review of the progress

3 Matching Grant

Type of Benefit	Fiscal
Benefit Details	The state government shall match 25% of the money invested by the VC
Eligibility Criteria	Subject to the condition that the funding shall be done only to the startups based in Uttar Pradesh Any individual/group of individuals having innovative idea/Concept will be eligible whose project is recommended and approved by institution’s Screening Committee

4 Incubation Incentives

Type of Benefit

Non-Fiscal

Benefit Details

Registered Incubator shall be responsible to support startups by providing:

Office space and shared administrative services
Services such as training or High-speed Internet access
Networking activities and Marketing assistance
Links to higher education resources

Eligibility Criteria

Startup should be registered in Uttar Pradesh

1 Infrastructure Assistance

Type of Benefit	Fiscal
Benefit Details	Host Institutes shall be provided capital grant of max 50% for IT infrastructure setup, subject to maximum of INR 25 lakhs
Eligibility Criteria	Universities/education institutions, Incubation Centre/PSUs/R&D Institutions/Private and other establishments will be eligible as an institution to support and mentor to innovators as approved by Committee.

2 Operational Allowance

Type of Benefit	Fiscal
Benefit Details	The selected incubators shall get the financial support up to the tune of 5 Lacs per year for 5 years covering the deficit of the operational expenditure of Incubators
Eligibility Criteria	New incubators run by the State Government/Semi-Government institutes/ agency/ organisations, along with existing incubators which are approved by DST/GOI

3 Mentoring Assistance

Type of Benefit	Fiscal
Benefit Details	selected Incubators shall be required to appoint minimum 2 mentors (each from Academia from reputed institute & prominent Industry person) to be paid on honorary basis up to INR 2 Lacs per Annum
Eligibility Criteria	New incubators run by the State Government/Semi-Government institutes/ agency/ organisations, along with existing incubators which are approved by DST/GOI

Quick Facts