The Government of Jammu and Kashmir shall provide co-working space with uninterruptible high-speed Internet to the selected recognised Start-ups at a subsidized price through JKEDI at its campuses in Pampore and Bari-Brahmana and at all the 22 district centres.

An Entity shall be considered as a ‘Start-up’ under this policy, if it fulfils all of the following:

• It is incorporated/registered within the period of last 7 years;
• Its turnover for any of the financial year since incorporation/ registration has not exceeded Rs. 25 Crore;
• The entity is not formed by splitting up or reconstruction of an existing business;
• It is not incorporated/ registered as a subsidiary of an existing Indian or foreign company; and
• It is working towards innovation, development or improvement of products/processes/services Or if it is a scalable business model with a high potential of employment generation or wealth creation; and
• It is incorporated / registered in Jammu and Kashmir
• Or employees atleast 50 percent of its permanent workforce from Jammu and Kashmir.

Monthly Allowance of Rs. 10,000 (for a period of one year) shall be paid to the Start-ups subject to the approval of Start-up Task Force and if it fulfils any of the following conditions:

• Has total equity financing of at least Rs. 5 lakhs from a Venture Capital Firm or a recognised Angel investor; or
• Has sanction letter of funding / grant from Government of India or any State Government; or
• The Start-up is physically incubated in a recognised incubator of the State for a period of 3 months;

In case of the Start-ups falling under following categories the monthly allowance shall be Rs.12000 :-

• If the Start-up is from any of the focus sectors;
• If it is founded by SC/ST/Women/ Specially Abled (with more than 40% disability);
• If at least 25% of the shareholding is held by SC/ST/women/physically challenged;
• If the SC/ST/Women / Specially Abled (with more than 40% disability)are the single largest shareholder in the Start-up.

An Entity shall be considered as a ‘Start-up’ under this policy, if it fulfils all of the following:

• It is incorporated/registered within the period of last 7 years;
• Its turnover for any of the financial year since incorporation/ registration has not exceeded Rs. 25 Crore;
• The entity is not formed by splitting up or reconstruction of an existing business;
• It is not incorporated/ registered as a subsidiary of an existing Indian or foreign company; and
• It is working towards innovation, development or improvement of products/processes/services Or if it is a scalable business model with a high potential of employment generation or wealth creation; and
• It is incorporated / registered in Jammu and Kashmir
• Or employees atleast 50 percent of its permanent workforce from Jammu and Kashmir.

A one-time assistance upto Rs. 10 lakhs may be given to a recognized Start-up for Product Research &Development or introduction of an innovative product or service in the market which shall be subject to the approval of Start-up Task Force and fulfilment of any of the following conditions:

• Startup has got total equity financing of at least Rs. 10 lakhs from a Venture Capital Firms or recognised Angel investor; or
• Sanction Letter of funding / grant to the entity by Government of India or any State Government of at least Rs. 5 lakhs; or
• The Startup is physically incubated in a recognised incubator of the State for a period of 3 months at least; or
• The Startup has either published or has been granted a domestic or international patent.
• The Start-up has already been granted a monthly allowance under the Start-up framework.

In case of the Start-ups falling under following categories the assistance for R&D/marketing/publicity shall be upto Rs. 12 lakh:-

• If the Start-up is from any of the focus sectors;
• If it is founded by SC/ST/Women / Specially Abled (with more than 40% disability);
• If at least 25% of the shareholding is held by SC/ST/women/physically challenged;
• If the SC/ST/Women / Specially Abled (with more than 40% disability) are the single largest shareholder in the Start-up.

An Entity shall be considered as a ‘Start-up’ under this policy, if it fulfils all of the following:

• It is incorporated/registered within the period of last 7 years;
• Its turnover for any of the financial year since incorporation/ registration has not exceeded Rs. 25 Crore;
• The entity is not formed by splitting up or reconstruction of an existing business;
• It is not incorporated/ registered as a subsidiary of an existing Indian or foreign company; and
• It is working towards innovation, development or improvement of products/processes/services Or if it is a scalable business model with a high potential of employment generation or wealth creation; and
• It is incorporated / registered in Jammu and Kashmir Or employees atleast 50 percent of its permanent workforce from Jammu and Kashmir.

To ensure uninterruptible power supply to Start-ups, 100% subsidy on purchase & installation of Diesel Generator Set or Solar/Wind Generator or Hybrid Solar Wind System shall be available to recognised Start-ups, subject to the terms and conditions of Jammu & Kashmir State Industrial Policy - 2016 and Procedural Guidelines to the Industrial Policy 2016-26. Energy charges from Power Department would be the same as it is for the Industrial Units.

An Entity shall be considered as a ‘Start-up’ under this policy, if it fulfils all of the following:

• It is incorporated/registered within the period of last 7 years;
• Its turnover for any of the financial year since incorporation/ registration has not exceeded Rs. 25 Crore;
• The entity is not formed by splitting up or reconstruction of an existing business;
• It is not incorporated/ registered as a subsidiary of an existing Indian or foreign company; and
• It is working towards innovation, development or improvement of products/processes/services Or if it is a scalable business model with a high potential of employment generation or wealth creation; and
• It is incorporated / registered in Jammu and Kashmir Or employees atleast 50 percent of its permanent workforce from Jammu and Kashmir.

Subject to the approval of Start-up Task Force, cost incurred by recognized Start-ups for filing foreign patents on a single subject matter and patent prosecution shall be reimbursed upto 50% of the actual cost or upto Rs. 5 lakhs whichever is less.

The reimbursement of the eligible cost on foreign-patent shall be done in 2 stages, i.e. 50% after the patent is published and the balance 50% after the patent is granted

An Entity shall be considered as a ‘Start-up’ under this policy, if it fulfils all of the following:

• It is incorporated/registered within the period of last 7 years;
• Its turnover for any of the financial year since incorporation/ registration has not exceeded Rs. 25 Crore;
• The entity is not formed by splitting up or reconstruction of an existing business;
• It is not incorporated/ registered as a subsidiary of an existing Indian or foreign company; and
• It is working towards innovation, development or improvement of products/processes/services Or if it is a scalable business model with a high potential of employment generation or wealth creation; and
• It is incorporated / registered in Jammu and Kashmir Or employees atleast 50 percent of its permanent workforce from Jammu and Kashmir

Tax Benefits and Exemptions as defined in the Industrial Policy 2016 shall also be applicable to the recognized Start-ups in the State. Any amendments/ changes made from time to time made to Industrial policy shall also be applicable to the recognized start-ups.

An Entity shall be considered as a ‘Start-up’ under this policy, if it fulfils all of the following:

• It is incorporated/registered within the period of last 7 years;
• Its turnover for any of the financial year since incorporation/ registration has not exceeded Rs. 25 Crore;
• The entity is not formed by splitting up or reconstruction of an existing business;
• It is not incorporated/ registered as a subsidiary of an existing Indian or foreign company; and
• It is working towards innovation, development or improvement of products/processes/services Or if it is a scalable business model with a high potential of employment generation or wealth creation; and
• It is incorporated / registered in Jammu and Kashmir Or employees atleast 50 percent of its permanent workforce from Jammu and Kashmir

All State Government Departments/Agencies/Public Sector Undertakings shall be authorized to relax norms in public procurements, subject to fulfilment of quality and technical specifications. All recognised Start-ups shall be given exemption from the prior experience criteria and prior turnover criteria in all public procurement.

The Start-ups shall be required to pay 50% of the amount of Earnest Money Deposit or Bid Security prescribed by the tendering authority or Rs 5000 whichever is lower. Tender documents shall also be supplied to the Start-ups @50% of the price or at Rs 500 whichever is lower.

An Entity shall be considered as a ‘Start-up’ under this policy, if it fulfils all of the following:

• It is incorporated/registered within the period of last 7 years;
• Its turnover for any of the financial year since incorporation/ registration has not exceeded Rs. 25 Crore;
• The entity is not formed by splitting up or reconstruction of an existing business;
• It is not incorporated/ registered as a subsidiary of an existing Indian or foreign company; and
• It is working towards innovation, development or improvement of products/processes/services Or if it is a scalable business model with a high potential of employment generation or wealth creation; and
• It is incorporated / registered in Jammu and Kashmir Or employees atleast 50 percent of its permanent workforce from Jammu and Kashmir

The State Government would endeavour to initiate process of Self Certification for Start-ups and Micro & Small Enterprises under different Labour Laws applicable in the State.

An Entity shall be considered as a ‘Start-up’ under this policy, if it fulfils all of the following:

• It is incorporated/registered within the period of last 7 years;
• Its turnover for any of the financial year since incorporation/ registration has not exceeded Rs. 25 Crore;
• The entity is not formed by splitting up or reconstruction of an existing business;
• It is not incorporated/ registered as a subsidiary of an existing Indian or foreign company; and
• It is working towards innovation, development or improvement of products/processes/services Or if it is a scalable business model with a high potential of employment generation or wealth creation; and
• It is incorporated / registered in Jammu and Kashmir Or employees atleast 50 percent of its permanent workforce from Jammu and Kashmir