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Delhi To Be Startup Hub
The government will encourage startups by setting up business and technology incubators in universities and colleges. As a pilot project, we will also create three million square feet of affordable business incubation space.
Project Updates

Six incubation centres in Delhi colleges are being set up in as per the Delhi government's policy to promote entrepreneurship . Funds are in the process of being released to these institutions.

Proof

New Delhi: 07/03/2016 Deputy CM distributes cheques of Rs 9 crore for incubation centres at educational institutions Delhi Deputy Chief Minister and Education Minister, Mr. Manish Sisodia on Monday launched the Incubation Policy and distributed seed money amounting to Rs. 1.5 crores each to six higher educational institutions for promoting entrepreneurship amongst youth of Delhi. The institutes include Ambedkar University, Delhi, Delhi Technical University, Indira Gandhi Delhi Technical University for Women, Institute of Information Technology, Delhi, Netaji Subhash Institute of Technology and Shaheed Sukhdev College of Business Studies, DU. Smt. Punya Salila Srivastava Secretary, Training and Technical Education shared the steps taken by the department towards incubation policy formation. She told that a committee was appointed for this purpose under the chairmanship of Professor Yogesh Singh after an initial workshop was conducted on 18.4.2015. The Govt. of NCT of Delhi has accepted the recommendations of the Committee. On this occasion, Chief Secretary to Delhi Govt. was also present. “Incubation & start-up is a buzz word. But policies can’t be implemented around buzz words. Life, society, market, country can’t run around buzz words. There has to be a concrete plan for that. There has to be a concrete implementation policy for that. Of course for that you need money also. You need seed money also. Now, if you have a good idea, a good plan and need money, we will give it to you”, said Mr. Sisodia. He further added, “We don’t have lack of talent, our people are running world’s largest companies, but they don’t own it. Why? We have to take our children in a direction where they don’t dream of getting jobs, but start dreaming of giving jobs. The incubation policy is a major step in that direction.”