UTTAR PRADESH START-UP POLICY

Department of IT & ElectronicsGovernment of Uttar Pradesh

Uttar Pradesh Start-up Policy

Introduction to IN-FU-SE Model

Support for Incubators

Support for Funding

Support for Start-ups

Supporting People, Policy &

Infrastructure

Policy Implementation Unit

Introduction to IN-FU-SE Model

FU

SE

INIncubators

• Collaboration with Premier Host Institutions• Incentives include capex, opex &

honorarium to mentors

Fund of Funds

• Establishment of initial `100 Crore Corpus (scale up to `1000 Crore)

• Professionally managed Fund

Startup Entrepreneurs

• Financial assistance at Prototype Stage• Marketing assistance at Pilot stage

Support for Incubators

o Incentives and Facilitation

o Govt. supported Incubators

o Country’s biggest Incubator

FU

SE

IN

Facilitation for setting up of Incubators

IIT-BHU, IIT-Kanpur

KNIT Sultanpur

IIM-Lucknow (Noida)

UPDESCO-iB Hubs Lko

Capital Grant: `25 Lakhs

Opex: `5 Lakhs p.a. for 5 years

Mentors: Honorarium of `2 Lakhs each for 5 mentors

Incentives for Incubators

Incentives for setting up Incubators

Jhansi

Mathura

Incubators benefitted from UP Start-up Policy

Other Incubators

Bareilly

Noida

IT-UPVAN (Lko & Ghaziabad)

Government supported Incubators

*11+ startups

*Seating Capacity: 36

*Focus on ICT, Biotech, Agritech

* Noida is start-up hub of UP

*Seating Capacity: 30

*6 Start-ups

* Focus on Mobile & IT, IoT, e-commerce

* Centre at Lucknow

*Seating Capacity:60

*9 Start-ups

* Upcoming at Mathura & Noida

*200,000 sq ftIncubation space by 2022

* Seating Capacity:10

*6 Start-ups

* Focus on electronic design, e-commerce

*1st state run Incubator by UP Govt.

*Centres at Lucknow & Ghaziabad

*11 Start-ups

*Focus on IT/ITeS

*Seating capacity: 60

IIT-BHU IIM-Lko (Noida) iB Hubs Lko KNIT Sultanpur IT-UPVAN IIT-Kanpur

Central Government recognized Incubators in UP

Shiv Nadar University (G.

Noida)

Doon College,

Saharanpur

IIIT-Allahabad

Amity University

(Noida)

JSS Academy (Noida)

Dayalbagh Institute,

Agra

Krishna Institute

(Ghaziabad)

Kansi Ram Institute

(Ambedkarnaga)

Suyash Institute

(Gorakhpur)Incubators planned across all 75 districts

Biggest Incubator at Lucknow

10+ Central Govt recognized Incubators in UP

Country’s biggest in Uttar Pradesh

Support for Funding

o UP Start-up Fund

FU

SE

IN

UP Start-up Fund

Fund of Funds

Fund Size

Investment Focus

Start-up Qualification

• Fund of Funds Model (~FFS of Start-up India)

• Investment in SEBI registered Investors

• `100 Crore Corpus• To be scaled to `1000 Crore

• Across sectors supported by technology

• Registered in Uttar Pradesh• All other same as Start-up

India (DIPP)

Professionally managed by Fund ManagerDue diligence and selection by committee

Access to funding by UP based Start-ups

Govt. support at early, seed and growth stages

MoU to be signed with SIDBI

Support for Start-ups

o Definition of Start-ups

o Incentives to Start-ups

FU

SE

IN

Start-up Definition (for UP Start-up Policy)

Entity should be registered in Uttar Pradesh

Pvt Ltd Co, Registered Partnership Firm, LLP

Not older than 7 years from the date of incorporation /registration

Scalable business model with a high potential of employment generation or wealth creation

Not formed by splitting or reconstruction of existing business

7

NEW !

Same as Start-up India (DIPP)

*Amendments apply

Incentives to Start-ups under UP Start-up Policy

Sustenance Allowance of `15,000 per month for 1 year

Marketing / Commercialization Assistance of `10 Lakhs

Benefit from `100 Crore UP Start-up Corpus Fund. To be scaled to `1000 Crore, in future

Idea Stage

Pilot Stage

Growth Stage

`

``

Sustenance Allowance

Commercialization / Marketing Assistance

Start-up Corpus Fund

Supporting People, Policy and

Infrastructure

o Association with Mentors

o IT/ Research Parks

o IT & Electronics Policies

Association with Mentors

Mr. Ritesh Agarwal (Founder & CEO, OYO

Rooms)

Antony Thomas (Group CIO, GE Global)

Vikram Gupta (Founder & Managing Partner, IvYCap

Ventures)

Saurabh Srivastava (Chairman, India Operations, CA Technologies Inc. and Co-

Founder, Indian Angel Network)

Harsh Kaul (Former Chief General Manager & Country Head, SIDBI)

Srijan Pal Singh (Founder, Dr A.P.J. Abdul Kalam

Centre for Creating Livable Planet Earth, AKTU)

Kiran Hedge, (Founder, DOC&U Healthcare and

Iris Interactive Communications)

Pankaj Jain (Partner, 500 Startups )

Vaibhav Agarwal (Founder & CEO, Inc. 42)

Ashish Hemrajani (Founder & CEO, Bookmyshow)

Shradha Sharma (Founder & Chief Editor, Yourstory Media Pvt. )

Professor Raghunandan Rajamani (Executive Director, ISBA)

Professor Bharat Bhasker, IIM-Lucknow

Pranay Gupta (Co-Founder of 91Springboard)

Professor B.V. Phani, IIT-Kanpur

Sanjay Vijay Kumar(Chairman of Startup Village)

Naveen Tiwari(Founder & CEO, Inmobi)

Vijay Sharma(Founder & CEO, Paytm)

Supporting Infrastructure to propel start-up ecosystem

IT Parks Space earmarked for start-

ups in IT Parks Upcoming IT Parks at

Gorakhpur, Meerut, Agra, Lucknow , Kanpur etc

Largest Incubator State’s largest Incubator

planned

Probable location: Lucknow

Research / IT Park Research / IT Park planned

in Kanpur, in collaboration with IIT-K

Exclusive hub for entrepreneurs / start-ups

Other Policy Incentives supporting further growth

Various fiscal and non-fiscal incentives for IT/ITeS companies, like: exemption on stamp duty electricity duty interest subsidy EPF grant land rebate self-certifications for various acts etc

Various fiscal and non-fiscal incentives for electronics manufacturing companies, like: capital subsidy VAT reimbursement interest subsidy stamp duty exemption etc

UP IT Policy

UP Electronics Manuf. Policy

Policy Implementation Unit

Policy Implementation Unit (PIU)

Dedicated Startup Cell – Policy Implementation Unit

Dedicated Startup Helpline -0522-2286808, 2286809, 2286812,

4120202

Dedicated Portal: http://itpolicyup.gov.in/

Nodal Agency (UPLC) at Lucknow

One Stop Solution

KPMG is PIUPartner for UP Start-up Policy

Simplification and

Handholding

Grievance Redressal

KPMG is the Policy Partner

Questions ?

Thank You !

Sanjiv Saran (IAS)Additional Chief Secretary

Department of IT & ElectronicsGovernment of Uttar Pradesh

e: uppsit2017@gmail.com

How to avail Incentives ?

Decide which incentives to apply ?

Download Start-up Enrollment Form / LoRfrom itpolicyup.gov.in

Fill the documents, get them vetted by

Incubator

Submit documents online to

info@itpolicyup.gov.in

Documents get assessed by PIU

Incentives get transferred to Incubator and

thereafter to start-ups

PIU Support at every stepReach out to PIU for

special requests