Jagannath Institute of Management Studies ( School of

Law)
Subject- Entrepreneurship

DELHI GOVT. INITIATIVE

TO PROMOTE
ENTREPRENEURSHIP IN IN
DIA
Submitted to = Shishma Mam
Standard = 4th semester
Submitted by= Sanjeevni
Saxena
Enrollment no.= 625503522
 INTRODUCTION
The Industries Department of the Delhi
government has recently finalised a draft of its
startup policy with the goal of encouraging and
supporting 15,000 startups by 2030.
The policy includes collateral-free loans,
guidance from experts, and support for college
students, according to a TOI report.
y 2030, the Delhi Startup Policy seeks to establish
the city as a global innovation hub and the preferred
location for startups.
The idea is to establish a supportive ecosystem for
innovation-driven economic growth and nurture
entrepreneurship through robust support
mechanisms.
 Additionally, Delhi Chief Minister Arvind Kejriwal
underscored that the Delhi Startup Policy not only
offers financial assistance but also provides a
comprehensive range of support to entrepreneurs.
 CM Arvind Kejriwal Announces Delhi Startup Policy; Plans To
Make Delhi India’s Startup Capital
 The research team at The Dialogue and Development Commission
(DDC) of Delhi began its in-depth, in-person, one-on-one meetings
with startup founders in the NCR region to better understand the
challenges faced by them in their journey so far, the potential role of
policy interventions in promoting entrepreneurship in the region and
existing advantages that Delhi offers to startups.The department has
also filed an action-taken report and is also in the process of
finalising a proposal for the Dilli Bazar portal, a digital platform
designed to connect with customers both nationally and globally. It
plans to develop Shahdara under the ‘One District One Product –
District as Export Hubs’ scheme. In its initial phase, the portal will
feature 10,000 vendors.
 SUMMARY
 Arvind Kejriwal has launched the Delhi Startup Policy on
Twitter LiveThe Delhi CM said that the government will help
startup founders not just monetarily, but in many other ways
as wellThe focus of the announcement remained on monetary
support and on training entrepreneurs at a young age through
their high school and college education
 Kejriwal said, “We have taken a lot of steps to create an
environment of business in Delhi NCR. We have introduced a
lot of provisions to introduce entrepreneurship in the capital.”
 Another important announcement that was made under the
Delhi Startup Policy was hiring agencies and professionals to
help startups free of cost. These professionals, including the
likes of lawyers and chartered accountants (CAs), will help
startup founders with trading legal proceedings such as
trademark registration, GST filing, and so on.
 The Focus Of Delhi Startup Policy: Teach Them Young
Talking about how India’s education system does not include
entrepreneurship as a subject and does not foster
entrepreneurship as well, the Delhi CM announced a support
program under the Delhi Startup Policy for Delhi’s students from
Class 9 upwards.“In Delhi’s schools, from 9th to 12th, we have
launched the ‘Business Blasters’ campaign, under which
participants are given small seed capital to create a business,”
Kejriwal said.The ‘Business Blasters’ program has also been
extended to include college students who are studying in Delhi’s
government colleges, he added.
 Further talking about the college students, Kejriwal said, “The
government will allow a leave of up to 2 years to students in
colleges who have developed a startup idea to
work on the same.”
 THE STATE OF DELHI NCR IN INDIA’S STARTUP ECOSYSTEM

 Delhi NCR, along with Bengaluru, forms the dual focal point of
India’s startup ecosystem. The scales are tipped in Bengaluru’s
favour right now; since the start of 2021, Bengaluru has seen more
than $26 Bn in funding, which is almost half of the total funding that
flowed into the country. During the same time, Delhi NCR has seen
its startups raise funding to the tune of $12 Bn, a fifth.
 Bengaluru hosts 39 unicorns, while Delhi NCR boasts 31 unicorns.
This is again a testament to the more matured startup ecosystem of
Bengaluru.
Even in terms of soonicorns, Bengaluru leads by a mile,
boasting 45 soonicorns. Delhi NCR could only secure the third
spot on this list, as Mumbai hosts 20 of India’s soonicorns,
ahead of Delhi NCR’s 16.
Mentioning unicorns here is important because Kejriwal said,
“I hope the youth of Delhi will create unicorns of their own.”
He added, “I expect to see a boom in startups over the coming
years with this [Delhi Startup Policy
 Reform Area wise Assessment
 1.Institutional support
 :Institutional Support focuses on the execution and facilitation of the State/UT’s
startup policy through a comprehensive portal and specific incentives provided by
various Government stakeholders. This Reform Area focuses on the access to
information for startups on the State-supported initiatives. It analyzes whether a
particular State/UT has a functional startup portal offering single window solutions
for all startup ecosystem stakeholders.
 A holistic startup portal offers services ranging from startup registration to an
efficient grievance redressal mechanism in making information accessible and
inclusive through the functionality of local languages. A special focus has been
drawn towards women-led startups with specially tailored incentives and schemes
to ensure equitable implementation. The Reform Area also emphasizes on
institutionalized support provided to the startups from various State/UT
Government departments.
 2.Fostering Innovation and Entrepreneurship
 Fostering Innovation and Entrepreneurship seeks to encourage the spirit
of innovation among aspiring students and rural entrepreneurs.
 It focuses not only on the assessment of the total number of registered
startups in each State/UT, which is a direct result of the State/UT support
but also on the regulatory reforms undertaken to support startups in
disruptive sectors.
 This Reform Area assesses the extent to which Higher Educational
Institutes (HEIs) have been engaged in providing support to student
entrepreneurs. It also highlights the value of innovation through
disruption and promotes State-supported technological disruptionto help
drive innovation.
 3 Access to Market
 This Reform Area seeks to encourage the State/UT Government to ease
participation in the public procurement process for startups and become an
enabler in connecting startups with private stakeholders.
 The States/UTs are evaluated based on the support provided by them to
startups through the organization of showcase opportunities such as Demo-
Day, Buyer-Seller Meet, National and International Events, and relaxation in
rules for Government work orders. The aim is to steadily increase the number
of work orders awarded to startups by helping them be at par with the
established players in their respective sectors.
. 4 Incubation Support
 Incubation support is provided in the form of financial and
infrastructural support to startups and Statesupported incubators.
The State/UT Governments have been supporting incubators to set
up or upgrade existing facilities through funds and incentives to
enhance the incubation infrastructure. This Reform Area also aims
at ensuring proportionate utilization of the incubation capacity of
the State-supported incubators.
 The support provided by the State/UT to the incubators through
programs and incentives will in turn help startups in scaling up and
thereby, contribute to the growth of the State/UT startup ecosystem.
5 Funding Support
 All startups require timely availability of funding for their growth.
This Reform Area encourages various State/UT Governments to
establish either Seed or Venture funds or Fund of Funds for
startups. It also focuses on the access to these funds established by
the State/UT Government.
 A special focus has been given to initiatives and programs
undertaken for connecting startups with private investors through
workshops, networking events, pitching sessions, and investor
networking events.
 6 Mentorship Support
 Mentorship support provided by States/UTs is a crucial factor in
the growth of startups that do not have the means and network to
find such guidance on their own. Mentors can be from business
schools providing support in terms of marketing, finances,
product, international expansion, fundraising, legal, etc.
 They can also be founders of established businesses or
academic researchers. The Reform Area measures efforts by the
State/UT Government in facilitating mentorship to startups. This
has been assessed by the number of startups benefitting from the
State’s/UT’s network of mentors and the time spent by the
startups with mentors.
THAN
K YOU