City-specific startup policy on the cards

Dushyant Singh Pundir

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Tribune News Service

Chandigarh, November 19

To encourage young entrepreneurs, the UT Administration is mulling over a city-specific startup policy.

At present, startups in the city can register on the startup portal of the Central Government.

Keeping in view the requirements of local budding entrepreneurs, the Administration was working on a new startup policy to help them set up their own ventures in the city, said a senior UT official, adding that the Industry Department had already started deliberations with different stakeholders in this regard.

Meanwhile, the Society for Promotion of IT in Chandigarh (SPIC), under the aegis of the Department of Information Technology (IT), will soon launch its much-awaited co-working space to promote entrepreneurship and strengthen the startup ecosystem in Chandigarh. The state-of-the-art co-working space has been set up in the entrepreneur development building with a capacity of 68 seats at IT Park.

“The co-working space has been opened up for young budding entrepreneurs who have a technology-based workable idea or innovative business plan and are looking for a state-of-the-art working space to give wings to their ideas,” said Vinod P Kavle, Secretary, IT.

Two core challenges that startups or early stage companies faced were — initial cost of setting up their office and hiring best talent. The co-working space solved both these challenges as one got a

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