‘Innovation Mission Punjab’ launched

Chandigarh, September 1

Chief Minister Capt Amarinder Singh on Wednesday launched ‘Innovation Mission Punjab’ (IMPunjab), a public-private partnership to bring in the global investors and experts to catalyse startups making Punjab one of the top three states in innovation.

The Chief Minister said the mission was a unique public-private partnership, championed by the private sector with strong government backing. As partners Department of Agriculture, Industries and Commerce, Mandi Board and Startup Punjab are providing over Rs 30 crore in cash and kind, including operating expenses for the first three years, 10-year rent-free lease for 12,000 sq ft at Kalkat Bhavan and support to startups and incubators in the state.

The Chief Minister said the mission would mobilise a global pool of ambassadors and partners for investment, mentorship and market access. He added that the mission would also leverage the strength of the Punjabi diaspora, allowing them to partake in this renewed growth story of Punjab. — TNS