UP Government Schemes and Initiatives for Startup Funding.

StartinUP Funding Schemes

The UP government has various startup financing plans set up to help business visionaries and new companies in the state. These plans give monetary help, mentorship, and other help administrations to new businesses at various phases of their development.

Here are a portion of the key UP government startup subsidizing plans:

StartinUP Marketing Assistance: This plan gives up to INR 7.5 lakhs to new companies to send off their MVP (least reasonable item) on the lookout.

StartinUP Prototype Development: This plan gives up to INR 5 lakhs to new companies to foster their models.

StartinUP Sustenance Allowance: This plan gives a month to month remittance of INR 17,500 to new companies for a time of one year.

StartinUP Patent Support: This plan repays up to INR 2 lakhs for Indian licenses and INR 10 lakhs for global licenses for documenting fruitful licenses.

StartinUP Event Participation: This plan repays up to INR 50,000 for public occasions and INR 1 lakh for global occasions to new companies for support in occasions.

SIDBI FoF's: The Government of Uttar Pradesh has established INR 1000 Crore UP Startup Fund for providing access to finance to startups in Uttar Pradesh. This fund shall be in the form of fund of funds wherein it shall not invest directly into the startups, but rather it shall make investment in “Daughter Funds,” which would ultimately invest in startups promoting innovative ideas across all sectors in Uttar Pradesh.

Startup India Seed Fund Scheme: The purpose of SISFS is to provide early life funding including seed fund to support ideation and development of early-stage startups.

Notwithstanding these plans, the UP government additionally offers help to new businesses through its organization of hatcheries and gas pedals. These hatcheries and gas pedals give new businesses admittance to mentorship, collaborating spaces, and different assets to assist them with developing.

To be qualified for UP government startup financing plans, new businesses should meet specific rules, for example,

The startup should be consolidated in India and enrolled with the Startup India conspire.
The startup should be under 10 years of age.
The startup should have a yearly turnover of not as much as INR 100 crores.
The startup should be imaginative and can possibly make occupations.

Intrigued new businesses can apply for UP government startup subsidizing plans through the StartinUP gateway

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