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Tuesday , 21 November 2017
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Startup Boom; Maharashtra Io Promote Incubators For Success Of Startups

In a positive step to improve and motivate the entrepreneurship behavior, the Maharashtra state government has formulated ‘Maharashtra State Innovation and Start-up Policy’ to support startups.

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Under the policy, the government is planning to set up incubators across the state for support with regards to work space, mentoring, and training to entrepreneurs.

The draft policy also proposes entrepreneurial development classes in all schools to foster an entrepreneurial streak among students. The policy has been prepared under the guidance from the Government of Maharashtra Skill Development and Entrepreneurship Department.

The policy draft claims that innovation is the antidote to economic recession. The state government aims at foster a start-up culture by encouraging innovative ideas, transforming novel concepts into practical industry solutions and mentoring aspiring entrepreneurs.

The draft plan proposes incubators in 12 prominent high demand sectors including construction, production and manufacturing, textile, automotive, hospitality, health care, banking, finance and Insurance, organized retail, pharmaceuticals and chemicals, information technology and enabled services, agro-processing and bio-technology.

There will be a maximum of only three incubators for each of these selected sectors. The government plans to set up an incubator in each district of the state on a public-private partnership model with lead industries from relevant sectors.

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