Introduction

The Government of Jammu and Kashmir recognizes the importance of start-ups in driving innovation and economic growth.The policy envisages tonurture and inspire the young and entrepreneurial brains of Jammu and Kashmir to pursue innovation & entrepreneurship there by creating a vibrant and robust Start-up ecosystem in Jammu & Kashmir.This policy outlines the measures and initiatives aimed at fostering a supportive environment and creating conducive start up ecosystem in Jammu & Kashmir. The Jammu & Kashmir Entrepreneurship Development Institute (JKEDI) shall be the Nodal Agency for the implementation of this Policy.

Objective

The policy aims to achieve the following objectives:

• Establish Jammu & Kashmir as one of the leading Start-up ecosystems in India by 2027.Empower incubation centres , tinkering labs and innovation cells of Government/ Private with optimum resources in terms of funds, mentors and partners. Engage with entrepreneurs ,mentors, investors and catalysts through various interventions, tie ups and scheduled events. Enrich entrepreneurs through the means of institutions and enable them to access to various education programs that would scale Start-up performance (Pre-Incubation, Incubation, Acceleration etc.) Establish new incubation centres across Jammu and Kashmir with state-of-the-art facilities .Support the Start-ups in attracting investments and other various initiatives to access market globally & domestically .Facilitate set up of at least 2000 new Start-ups in Jammu & Kashmir in the next 5 years.
• Institutionalize incubations that are specific to nurture grass-root innovation and support prototyping. Encourage Startups /incubators that are aligned to focus sectors/industries identified by the Government of Jammu & Kashmir.
• Jammu & Kashmir would provide additional support to female entrepreneurs , entrepreneurs with disabilities and entrepreneurs belonging to third gender.

J&K Startup Policy 2024