Friday, 22 October 2021



LATEST NEWS Capt. Amarinder Singh has not fulfilled his promises to the people of Punjab during his tenure : Karnail Singh Peermohammad Make All Efforts For Instilling Confidence Of General Public In Law And Order Machinery- Cm To Punjab Police Youth To Be Deciding Factor In Vidhan Sabha Polls : Charanjit Singh Channi Massive protest against Cong MLA Joginderpal at Pathankot Police Commemoration Day observed at DPL Pulwama Intense Dengue control measures afoot Punjab Government To Come Up With A Roadmap To Revamp Education System : Pargat Singh The public knows who did corruption and who went to the court for the same : Vinod Thakur Central University of Punjab organized an Invited lecture on “Universal Human Values” Raja Warring's report card does not include any action against political transport mafia : Dinesh Chadha Tamannah Bhatia among top 10 most influential social media stars in south Being Punjabi an advantage in portraying a 'Sardar' : Pawan Malhotra Debina Bonnerjee's prosthetics for 'Shubho Bijoya' will leave you in shock Government recognizes Purzgars as vital pillar in Shawl Industry Police Martyrs Day observed at DPL Ganderbal, Pulwama Director Agriculture Kashmir inaugurates sale of Vegetable seedlings at Kitchen Garden, Lal Mandi Snow forecast : DC Bandipora reviews winter preparedness Disst. Adm. Kupwara organizes 4 block diwas programmes at Hayhama, Langate, Kalaroos, Tad Sonamarg to be promoted as all season tourist destination : Pandurang Kondbara Pole Charanjit Singh Channi Reviews Preparedness For Progressive Punjab Investors Summit We Should Fight Anti-National Forces Jointly : Gurpreet Singh Bhullar


Captain Amarinder Singh Launches ‘Innovation Mission Punjab’ To Boost Start Up Sector

Showcases Entrepreneurial Ecosystem Of Punjab With 450 Startups

Captain Amarinder Singh, Amarinder Singh, Punjab Pradesh Congress Committee, Congress, Punjab Congress, Chief Minister of Punjab, Punjab Government, Government of Punjab, Innovation Mission Punjab, IMPunjab

Web Admin

Web Admin

5 Dariya News

Chandigarh , 01 Sep 2021

With the objective to tap Punjab’s growth potential by developing a vibrant environment for entrepreneurship, Chief Minister Captain Amarinder Singh on Wednesday launched ‘Innovation Mission Punjab’ (IMPunjab), a public private partnership that brings in the best global investors and experts to catalyze start ups making Punjab one of the top three States in innovation.Speaking at the virtual event, the Chief Minister said that the Mission will unleash Punjab’s growth potential and create a thriving economy by generating jobs and inviting investment. The Mission will mobilize a global pool of ambassadors and partners for investment, mentorship and market access, said Captain Amarinder Singh adding the mission will also leverage the strength of the Punjabi diaspora, allowing them to partake in this renewed growth story of Punjab besides running focused programs to encourage entrepreneurship amongst women. On the occasion, a grand ideathon was also announced in partnership with incubators, inviting budding entrepreneurs, young professionals and students across the State.Showcasing Punjab as an entrepreneurial State with a strong footprint of entrepreneurs across the world and India, the Chief Minister said that the State has a burgeoning entrepreneurial ecosystem with 450 startups and 20+ incubators. Besides, the Innovation Mission Punjab will act as a catalyst to strengthen by rallying rally all the stakeholders viz. academia, incubators, investors, startups, government, progressive farmers, sports people, media, industry and corporate, said Captain Amarinder Singh.

The Chief Minister further said that the Mission is 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 crores 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 Mission stands firmly on three pillars namely Pollinator- To create a network of virtual incubators and organise events such as bootcamps, ideathons, pitch days to create a vibrant startup ecosystem, Accelerator: To provide structured guidance and curated mentorship to startups through sector and stage-specific programs. The accelerator will be set up at Kalkat Bhavan and a Venture Fund of Rs. 150 crore to support early-growth stage startups. The State government will provide 10% of the corpus and guarantees upto Rs. 10 crore cumulatively to incentivize early investors.The Mission will play to Punjab’s sectoral strengths, supporting businesses in diverse arenas, including healthcare, pharma & biotech, food & agriculture, manufacturing, media & entertainment and more, added the Chief Minister.

Meanwhile, eminent economist Montek Singh Ahluwalia while describing innovation as the important factor in the start ups, said that the innovation mission would get going in true sense once the things get back to normal and a post Covid scenario emerges. He mentioned digital connectivity and Artificial Intelligence as key areas of the start up sector.Taking part in the deliberations, Chief Secretary Vini Mahajan said that Punjab's time has come in the start up sector which is a new kid on the Block. At the time of framing the New Business policy in 2017, the start ups were given a prominent place, said the Chief Secretary encouraging new start ups to explore Punjab as the new investment destination.Elaborating on the larger objectives of the Mission, founder Genpact and Asha Impact Pramod Bhasin said, “The start up wave is in the air and Mohali, Chandigarh and Ludhiana have the potential to emerge as the start up hubs and far-reaching steps to put Punjab on the global startup map would be undertaken by building impetus for entrepreneurship communities and collaborating with investors, industry and academia."Among others who shared their ideas included Managing Director Sequoia Capital Rajan Anandan, Co-founder and CEO Snapdeal Kunal Bahl and Founder Socksoho Pritika Mehta.


Tags: Captain Amarinder Singh , Amarinder Singh , Punjab Pradesh Congress Committee , Congress , Punjab Congress , Chief Minister of Punjab , Punjab Government , Government of Punjab , Innovation Mission Punjab , IMPunjab



related news




Photo Gallery



Video Gallery



5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2021 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD