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Atal Bihari Vajpayee Innovation Lab (Jharkhand Innovation Lab)

ABVIL is an initiative by Government of Jharkhand in association with Indian Institute of Management Ahmedabad to build a world-class innovation and entrepreneurship eco-system in the State. ABVIL is envisaged to work closely with all the key stakeholders (students, entrepreneurs, investors, academic institutes, government) and act as a bridge between them. ABVIL will also support the Government of Jharkhand in implementing the Start-up Policy. ABVIL has started conducting events in 2017 and will be launching full-scale operations in 2018.

Jharkhand Startup Policy 2016

Jharkhand as of today is undertaking firm and fundamental strides towards building a robust business friendly ecosystem, which promotes innovation and nurtures entrepreneurial spirits. Government of Jharkhand aims to create opportunities for every strata of the society by providing equitable ecosystem for development of entrepreneurship and innovation. As the State recognizes that there cannot be “one size fits all” approach; this policy will enable, empower and engage start-ups from very early stage and be the partner in their growth journey. While this policy focuses on effective short-term measures to boost entrepreneurship, revitalize economy and investment in the state, it also lays a strategic long-term road-map for bringing in positive change in the mindsets of the individual and society’s attitude towards becoming an entrepreneur.

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