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 for the next 5 years, it also lays a strategic long-term roadmap for bringing in positive change in the mindsets of the individual and society’s attitude towards becoming an entrepreneur.
To be amongst the leading startup States in the country by the year 2021, by providing enabling environment for creation of successful, innovative and impactful enterprises
To create a conducive and enabling ecosystem to facilitate the growth and scaling of at least 1000 direct startups, and support 1500 startups virtually, by the year 2021.
To create 1, 00,000 sq. ft. of dedicated incubation space offering end-to-end support for the startups in the State.
To create a fund of funds (FOF) by public-private partnership (PPP) to promote startups in the State.
To facilitate the development of at least 100 innovative technology based startups, with social impact, specific to the needs of the state in this policy plan period.
To create robust and synergetic platform for the academia and industry to supplement each other’s efforts
To promote gender equality, environment sustainability and improve social factors among others.
To promote entrepreneurship in educational institutions (primary, secondary and higher educational institutions)
IT/ITeS, IoT, AI, Machine learning, Robotics, Healthcare technology & life sciences, Renewable & clean energy, Rural tourism, water & sanitation, Agro & food, crafts, Education, Electronics manufacturing & automation, Automation around captive industries, Rapidly emerging disruptive technologies, Startups focused on Social Issues
Provision for sponsoring expenses of mentors registered and listed with Central Incubation Lab for mentorship support
A support of up to INR 50 lacs annually to private incubators for first five years from the start of operations in the state
Assistance of up to INR 50 Lac annually to academic institutions for development of industry academia incubation centers