Dushyant Singh Pundir
Tribune News Service
Chandigarh, November 19
To encourage young entrepreneurs, the UT Administration is mulling over a city-specific startup policy.
At present, startups in the city can register on the startup portal of the Central Government.
Keeping in view the requirements of local budding entrepreneurs, the Administration was working on a new startup policy to help them set up their own ventures in the city, said a senior UT official, adding that the Industry Department had already started deliberations with different stakeholders in this regard.
Meanwhile, the Society for Promotion of IT in Chandigarh (SPIC), under the aegis of the Department of Information Technology (IT), will soon launch its much-awaited co-working space to promote entrepreneurship and strengthen the startup ecosystem in Chandigarh. The state-of-the-art co-working space has been set up in the entrepreneur development building with a capacity of 68 seats at IT Park.
“The co-working space has been opened up for young budding entrepreneurs who have a technology-based workable idea or innovative business plan and are looking for a state-of-the-art working space to give wings to their ideas,” said Vinod P Kavle, Secretary, IT.
Two core challenges that startups or early stage companies faced were — initial cost of setting up their office and hiring best talent. The co-working space solved both these challenges as one got a plush office in the IT hub of the city that enabled the startup to attract the best talent in the tricity, he said.
Kavle said, “This is the right step forward in boosting and nurturing innovation and creativity. It will further help in promoting entrepreneurship among youth and will create more job opportunities.”
Nitika Pawar, Director, IT, said, “This co-working space will have all amenities which are being offered in the private market. It will be more cost-effective and will help create a community of innovators.” The online portal of co-working would act as single window system for budding entrepreneurs, she added.
The idea of co-working space was conceived to create a platform for technology-based startups to identify and provide value-added services required to support a startup and strengthen the startup culture in the city and also to encourage and inspire youth to actively consider entrepreneurship as their career choice. Co-working space will cater to students and young entrepreneurs who have a workable idea which needs hatching and also for startups which dont have much capital to invest in private office.
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