Policy Vision & Objectives

1 Policy Vision

Policy Vision

To develop IT as a vehicle for holistic socio-economic development of Uttar Pradesh with a focus on creating employment, promoting entrepreneurship, innovation and enhanced quality of life

2 Objectives

Objectives

  1. To instill and nourish entrepreneurship and innovation by providing impetus to Start-ups, Incubators, Centers of Excellence.

  2. To lead digital empowerment through creation of citizen centric services, whereby welfare is generated across all sections of the society.

3 Definition of Startup

An entity will be considered as Startup under UP Startup Policy 2017 if following conditions are met:

  1. Up to 7 years and for biotechnology startups up to 10 years from its date of incorporation / registration.
  2. Turnover for any fiscal year has not exceeded INR 25 crore.
  3. Should be registered in Uttar Pradesh.
  4. Entity should not have been formed by splitting up or reconstruction a business already in existence.
  5. Incorporated as either a Private Limited Company (as defined in the Companies Act, 2013), a Registered Partnership Firm (registered under section 59 of the Partnership Act, 1932) or a Limited Liability Partnership Entity (under the Limited Liability Partnership Act, 2008).
  6. Working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.
  7. A entity will be a startup on fulfilling the conditions defined by GoI, vide notification no. GSR 501 (E) dated May 23, 2017 (and as amended time to time).

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Start-up Promotion Cell

Serves as the nodal agency to register/recognise/certify, the start-ups established in the state. Secretary IT is the convenor of the cell. The cell would also engage professionals/agencies for the following functions, who would provide services to the start-ups on a shared services model, at notified rates:

  1. Management

  2. Human Resources

  3. Technical

  4. Legal

  5. Finance

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