5 days ago

Yogi Adityanath Distributes ₹5.21 Crore To Boost UP Startups

Chief Minister Yogi Adityanath held a startup ceremony in Lucknow.

The government gave money to startups and organisations that help startups grow.

It said more than ₹3.42 crore went to 107 startups and ₹1.79 crore went to nine incubators.

Five startups received cheques directly on the stage.

Other startups and entrepreneurs were also honoured.

Some businesses work on drones, rocket engines, health screening and security equipment.

Edubuk said it received a ₹4.50 lakh grant for its education and technology work.

The government said its policies are meant to make funding, facilities and other support easier to access.

The event was presented as a way to strengthen Uttar Pradesh’s startup ecosystem.

Key facts

Total incentives announced: More than ₹5.21 crore: over ₹3.42 crore for 107 startups and ₹1.79 crore for nine incubators.
Stage startup recipients: Five startups received incentive cheques: Singh Dynamics, Decode Softwares, Trishul Space, Genomiki Solutions and PHSI Technology.
Incubator incentive recipients: NavYug Innovation Foundation, IET Lucknow and NIET were named among the incubator incentive recipients.
Recognition certificates: VBSPU Incubation and Innovation and MSU Academic Foundation received incubator recognition certificates.
Startup Fund honourees: Magnum Technology and Alphadroid India were honoured; Brisk Olif received a Letter of Intent.
Edubuk grant: Edubuk said it received a ₹4.50 lakh government grant and had attracted investments of up to ₹80 lakh.
Named technology projects: The participating startups described work involving drones, cryogenic rocket engines, newborn health screening, cybersecurity and data analytics.

freepressjournal.in · 5 days ago

freepressjournal.in · 5 days ago