Archive · 23 Jul 2026
J&K Aims to Double Startups by 2027
Jammu and Kashmir hosted a big startup summit called ASCEND J&K 2026 in Srinagar.
The Chief Minister, Omar Abdullah, said the government wants to help startups grow and is ready to take risks.
He hopes to double the number of startups from 1,300-1,400 to 2,600-2,800 by 2027.
The summit brought together investors, entrepreneurs, and policymakers to support new businesses.
The government has already given money to startups through programs like Startup India.
Jammu and Kashmir hosted the ASCEND J&K 2026 summit to promote startups.
Chief Minister Omar Abdullah aims to double the number of startups by 2027.
The government is committed to supporting startups despite the risks.
Current startups in J&K: 1,300-1,400, target: 2,600-2,800 by 2027.
Startup India has provided ₹50 crore in funding and ₹2.65 crore in seed fund assistance.
- Who
- Chief Minister Omar Abdullah, angel investors, incubators, entrepreneurs, policymakers
- What
- ASCEND J&K 2026 summit to promote innovation and investment in Jammu and Kashmir
- When
- July 23, 2026
- Where
- Sher-i-Kashmir International Conference Centre (SKICC), Srinagar
- Why
- To strengthen the startup ecosystem and create an enabling environment for entrepreneurship
Government Support for Startups
Risk-Averse Investments
Government's Role in Startup Ecosystem
Government Support for Startups
The government is committed to strengthening the startup ecosystem and creating an enabling environment for entrepreneurship.
Risk-Averse Investments
Governments are often risk-averse and prefer investments with predictable outcomes.
- Event
- ASCEND J&K 2026 summit
- Organizer
- Jammu and Kashmir Entrepreneurship Development Institute (JKEDI)
- Location
- Sher-i-Kashmir International Conference Centre (SKICC), Srinagar
- Current Startups
- 1,300-1,400
- Target Startups by 2027
- 2,600-2,800
- Funding from Startup India
- ₹50 crore
- Seed Fund Assistance
- ₹2.65 crore for 14 startups