Assam Startup is a government-led programme to develop a startup ecosystem in the state. This effort aims to foster an entrepreneurial culture in Assam; by encouraging and equipping young people to become job creators and pursue their entrepreneurial ambitions. The Assam government also wants to promote Assam; as the entrepreneurial capital of Northeast India. The Assam Startup Policy of 2017 focuses on creating jobs, supporting startups in their early stages, and promoting the state’s startup culture.
The four objectives of the Assam Startup Policy Draft 2017 are as follows:
Digital Startup Ecosystem: The development of a Startup site and app to allow information aggregation, and infrastructure booking, is part of the digital startup ecosystem. Online learning and development programmes will also be available through the portal. In addition, a specialized helpline will be established.
Infrastructure Development: In the initial phase, a startup incubator space will be built, in Guwahati, followed by Dibrugarh and Silchar, as well as the establishment of an ESDM (Electronic Systems and Design Manufacturing); innovation centre.
Funding & Other Incentives: Registered startups will receive tax breaks and perks, loan schemes with low-interest rates, and other reimbursements.
Human Capital & Skill Development: The government intends to establish a suitable atmosphere at the school and college-level; to stimulate creativity. Every college will also be required to build EDCs (Entrepreneurship Development Cells).
Ease of Doing Business in Assam (EODB): It aims to create a platform for providing the best support to the state’s perspective and existing business community. It provides envisions of prosperity for businesses. Technology, innovation, inclusivity, and sustainability; are key development factors for the vision. It promotes economies to compete for more efficient regulation. Examining domestic small and medium-sized businesses and measuring the restrictions that apply to them throughout their lives delivers; objective regulations.
Benefits, and Recognition, for Startups. Obtain recognition for your business, and reap the benefits as follows:
Startups can benefit, from incubation services, as follows:
Incubator Support, for New, and Existing Businesses, as follows:
Enabling the growth, of entrepreneurship, at the state level, as follows:
My Assam Start-up ID is abbreviated; as MASI. Under the Assam Startup Policy, MASI will allow an entity to be recognized as a startup. Following that, a startup having a MASI ID will be able to access the state’s infrastructure network and fiscal and other incentives under the Assam Startup Policy; via the Assam startup site.
Click the “Apply Now” button and fill out the form to apply for the selection process. Your application will be assessed through a three-stage screening and selection process according to the established parameters. They are following that the applicant will be notified, of their startup’s/acceptance ideas or rejection, for the final presentation.
If their business plan/idea is chosen for presentation, they will be contacted to give a presentation to multiple Selection Committee Panels. Based on the applicant’s final presentation, the startup will be accepted or denied for incubation in Assam Startup-the Nest. After being selected, the applicant will be onboarded for incubation through a pre-defined process.
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