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Himachal Pradeshbanking-financial-services-and-insurance

Chief Minister’s Startup/innovation Projects/new Industries

The HP CM Startup Scheme aims to turn the educated youth from job seekers to job creators. This scheme will give support to the “Startup” and Innovation Projects in the state and will provide skills to the youth and potential investors to develop entrepreneurship.

Ministry / Department
Labour and Employment Department, Himachal Pradesh
Level
State
Benefit type
other
Last verified: Recently

What is Chief Minister’s Startup/innovation Projects/new Industries?

The HP CM Startup Scheme aims to turn the educated youth from job seekers to job creators. This scheme will give support to the “Startup” and Innovation Projects in the state and will provide skills to the youth and potential investors to develop entrepreneurship.

Benefit
Benefits Rs. 25,000/- per month will be provided to the innovation projects as sustenance allowance for one year whose project is recommended by the Host Institution and approved by the Empowered Committee. The incubation center will provide support to the startups and innovation projects by providing mentoring services, and access to their labs, facilities, etc. on a free-of-cost (FOC) basis. Marketing/commercialization assistance of a maximum of Rs. 10 lahks will be provided to the innovation project to launch its products/services in the market. Patent Filing Cost: The cost of filing and processing patent applications will be reimbursed to the incubated startup companies subject to a limit of Rs. 2 lakh (0.2 million) per Indian patent awarded or actual cost incurred, whichever is less. For awarded foreign patents on a single subject matter, up to Rs. 10 lahks (1 Million)or the actual cost incurred, whichever is less would be reimbursed. The reimbursement will be done in 2 stages, i.e., 75% after the patent is filed and the balance 25% after the patent is granted. This incentive shall be routed through the incubator concerned.
Level
State — Himachal Pradesh
Ministry / Dept.
Labour and Employment Department, Himachal Pradesh
Benefit type
other
Key eligibility
**Definitions** 1. Startup/New Industries means any entity, Proprietor, Limited Company, registered partnership firm under Indian Partnership Act 1932, or Limited Liability Partnership, proposing to set up an enterprise in a micro or small scale category in the services sector relating to the focus
Last verified
Recently

Benefits

Benefits Rs. 25,000/- per month will be provided to the innovation projects as sustenance allowance for one year whose project is recommended by the Host Institution and approved by the Empowered Committee. The incubation center will provide support to the startups and innovation projects by providing mentoring services, and access to their labs, facilities, etc. on a free-of-cost (FOC) basis. Marketing/commercialization assistance of a maximum of Rs. 10 lahks will be provided to the innovation project to launch its products/services in the market. Patent Filing Cost: The cost of filing and processing patent applications will be reimbursed to the incubated startup companies subject to a limit of Rs. 2 lakh (0.2 million) per Indian patent awarded or actual cost incurred, whichever is less. For awarded foreign patents on a single subject matter, up to Rs. 10 lahks (1 Million)or the actual cost incurred, whichever is less would be reimbursed. The reimbursement will be done in 2 stages, i.e., 75% after the patent is filed and the balance 25% after the patent is granted. This incentive shall be routed through the incubator concerned.

Eligibility

**Definitions** 1. Startup/New Industries means any entity, Proprietor, Limited Company, registered partnership firm under Indian Partnership Act 1932, or Limited Liability Partnership, proposing to set up an enterprise in a micro or small scale category in the services sector relating to the focus Area: Himachal PradeshBenefit: other

Documents Required

    How to Apply

    1. Step 1: Online application — step 1

      Steps to process

    2. Step 2: Online application — step 2

      Firstly visit the official website at https://startuphimachal.hp.gov.in/ At the homepage, scroll over the “Account” section present in the main menu and then click at the Register button. Now fill out the online registration form. Register as a startup, mentor, or incubator, then enter full name, email ID, mobile number, and password and click at the “Register” button. Login here using the same method of credential Then the HP CM Startup Scheme Login page will appear with the email ID, password, and verification code,

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

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