startup.bihar.gov.in Register for Startup

Organisation : Startup Bihar
Service Name : Register for Startup Bihar
Applicable States/ UTs : Bihar
Home Page : http://startup.bihar.gov.in/
Register Here : http://startup.bihar.gov.in/

Register for Startup Bihar

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Bihar Startup Policy

1. Bihar is progressing fast on the track of development, with unrelenting efforts being made towards strengthening infrastructure and promoting industrial growth.

Government of Bihar is committed to improve competitiveness of the state’s economy and achieving inclusive growth. This can be realized by promoting innovation and creating an ecosystem that nurture startups from concept to commissioning.

2. Bihar has the advantage of a demographic dividend given the high proportion of youth in its population; there are limited employment opportunities for them to make productive economic contribution.

Youth grow in a job-oriented society where entrepreneurship is not seen as a career option. Moreover, the current educational system is designed in a manner that places limited emphasis on entrepreneurship.

Objectives

** Introduce, promote and encourage entrepreneurship education and career amongst the youth through various programs like “Udyami Bihar, Samridh Bihar Campaign”, Entrepreneurship Awards, Innovation Challenges and Business Plan Competitions etc.

** Facilitate development of Entrepreneurship Development Centers in Divisional Towns and Nagar Nigam(s);and Entrepreneurship Facilitation Centers to increase awareness and promote entrepreneurship amongst the youth.

** Create a sector-agnostic policy, enabling innovation in any and all possible sectors of development focusing upon : initiatives that leverage natural resources and human capital of the State, innovative and disruptive ideas with huge growth potential and initiatives in the areas which create multiplier impact.

What is Startup in Bihar

Startup means an entity, incorporated or registered in Biharnot prior to five years with an annual turnover not exceedingINR25Cr. in any preceding financial year, working towards innovation, development, deployment or commercializationof new products, processes or servicesdriven by technologyor intellectualproperty.

a. Provided also that an entity shall cease to avail further benefits under this policy if its turnover for the previous financial years has exceededINR25 Cr. and/ or it has completed 5 years from the date of incorporation/ registrationunless the context otherwise stated;

b. Provided that such entity is not formed by splitting up, or reconstruction, of a business already in existenceand should not have been formed by the demerger or reconstitutionof a business already in existence

Yes to Startup

Promoting Awareness “Udyami Bihar, Samridh Bihar Campaign” and Facilitating Networking Platform for Startups :
Bihar hasthe advantage of a demographic dividend given the high number of youth in its population and there are limited employment opportunities for them to make productive economic contribution.

Youth in India grow in a job-oriented society where entrepreneurship is not seen as a career option. Moreover, educational system is designed in a manner that places limited emphasis on entrepreneurship.