Punjab Unveils First Startup Conclave at LPU, Disburses Seed Grants
The state signaled sustained financing for entrepreneurs with a pledge that funding will not be a constraint to turning youth into job creators.
Overview
- Chief Minister Bhagwant Singh Mann inaugurated the Startup Punjab Conclave at Lovely Professional University in Kapurthala.
- More than 100 startups joined the event alongside over 15 incubators and several support organisations, investors, industry leaders, academicians and policymakers.
- Seven startups received seed grants of Rs 3 lakh each, and one startup received Rs 1.20 lakh as lease rental assistance.
- Mann highlighted the Industrial and Business Development Policy 2022, a focus on women-led and first-generation ventures, and support for sectors including agriculture, health, education and administration.
- The conclave served as a state-backed platform for networking and collaboration, with the chief minister urging youth to 'update and create' and dignitaries such as Sanjeev Arora, Raj Kumar Chabbewal and Ashok Mittal in attendance.