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Delhi into startup vacation spot

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Delhi government is at an advanced stage of rolling out a startup policy being developed after consultations with leading entrepreneurs. Chief minister Arvind Kejriwal said this while addressing The IndUS Entrepreneurs (TiE) global summit where he also shared his government’s efforts in building a comprehensive framework and turning the capital into a global startup destination. Under the startup policy, collateral-free loans would be provided and a dedicated helpline would be established. Startups would be able to use the government’s doorstep service by dialing 1076 and get a chartered accountant’s or lawyer’s help in incorporating a company from their home or office. Reforms would be initiated to have a single-window for all interactions with government departments. Opportunities would be given to showcase innovations through hackathons and startup challenges to investors in India and across the world.

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