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Assam clears ₹397 crore startup policy, and launches ₹10 crore capital venture fund for innovation

Assam clears ₹397 crore startup policy, and launches ₹10 crore capital venture fund for innovation
Assam Startup Policy

SUMMARY

The Assam Startup and Innovation Policy 2025-30 has been approved by the Assam Cabinet. With a total financial impact of ₹397 crore, this policy will transform the economic outlook of the state because it will offer extensive and well-rounded assistance to the rapidly growing startup ecosystem in the state. Chief Minister Himanta Biswa Sarma announced the decision after a Cabinet meeting in Lok Sewa Bhawan on a Sunday recently, and with other radical changes in regard to education and sports.

Dedication and Cabinet approval

The purpose of the ambitious objective highlights the efforts of the state government to develop a dynamic business climate that cultivates creativity and commercial viability from the beginning. Incorporating ₹397 crore in the ecosystem, the policy will become central to the creation of a truly dynamic and sustainable startup environment in the state.

The magnitude of the financial support is indicative of a long-term vision that extends beyond just the startup assistance. It forms a multi-tiered funding system that is geared towards supporting startups throughout the most crucial developmental stages.

The dedication is an acknowledgement by the state leadership that, for the flourishing of any robust ecosystem, financial support has to be steady and proportional to the growing demands of innovative progression, whether it is an idea or a full-scale commercialization. The policy will provide a powerful support that will cover the entire startup process, which will begin with the early stage of ideation and run the entire journey until its last stage, the commercial funding.

Other important decisions concerning education and talent recognition were approved during the Cabinet meeting. In an effort to encourage quality higher education in Upper Assam, the Cabinet passed the formation of Su-Ka-Pha University. This university will be constructed as a fully green field university in the Charaideo district, which implies a new, clean-cut campus of development.

The Cabinet passed long-awaited reforms concerning assistant professors and librarians of government and autonomous colleges under the Career Advice Scheme (CAS). Following this progressive move, promotions will now become effective on the first date of eligibility and not on the date of notification, which was already proposed by the Assam College Teachers Association (ACTA). In appreciation of sporting performance, the Cabinet declared a handsome cash prize of ₹25 lakh to a cricketer, Uma Chetry, who has achieved exceptional results in the recent Women’s World Cup.

Critical funding and financial framework

The Assam Startup and Innovation Policy 2025-30 carefully defines five levels of financial support, with capital injection being infused where it is required most. These hierarchical grants and funds are uniquely designed to support the diverse financial needs of the startup lifecycle.

The first stage of support deals with the development of the concept, wherein an ideation grant of up to ₹10 lakh is provided. This application is aimed at assisting novice entrepreneurs to develop their ideas, conduct primary market research, and organize their business plans, which reduces the initial risks linked to the transformation of the idea into a scheme.

The policy follows ideation and gives a significant uplift to proof-of-concept and physical product development. A prototype development grant of up to ₹25 lakh will be available to the startups. This capital is necessary to bring validated ideas to a reality of minimum viable products. In ventures that are more complex in nature, and which are dependent on more complex scientific or engineering principles, a specialized grant of technological startup of up to ₹40 lakh is provided by the policy. This increment in allocation is a recognition of the higher cost involved when dealing with advanced technological research and intense development cycles.

The seed funding of up to ₹50 lakh is the next support given to a startup after it has demonstrated its technology and product-market fit. Seed funding is intended to help the early operation scale, first market entry, and expansion of the team to effectively bridge the developmental grant and outside funding.

At the top of this comprehensive financial structure is the capital venture fund of up to ₹310 crore. This large investment is to be made in high-potential, high-growth startups that need lots of capital to expand quickly, penetrate new markets, or make massive expansions. This is a provision that will enable successful ventures developed in the state to receive the required financial support in order to compete successfully at a national and even global level, which is the aim of the policy of turning Assam into an innovation hub.

Conclusion

The acceptance of the Assam Startup and Innovation Policy 2025-30, supported by a ₹397 crore financial blueprint, is a clear and multi-level investment by the Assam government to make it an innovation hub. The policy creates a multi-tiered funding system that features a 5-tier system that includes: an ideation grant of ₹10 lakh, a capital venture fund of ₹10 crore; this, in fact, enables the start-ups to have the strength and support they require to emerge. Combining those important advances in the higher education system with an emphasis on local talent identification, this policy will prove to be a critical trigger in achieving the vision of the Chief Minister to make Assam one of the most preferred innovation and entrepreneurship centers of India in five years.

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