Chandigarh: With an aim to give further impetus to entrepreneurship and innovation in the state, the Startup Punjab Cell has signed a Memorandum of Understanding (MoU) with the Punjab State Council for Science & Technology (PSCST) during a ceremony organized at Udyog Bhawan here. 

Secretary-cum-Director Industries & Commerce Sibin C, who is also the State Startup Nodal Officer, signed the MoU on behalf of Startup Punjab, while Executive Director Dr Jatinder Kaur Arora signed on behalf of the Punjab State Council for Science & Technology. 

Startup Punjab and Punjab State Council for Science & Technology have pledged to work together to further facilitate startups by extending their respective institutional expertise in terms of network, relationships, technology, knowledge, and management aspects towards strengthening the Punjab entrepreneurship ecosystem. 

“Punjab has a rich tradition of entrepreneurship that dates back several decades, and Punjabis have gone on to establish strong businesses in different sectors such as agri and food processing, textiles, pharmaceuticals, IT/ITeS, steel, manufacturing, etc,” said Sibin C.

Executive Director PSCST Dr Jatinder Kaur Arora said, “Punjab State Council for Science & Technology has always stood by the budding entrepreneurs and innovators in Punjab and supported them in giving wings to their startup ambitions. This partnership with Startup Punjab will provide R&D and technical linkages for helping startups develop prototypes as well as for providing Patent support to entrepreneurs.”

 It is worth noting that Startup Punjab Cell is continuously working to boost Punjab’s startup ecosystem through various workshops, boot-camps, and partnerships. To encourage entrepreneurship in the state, Startup Punjab offers various fiscal incentives such as seed funding, interest subsidy, lease rental subsidy as outlined in Industrial and Business Development Policy (IBDP), 2017. /BI/

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