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Rajasthan Startup Policy 2015

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Rajasthan startup policy 2015 was unveiled by the Rajasthan chief Minister Vasundhara Raje during the inauguration of the first edition of Rajasthan Startup Fest on 9th October 2015 at Jaipur.

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Rajasthan Startup Fest – National level startup event for boosting entrepreneurship in the state.

Rajasthan Startup Fest Organised by –

Rajasthan State Industrial Development & Investment Corporation (RIICO)
Startup Oasis, a Jaipur-based incubation centre set up by RIICO and CIIE
Centre for Innovation Incubation & Entrepreneurship (CIIE) of the Indian Institute of Management (IIM), Ahmedabad

5-Year Targets identified by the Rajasthan Startup Policy 2015:

  • 50 Incubators / Incubator-like Organizations to be established.
  • 500 innovative startups to be supported and incubated.
  • 100,000 sq ft of Incubation Space to be developed / facilitated.
  • Angel and Venture Capital of Rs 500 Cr to be mobilized for startups.
  • Development of an Innovation and Problem Solving Culture across the State.

Focus Areas of the Rajasthan Startup Policy:

  • Social and Cleantech – Rural Infrastructure & Services, Crafts, Water, Sanitation, Renewable Energy and Healthcare, including asset light models of healthcare delivery and medical devices.
  • Mobile and Information Technology, including but not limited to crowd sourcing, crowd funding, online financial services
  • Internet of Things (IoT), Electronics and Hardware.
  • IT for X’ in the areas of Garment and Crafts, Mining and SME Manufacturing and Services.
  • Disruptive ideas/Technologies in any sector

Indian Finance Minister Arun Jaitley had announced a Rs. 2,000 crore fund to support startups in the country in august 2015.