Rs 1,000-crore angel fund to boost 10K start-ups in Uttar Pradesh

The Uttar Pradesh (UP) government has created an angel fund of Rs 1,000 crore to facilitate setting up 10,000 start-ups across sectors. So far, 6,800 start-up ventures come up with Noida, Ghaziabad, and Lucknow leading the pack.

According to a UP government spokesperson, incubators in fintech, education, health, agriculture, textile, and IT/IT-enabled services have been set up. The incubators aim to boost UP’s entrepreneurial talent and provide young entrepreneurs an inclusive start-up ecosystem. They will not only promote start-ups, but also give a push to mass employment opportunities and attract private investment.

Till now, 15 incubators have come up in state universities,