MoU Signed to Boost Jammu & Kashmir's Startup Ecosystem
29 Jan 2025
2 Min Read
CW Team
The Department for Promotion of Industry and Internal Trade (DPIIT) and the Jammu & Kashmir Entrepreneurship Development Institute (JKEDI) have signed a Memorandum of Understanding (MoU) to enhance collaboration and support for startups in the region.
The MoU was signed during the "Jammu Kashmir Konnect," a special program aimed at fostering innovation and growth among startups, incubators, and other stakeholders. The event, held at JKEDI's Baribrahamna campus, provided a platform for discussing challenges, opportunities, and future strategies for strengthening the startup ecosystem in Jammu & Kashmir (J&K).
The partnership between DPIIT and JKEDI focuses on providing greater access to the Startup India ecosystem, offering mentorship, knowledge exchange, infrastructure support, and expanding market and funding networks. The collaboration aims to support J&K's entrepreneurs in scaling their businesses locally and internationally, contributing to India's vision of becoming a developed nation by 2047.
As part of the event, one-on-one interactions were held between DPIIT and JKEDI directors with incubators, who discussed their needs and the challenges they face. The session also allowed incubators to share insights and seek policy support to strengthen the startup ecosystem in the region.
A key highlight of the event was the progress of the JK Startup Policy, launched in March 2024, which has already seen the registration of over 250 startups, bringing the total to nearly 988 on the DPIIT portal. The policy's outreach has been substantial, with 601 Entrepreneurship Awareness Programs (EAPs) conducted across universities, colleges, IITs, and schools in 20 districts of J&K鈥攚ithout incurring any costs.
The MoU signing marks a significant milestone for J&K's startup ecosystem, offering entrepreneurs access to the resources and support needed to succeed. The event saw the participation of key leaders from IIT-Jammu, IIM-Jammu, Jammu University, and other regional institutes, with several others joining virtually from institutions like NIT-Srinagar and SKUAST-Kashmir.
This collaboration is expected to foster a thriving, dynamic startup ecosystem in Jammu & Kashmir, providing crucial infrastructure, funding, and mentorship for the region's aspiring entrepreneurs.
The Department for Promotion of Industry and Internal Trade (DPIIT) and the Jammu & Kashmir Entrepreneurship Development Institute (JKEDI) have signed a Memorandum of Understanding (MoU) to enhance collaboration and support for startups in the region.
The MoU was signed during the Jammu Kashmir Konnect, a special program aimed at fostering innovation and growth among startups, incubators, and other stakeholders. The event, held at JKEDI's Baribrahamna campus, provided a platform for discussing challenges, opportunities, and future strategies for strengthening the startup ecosystem in Jammu & Kashmir (J&K).
The partnership between DPIIT and JKEDI focuses on providing greater access to the Startup India ecosystem, offering mentorship, knowledge exchange, infrastructure support, and expanding market and funding networks. The collaboration aims to support J&K's entrepreneurs in scaling their businesses locally and internationally, contributing to India's vision of becoming a developed nation by 2047.
As part of the event, one-on-one interactions were held between DPIIT and JKEDI directors with incubators, who discussed their needs and the challenges they face. The session also allowed incubators to share insights and seek policy support to strengthen the startup ecosystem in the region.
A key highlight of the event was the progress of the JK Startup Policy, launched in March 2024, which has already seen the registration of over 250 startups, bringing the total to nearly 988 on the DPIIT portal. The policy's outreach has been substantial, with 601 Entrepreneurship Awareness Programs (EAPs) conducted across universities, colleges, IITs, and schools in 20 districts of J&K鈥攚ithout incurring any costs.
The MoU signing marks a significant milestone for J&K's startup ecosystem, offering entrepreneurs access to the resources and support needed to succeed. The event saw the participation of key leaders from IIT-Jammu, IIM-Jammu, Jammu University, and other regional institutes, with several others joining virtually from institutions like NIT-Srinagar and SKUAST-Kashmir.
This collaboration is expected to foster a thriving, dynamic startup ecosystem in Jammu & Kashmir, providing crucial infrastructure, funding, and mentorship for the region's aspiring entrepreneurs.
Next Story
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..