<span style="color: #222222;">In Jammu and Kashmir, Lieutenant Governor Manoj Sinha on Sunday (3rd March 2024) launched the much-awaited 'New Jammu & Kashmir Start-up Policy- 2024-27', at the Avinya Startup Summit. He said, new Start-up Policy aims to establish J&K as one of the leading start-up ecosystems by 2027 and it is a giant leap for startups and innovators of J&K. The LG said the Policy has been meticulously drafted to establish 2 thousand startups in J&K by 2027. He said the policy aims to set up a 250 Crore rupees Venture Capital Fund, with an initial infusion of 25 Crore rupees from J&K Administration. This fund will provide crucial support for growth, early-stage financial handholding and encourage growth of viable business models.<br />''<br />'' The LG reiterated the commitment of the UT Administration to establish and empower new incubation centres, seed funding through JKEDI for developing prototype of innovative products and provide additional support to female entrepreneurs. The new policy will provide patent-related assistance, financial assistance for mentorship to recognised startups, facilitation for DPIIT registration and additional need-based support to start-ups working in diverse fields. The J&K  has 722 registered startups, with a notable focus on gender inclusivity, boasting 254 women-led startups.</span><br />