Context:

=> The Madhya Pradesh Start-up Policy was launched by PM Modi during the Madhya Pradesh Start-up Conclave that was being held in Indore on the 14th of May 2022.

• The launch was done by the PM via video conference.

What other launch was done by the PM?

• The Madhya Pradesh Start-up portal was also launched by the PM.
• This portal will help facilitate and promote the start-up ecosystem of the state.
• During the launch, the PM also interacted with the start-up entrepreneurs.

What is the aim of Madhya Pradesh’s Start-up Policy and Implementation Plan – 2022?

• The government of Madhya Pradesh has launched this with the aim of promoting start-ups in the state and encouraging the state’s budding entrepreneurs.
• This policy has been developed with the objective of strengthening and bringing the entrepreneurial ideas of the state’s youth to reality.
• A slew of events across the state has been planned by the state government to generate awareness about this new start-up policy.

How many start-ups are running in Madhya Pradesh?

=> In the state, there are 1,937 start-ups that have been recognized by the government and out of these 45 per cent are being run by women.

What is the Start-up centre?

=> In the new start-up policy, there is a concept of “MP Start-up Centre.”

=> This centre will have a dedicated office, a mentor as well as experts for every start-up, who will be helping the start-up community of the state to grow.

Who were the participants of the Madhya Pradesh Start-up Conclave?

At this event, government policymakers, mentors, entrepreneurs, innovators, investors, academicians, and various other stakeholders took part. A Start-up Expo was also displayed at the conclave that displayed new innovations and trends.

What events were organized at the Start-up Conclave?

• In this conclave, various events were organized such as a speed mentoring session where the start-ups had a dialogue with the leaders of various educational institutions as well as those from the start-up environment.
• There were events on how to start a start-up where start-ups were guided by various policymakers.
• There were funding sessions where the entrepreneurs learnt about various funding methods.
• Pitching sessions were also conducted where the start-ups pitched their ideas to the investors.
• An ecosystem support session was conducted where the participants learnt about brand value and the promotion of start-ups.

By: ASRAF UDDIN AHMED