Chandigarh: The department of industries distributed financial assistance worth ₹2.033 crore to eight startups and four incubators at the New UT Secretariat on Wednesday. Organised under the Chandigarh Startup Policy 2025, the grant distribution ceremony was attended by UT administrator Gulab Chand Kataria as chief guest.The total allocation includes ₹85.8 lakh for the eight startups and ₹1.1 crore for the four incubators. Funds will be disbursed in a phased manner through respective parent incubators as outlined in the policy guidelines.Addressing the gathering, Kataria highlighted the need for timely financial and institutional support to help emerging enterprises scale up, generate jobs, and drive regional economic growth. He urged beneficiaries to make optimal use of the policy framework.Earlier in the event, industries secretary Nishant Kumar Yadav outlined the key facets of the Chandigarh Startup Policy 2025 and explained the application process for local entrepreneurs. The ceremony brought together industrial associations, academic institutions, govt officials, public sector units, startups, and incubator teams.A UT spokesperson emphasised the administration’s plan to launch additional capacity-building programmes.“The initiative reflects the UT administration’s continued commitment towards creating an enabling environment for entrepreneurship and innovation. Going forward, the administration will undertake further initiatives to strengthen the startup ecosystem, including ideation rounds, mentorship and guidance, investor connects and other capacity-building and market-linkage initiatives,” the spokesperson said.“These efforts are aimed at creating a dynamic, inclusive and sustainable entrepreneurial ecosystem, bringing together startups, incubators, industry, investors, professionals, students and other stakeholders,” the spokesperson added.
