In Jammu and Kashmir, the administration has identified 10 different sectors, which will be given special attention under the new Start-up Policy 2024-27. Akashvani Jammu Correspondent reports that these 10 sectors include food processing and allied activities, agriculture and allied sectors including horticulture and floriculture, handicrafts and handloom, education, healthcare and pharmaceuticals, textile, apparel and fashion technology, renewable energy, electronics system design and manufacturing, information technology enabled services, tourism and adventure sports and environment protection and green technology.

As per the policy, the government will create a Technical Support Unit in JKEDI to orchestrate networking activities between various start-up ecosystem players such as start-ups, accelerators, incubators, angel investors, corporates, venture capitalists and other necessary stakeholders. The TSU shall provide necessary support and assistance in appraising incentive cases, collaboration with VCF’s and successful implementation of this policy. The government has also decided to create a feedback mechanism to get insights into challenges being faced by the start-ups. The UT Government will create quarterly feedback mechanisms from start-ups, mentors, incubators and other related stakeholders on its portal. As per policy, the start-ups coming up in different sectors will get assistance and funding from the government to thrive. Pertinently, the UT administration has targeted to establish J&K as one of the leading start-up ecosystems in India by 2027. Under the policy, the administration has targeted to set up at least 2000 new start-ups in J&K in the next five years.