New startup policy based on talks with stakeholders

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How does the program work?

The Delhi city-state has kicked off a consultation process to draft a new startup policy with industry leaders and entrepreneurs, with the goal of making Delhi their preferred destination for startups.

Timeline

Aug. 8, 2020: The Delhi government kickstarted the consultation process for drafting a policy.

Detailing the outline of the process of drafting the policy, the official statement for the launch of this process laid out a two-stage process for consultations: 1) inviting inputs from industry leaders, entrepreneurs, and policy experts followed by seeking of public opinion; and 2) the Delhi government will then release the draft start-up policy and launch an online forum to seek inputs from the general public

Monitoring + Evaluation Methods

Making the national capital one of the top 5 start-up destinations in the world.

“The objective of the draft policy is to support entrepreneurs and build a robust economic and policy infrastructure that will create new jobs and bring new competitive dynamics into the current economic system,” read a statement released by the chief minister’s office on August 8, 2020.

What lessons can be learned?

Welcoming the initiative, Rajan Anandan, Managing Director of Sequoia Capital said, "The National Capital Region (NCR) is already the largest start-up region in India and within NCR, Delhi has the most number of start-ups. The discussion was very good with many points raised on what will take Delhi''s start-up ecosystem to the next level.”

Notes + Additional Context

In the inaugural meeting with stakeholders, Minister Kejriwal cited a September 2019 TiE report claiming the Delhi region had over 7000 start-ups and that valuation of the city’s start-ups is about $50 billion. Via an official statement, he also highlighted that the report also states that the Delhi-NCR region has the potential to become by 2025 one of the top five global start-up hubs with an expected 12,000 start-ups, 30 unicorns, and a cumulative valuation of about $150 billion.

CURATED BY

Cristina Fernandez

Director for Knowledge + Programming
Global Entrepreneurship Network
United States