Chandigarh, April 9 -- Setting the wheels in motion for what could be a game changer for the entrepreneurs, UT administrator Gulab Chand Kataria has finally given a nod to the UT startup policy. The policy had been hanging in balance for the past seven years.

Under the Chandigarh startup policy (CSP-2025), financial incentives worth up to Rs.10 crore will be provided annually to support startups. They will also get other financial benefits, including subsidised rental rates, IT and quality certifications, patent filing fees, conference participation and acceleration program fees.

To boost entrepreneurship, the administration has set aside Rs.90 lakh for an annual competition. In this the top 20 startups will receive a grant of Rs.2 lakh...