First student startup fund has Rs 200 crore

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  • Gujarat government has come up with India's first student startup and innovation policy, which aims to provide Rs 200 crore in the form of grants to ideas developed by them.
  • The policy aims to support over 1,000 innovation per year and create pre-incubation support in all universities of the state.
  • Under the pre-incubation support, it would help convert ideas of students from proof of concept (PoC) upto minimum viable proto-type (MVP), besides providing support for patent filing.
  • Under the policy, Gujarat government would provide Rs 200 crore as State Innovation Fund during the next five years, of which Rs 100 crore will be allocated by the state government and the remaining amount will be created by internal sources, like university funds and CSR funds.
Quick Question for Bank PO/ IBPS Exams 2016-17:
Which state's government has come up with India's first student startup and innovation policy, which aims to provide Rs 200 crore in the form of grants to ideas developed by them?
- Gujarat. 

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