Chandigarh Startup Policy Stalls Even After 7 Years..

Chandigarh : ambitious startup policy, introduced seven years ago with the goal of transforming the city into a thriving entrepreneurial hub, has yet to gain momentum. The policy, announced in 2017, promised to provide incentives, incubation support, and financial backing to emerging businesses. However, local entrepreneurs and industry experts have voiced concerns over the lack of concrete steps in its implementation.

The startup policy aimed to promote innovation by establishing incubation centers, offering seed funding, and easing regulatory processes for new businesses. Despite these objectives, the administration has struggled to deliver substantial outcomes. Entrepreneurs cite bureaucratic delays, limited awareness campaigns, and inadequate infrastructure support as key factors behind the stagnation.

According to officials, the COVID-19 pandemic further slowed progress, disrupting planned initiatives. However, stakeholders argue that Chandigarh’s administration has failed to adapt strategies in response to changing business landscapes. Aspiring entrepreneurs seeking mentorship and funding continue to face hurdles due to unresponsive mechanisms designed to support startups.

Local business owners emphasize that Chandigarh’s strategic location and educated workforce present immense potential for fostering a robust startup ecosystem. However, without swift policy execution, the region risks losing talent to neighboring states like Haryana and Punjab, where startup initiatives have shown greater progress.

Industry experts recommend appointing dedicated officers to oversee policy implementation, improving coordination between government bodies and industry leaders, and investing in digital infrastructure to streamline processes. With the right steps, Chandigarh’s delayed startup policy could still fulfill its promise of transforming the city into a vibrant innovation hub.

For now, the city’s entrepreneurial community remains hopeful that authorities will address these issues and create an environment where startups can thrive.