we help SMEs succeed online.

Punjab’s Deputy CM Sukhbir Singh Badal announces Rs 100 crore fund for startups

Punjab’s Deputy Chief Minister Sukhbir Singh Badal, announces a startup fund of Rs 100 crore for young entrepreneurs. The Deputy chief minister also gave a call for all “born in Punjab” industrialists to invest back in their State in case they have settled out of Punjab or abroad. He said he will approach all such industrial heads in the near future and urge them to put up their units in their State of birth.

The concluding day of Progressive Punjab Summit-2015 witnessed an absorbing session on startups. The 17 innovative ideas were presented before an eminent jury comprising – K S Bhatia from Pumpkart, Dr Dinesh Dua from Nectar Life Sciences, Rajeev Rai CEO and Founder QA Source, Prof Sidharh Singh from ISB, Samar Singla from CEO Clicklabs and Parag Gopal from HDFC.

Shwetika Kumar – a Boston University alumnus presented an idea on home kits to detect cervical cancer in women at cost of $5, was hailed as major revolution in field of medical sciences. Her idea was ranked at number one by the jury of prominent industrialists. The jury while providing its critical feedback shared their life-long experiences, and adjudged “home kits for early detection of cervical cancer” as the winner.

KS Bhatia from Pumpkart strongly felt that Punjab is leading the way by focusing on developing a suitable ecosystem by promoting entrepreneurial youth of Punjab through its favorable policies in setting up a business and ensuring a strong enabling eco system.

The Finance Minister, Government of Punjab Parminder Singh Dhindsa felicitated the winners.

During the Progressive Punjab Investors Summit 2015, Invest Punjab and SACC have joined hands to showcase some of the successful Punjabi startups and provide some of the budding startups a stage to present their ideas.