Punjab govt launches ESTAC programme for startups

Punjab Chief Minister Amarinder Singh on Friday launched Enable Startup Track Acceleration (ESTAC) programme during Progressive Punjab Investors Summit-2019, with an aim to foster entrepreneurship and innovation in the state. ESTAC is a series of startup acceleration programmes created through a strategic partnership between the state government (Start-up Punjab Cell) and AIC, Indian School of Business, Mohali.

The programme focuses on supporting technology-led, scalable and investible growth stage startups in areas of government-enabled and private sector driven businesses, the state government said in a statement. The first of the series of ESTAC programme focuses on agri-tech startups, while the subsequent ones will relate to e-mobility, grain procurement, electric metering and other agricultural innovations.

It will be a six-month programme commencing from March 1, 2020. Ten selected startups will be given the opportunity to participate in the ESTAC programme and secure pilot projects with the government of Punjab.

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