In a bid to boost startup ecosystem in state and country, the Bihar Industrial Area Development Authority (BIADA) will provide co-working space to startup firms at Pataliputra Industrial Estate and Udyog Bhawan in Patna.
The land was being identified at Pataliputra estate and has been allocated to develop a co-working space while 600sqft of space on the ground floor of Udyog Bhawan, Patna will be developed as an entrepreneurship lab.
Besides, the Bihar Industrial Area Development Authority(BIADA) will also provide high-speed internet services and other facilities to startups for research and other related functions.
Speaking at a review meeting on incubation centres and startups at Udyog Bhawan on Friday, BIADA’s managing director R S Srivastava said, “Chandragupt Institute of Management Patna has developed a short-term course on entrepreneurship, which will be taught to budding entrepreneurs. The State-Level Bankers Committee has also been requested to help startups secure loans from banks.”
Last year, the state government had already approved the Startup Policy and set up a Rs 500-crore fund to encourage and facilitate entrepreneurship in the state. The aim of the policy is to enable Bihar to emerge as the most preferred destination for startups and entrepreneurs. Later in the same year, it received 30 startup proposals and also launched a website — BiharStartupYatra.com — for inviting people interested in setting up ventures with government support in the state.
Notably, in a states’ ranking for ease of doing business released by Department of Industrial Policy and Promotion (DIPP), Govt of India, in June 2016 Bihar acquired the first position.