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Delhi Cabinet clears plan to create ₹50-cr. corpus for start-ups

Delhi Cabinet clears plan to create ₹50-cr. corpus for start-ups

Posted on October 18, 2026 By admin


The Delhi government has approved the setting up of the Go-Delhi Foundation, an initiative aimed at promoting startups, innovation and entrepreneurship in the capital. The foundation will provide young people, researchers and entrepreneurs with integrated support to turn their ideas into practical products and successful enterprises, the Chief Minister’s Office (CMO) said in a statement on Sunday. It will have an initial budgetary outlay of ₹50 crore.

The Cabinet, chaired by Chief Minister Rekha Gupta, recently approved the foundation and sanctioned funds to help turn ideas into products and bring them to market.

Chief Minister Rekha Gupta said the initiative is an important step towards bringing together Delhi’s existing entrepreneurial capabilities, educational institutions and research facilities. “Delhi has nearly 21,000 start-ups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT). Through the Go-Delhi Foundation, these resources will be brought together on a common platform, with a focus on developing new enterprises, attracting investment and creating employment opportunities,” she said.

The foundation will help startups and micro, small and medium enterprises (MSMEs) access product engineering, prototyping, laboratory and testing facilities. It will also offer mentorship and support entrepreneurs at different stages, from product development and testing to certification preparation and market access, Ms. Gupta said.

The foundation will be established as a not-for-profit company under Section 8 of the Companies Act, 2013, and function under the Delhi government’s Department of Industries.

Real-world solutions

Government departments will be able to bring their real-world challenges to Delhi’s innovators through the foundation, Ms. Gupta said. Products and technologies developed to address these challenges could be tested through pilot projects, with successful solutions taken forward for adoption.

“This would give government departments an opportunity to access new technologies and practical solutions, while allowing startups to demonstrate the usefulness of their products. The initiative would seek to strengthen collaboration among the government, industry, educational institutions and innovators,” the CMO statement said.

Published – October 19, 2026 01:13 am IST



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