About Company

Government of Madhya Pradesh has developed a policy for providing assistance to Startups/ Innovation. Under this scheme, any individual/ group of individuals having innovative idea/ Concept will be eligible and/ or Universities/ education institutions, Incubation Centre/ PSUs/ R&D Institutions/ Private and other establishments will be eligible as an institution to support and mentor to innovators as approved by Committee. Startups in an economy’s technology sectors are an important indicator of technological performance for several reasons.

Madhya Pradesh government has worked diligently over the past decade to develop the state as an industrial hub and promote it as a potential investment destination. Micro, Small & Medium Enterprises (MSME) is known as engine of economic growth and for promoting equitable development. To strengthen them Department of Micro, Small & Medium Enterprises (MSME) was formed on 5 April, 2016. The aim of MSME Department is to make such policies for MSMEs to make competent as well as develop them. MSME department help MSMEs to promote socio-economic growth and employment opportunity in MP. By promoting rural entrepreneurship the department promote the rural economy and hence empower rural people in general and rural women in particular. It also provide access to credit, technology and local as well as global market for MSMEs. It also develop clusters to provide common minimum facility to MSMEs. Through Self-employment schemes it encourage youth to establish their enterprise at their home town/village. The state government has made an investment of more than $15.4 billion in support infrastructure in the last five years. Over the last decade Madhya Pradesh has witnessed a radical transformation in terms of economic and social development. The same is attributable to stable government, supplemented by creation of a robust support infrastructure in terms of roads, water supply, irrigation capacity and a 24×7 power supply.