Startup JK Portal Registration 2024, Login, Track Application, Certificate

bySneha -
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Startup JK Portal registration 2024 and login process begins at https://www.startupjk.com/. It is an innovative initiative to give wings to new ideas put forward by the startups in Jammu and Kashmir. The hon'ble LG Manoj Sinha of J&K has launched Startup JK official website on 21st July 2024.  
Read this article till the end to know how to make Startup JK Portal Registration 2024 and login. This is important because only after making login at startupJK official website, you would be able to apply online for seed fund scheme and startup awards in Jammu and Kashmir. By reading this article, you can also learn about how to track application as well as how to track certificate.

Startup JK Portal Registration 2024 & Login

  • Enter name, email address, mobile no, date of birth, address of communication, PIN code, password, select gender, country, role (individual, startup, mentor, investor, incubator, accelerator etc.) and click at "Register" button.
  • Once registration process is complete, click at "Login" tab or directly click https://www.startupjk.com/investor/login
  • Upon clicking the link, Startup JK Portal Login page will appear as shown below:-  
  • Enter email ID, password and click at "Login" button.
  • Once logged in, you can apply online for seed fund scheme as well as for startup awards in Jammu and Kashmir.

Startup Recognition in Jammu and Kashmir 

  • The date of Incorporation/Registration is not prior to ten years.
  • Entity must have incorporated as Private Limited or Partnership firm or a limited liability partnership.
  • Annual turnover not exceeding one hundred crore rupees, for any preceding financial year.
  • An entity not formed by splitting up or reconstruction of an existing business.
  • Entity is working towards innovation, development or improvement of products or processes or services.
  • Scalable business model with a high potential of employment generation or wealth creation.
  • Provided Start-up must be incorporated or registered in J&K and having office in Jammu and Kashmir.

Jammu & Kashmir Seed Fund Scheme

Easy availability of capital is essential for entrepreneurs at the early stages of growth of an enterprise. Funding from angel investors and venture capital firms becomes available to startups only after the proof of concept has been provided. Similarly, banks provide loans only to asset-backed applicants. It is essential to provide seed funding to startups with an innovative idea to conduct proof of concept trials

Startups recognized by JKEDI are eligible for a one-time assistance of up to ₹20 lakhs, disbursed in 4 equal installments. This seed funding supports activities such as developing prototypes, launching innovative products or services, marketing, and scaling up ventures. The funding is provided based on the evaluation criteria outlined in the Start-up Policy operational guidelines and is subject to progress monitored by JKEDI or the concerned Incubator. All funding cases are appraised and approved by the Start-up Task Force Committee. Link to Apply Online for Seed Fund Scheme in J&K - https://www.startupjk.com/investor/login 

Credit Guarantee Scheme for Startups in J&K

The recognized startup can directly apply to the Member Institutions/Banks for the CGSS benefit. The JKEDI shall facilitate startups in connecting with Member Institutes for availing benefits under CGSS. The Member Institute shall dispose of the claim within the period of one month. Further, the guidelines issued by the Department of Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry shall be followed in this regard. For more information on Credit Guarantee Scheme Visit : CGSS

JK Startup Awards

To encourage, motivate, and recognize well-performing, potential & promising start-ups of Jammu & Kashmir, there will be an annual Start-ups competition where awards will be given to J&K successful start-ups for their contribution towards the growth of the local Start-up ecosystem. Link to Apply Online for J&K Startup Awards - https://www.startupjk.com/investor/login

Checklist for Startup Registration in Jammu Kashmir

  • Certificate of Incorporation.
  • DPIIT Startup India recognised certificate; or
  • Patent filed in the name Entity; or
  • Letter/Sanction of Funding/Grant from Government/Incubator/Investor/Accelerator etc that confirms the innovative nature of the business; or
  • One page write-up/note explaning the innovative nature of the business.

Checklist for Release of Seed Fund in J&K

  • JK Startup Recognition Certificate
  • Fund Utilization Plan Annexure - 2
  • Copies of latest Balance Sheet containing detail of Profit and Loss Accounts certified by a registered Chartered Accountant/statutory auditor.
  • Signed Shareholder Agreement and covering letter certified by a registered Chartered Accountant/statutory auditor authorizing funding.
  • Bank account registered in the name of the startup.
  • Any other documents regarding (team profile, problem statement, product/service overview, business model, customer profile, market size, quantum of funds needed).
  • Presentation containing detail of team profile, problem statement, product/service overview, business model, customer profile, market size, quantum of funds needed

Release of 1st Tranche in Startup JK Initiative

  • Signed Agreement as per Annexure.
  • Final proposed plan duly signed by promoter or its authorized signatory & Chartered accountant.
  • Cancelled Cheque containing name of entity.

Release of Subsequent Tranches in Startup Jammu & Kashmir

  • Utilization Certificate of the initial tranche.
  • Interim Progress Report.
  • Presentation.
  • Proposed plan duly signed by promoter or its authorized signatory & Chartered accountant for next tranche.

Track Application at StartupJK Portal

  • Enter Tracking ID, select role to track as either individual or startup or mentor or incubator etc. and click at "Track" button to get Startup JK application status.

Track Certificate at Startup Jammu and Kashmir Portal

  • Enter Registration ID and click at "Track" button to track certificate through Startup JK portal.

About Jammu and Kashmir Startup Policy 2024

The Government of Jammu and Kashmir recognizes the importance of start-ups in driving innovation and economic growth.The policy envisages tonurture and inspire the young and entrepreneurial brains of Jammu and Kashmir to pursue innovation & entrepreneurship there by creating a vibrant and robust Start-up ecosystem in Jammu & Kashmir.This policy outlines the measures and initiatives aimed at fostering a supportive environment and creating conducive start up ecosystem in Jammu & Kashmir. The Jammu & Kashmir Entrepreneurship Development Institute (JKEDI) shall be the Nodal Agency for the implementation of this Policy.

Objectives of J&K Startup Policy 2024

The policy aims to achieve the following objectives:-
  • Establish Jammu & Kashmir as one of the leading Start-up ecosystems in India by 2027.
  • Empower incubation centres, tinkering labs and innovation cells of Government/ Private with optimum resources in terms of funds, mentors and partners. 
  • Engage with entrepreneurs ,mentors, investors and catalysts through various interventions, tie ups and scheduled events. 
  • Enrich entrepreneurs through the means of institutions and enable them to access to various education programs that would scale Start-up performance (Pre-Incubation, Incubation, Acceleration etc.) 
  • Establish new incubation centres across Jammu and Kashmir with state-of-the-art facilities.
  • Support the Start-ups in attracting investments and other various initiatives to access market globally & domestically. 
  • Facilitate set up of at least 2000 new Start-ups in Jammu & Kashmir in the next 5 years.
  • Institutionalize incubations that are specific to nurture grass-root innovation and support prototyping. 
  • Encourage Startups /incubators that are aligned to focus sectors/industries identified by the Government of Jammu & Kashmir.
  • Jammu & Kashmir would provide additional support to female entrepreneurs, entrepreneurs with disabilities and entrepreneurs belonging to third gender.
Download from Here - J&K Startup Policy 2024 PDF

Check Vision of Startup JK Mission - https://www.startupjk.com/welcome/vision
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