StartupJK

Encouraging Talent

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.

The startup should be a recognized under J&K Startup Policy.
The entity must have all applicable trade-specific registrations (example: FSSAI, MSME, GST Registration, etc.)
There should not have been any default in the last three years by the entity or any of its promoters or any of their group entities.
The entity must submit audited financial statements (balance sheet, profit loss account) for the last three financial years. In case the Startup is less than 3 years old, all available financial statements are required. Startups which are less than a year old and do not have audited financials, will be exempted from this requirement. In case of non-availability of audited financials for last year, provisional statements issued by Chartered Accountant may be provided.

Each category from winners will be awarded a Certificate of Recognition and cash prize of ₹ 50,000 for 1st position, ₹ 30,000 for 2nd position, and ₹ 15,000 for 3rd position every year on National Start-up Day i.e., 16th January.

The approval committee has following members.

S NO.	Committee Member	Position
1	Director, JKEDI/Nodal Officer J&K Startup Policy	Chairman
2	Representative(s) from Incubator(s) / Innovation Cell(s) - Member to be nominated by the Nodal Agency (Two from Jammu & Two from Kashmir) in rotation.	Member
3	Representative from DPIIT/Startup India	Member (optional/Virtual)
4	Representative from Chamber of Commerce/Industrial Associates	Member
5	President J&K Startup Association	Invitee Member
6	Leading business Woman	Invitee Member
7	In-charge CIIBM, JKEDI	Member Secretary
8	Experts from Government, academia, Investors, Industrialists and think tanks may be co-opted as and when required.	Optional Members

The Startup Task Force(STF) committee has following members.

S NO.	Committee Member	Position
1	Administrative Secretary, l&C Department	Chairman
2	Director, JKEDI	Member Secretary
3	Spl./ Additional Secretary, I & C Department	Member
4	Representatives from incubators	Member
5	J&K Diaspora experts working in multinational companies	Invitee Member
6	Representative from the Leading Start-ups/Incubators of India	Invitee Member
7	Leading Investor (Venture Capital Firm/Angel Investor) from J&K	Invitee Member
8	A Leading Startup from J&K	Invitee Member
9	Experts from Academia, Government, Investors, Industrialists and think tanks may be coopted as and when required	Optional Member

Participation in the J&K Startup Awards is voluntary.
Startups who have been declared winners under any sector/sub-sector or category in any of the previous editions of the J&K Startup Awards will not be eligible. However, the finalists of the previous editions may apply.
One startup can nominate itself in maximum 2 categories.
By participating in the J&K Startup Awards, the startups agree to the Government of J&K and its partner’s use of its name, URL, photos, and videos for promotional purposes on its website and other promotional material.
Any false information provided within the context of J&K Startup Awards by any entity concerning identity, mailing address, telephone number, email address, ownership of right, or non-compliance with these rules or any terms and conditions or the like may result in the immediate elimination of the entity from the awards process.
The decisions of the committee constituted and the Nodal Agency shall be final and binding.
Government of J&K reserves the right at its sole discretion to cancel, terminate, modify, or suspend the J&K Startup Awards or not award any entity in any of the categories. JKEDI further reserves the right to disqualify any candidate/entity that tampers with the submission process, commits fraud or is in violation of criminal and/or civil laws.
Allowances shall not be paid to any entity for travel or presentation before Committee.