Bihar IT Minister hands over office space to 10 startup companies

Patna, April 7 (IANS) Bihar Information and Technology Minister Krishna Kumar Mantu inaugurated office spaces for 10 new IT startups and handed them over to young entrepreneurs free of cost at Biscomaun Tower, providing a fresh boost to the startup ecosystem in Bihar.

The spaces, located on the 9th and 13th floors, were handed over to young entrepreneurs in a symbolic key-handover ceremony.

These companies are Hiprotech India Technology Pvt. Ltd., Green Stark Electronics Pvt. Ltd., Flow APIs Pvt. Ltd., Sevacity Technology Pvt. Ltd., Skaas Technologies Pvt. Ltd., Ostomverse Innovation Pvt. Ltd., Momentum Plus Online Technology, Polytropic System Pvt. Ltd., Makasa Industries Pvt. Ltd. and HPF Venture India Pvt. Ltd.

Under the Bihar IT Policy-2024, the government offers a host of incentives to budding entrepreneurs, including Capital Investment Subsidy, Interest Subsidy, Lease Rental Subsidy, Electricity Bill Subsidy and Employment Generation Subsidy.

"Providing employment to Bihar’s youth is our top priority. To achieve this, we must empower and promote startups across the state," Mantu said while addressing the gathering.

The state government is offering startups more than just financial support. Free office space for the first six months - extendable based on performance - is provided to eligible IT startups.

These spaces come fully equipped with cabins and workspaces, air conditioning, high-speed internet connectivity, reception and security services, housekeeping, parking and cafeteria facilities and dedicated elevator access.

This initiative is part of a larger push to turn Bihar into an emerging IT destination. So far, 13 startups have already benefited from this scheme, and the recent addition of 10 more takes the momentum forward.

IT Secretary Abhay Kumar Singh, present at the event along with Special Secretary Arvind Kumar Chaudhary, emphasised that the government is committed to long-term support.

“These early-stage companies need the right environment to grow, and we are offering just that. Our review-based extension policy ensures that resources are allocated to performing ventures,” he said.

The event concluded with a vote of thanks by Special Secretary Arvind Kumar Chaudhary, highlighting the government’s dedication to transforming Bihar into a startup-friendly, tech-enabled economy.

--IANS

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