Cabinet approves Go

The Delhi government has approved the setting up of the Go-Delhi Foundation with a corpus of ₹50 crore to empower young innovators and startups, according to a statement from the Chief Minister’s Office (CMO) on Sunday.

The approval was given at a recent Cabinet meeting chaired by Chief Minister Rekha Gupta, sanctioning the fund to help turn ideas into products and take them to market.

Also Read: Delhi govt proposes cap of 2.5 lakh e-rickshaws under draft scheme

Delhi is home to nearly 21,000 startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT).

The foundation aims to promote startups, innovation and entrepreneurship in the capital while providing young people, researchers and entrepreneurs with integrated support to turn their ideas into practical products and successful enterprises.

The government has also committed an initial budget outlay of ₹50 crore for the foundation. 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, the CMO statement said.

Gupta said the foundation would help startups and micro, small and medium enterprises (MSMEs) access product engineering, prototyping, laboratories and testing facilities. It would also provide technical guidance, mentorship, incubation, business support and opportunities to connect with investors, helping turn early-stage ideas into market-ready products.

The initiative would support entrepreneurs at different stages, from product development and testing to certification preparation and market access. Its aim is to reduce dependence on scattered facilities for different needs and make it easier to establish and grow enterprises in Delhi, she added.

Government departments would be able to bring their real-world challenges to Delhi’s innovators through the foundation, 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, she added.

Also Read: Women's groups march to Delhi Police HQ, seek action over alleged assault on protesters

The foundation will also work with industry, educational institutions, investors and other partners. It will adopt a hub-and-spoke model, delivering programmes through existing facilities and partner institutions across Delhi, the statement said.

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

FM flags capital outflows as key risk for India in 2027, links equity market weakness to liquidity: Report

Govt asks Meta to ensure its recommendation systems do not expose users to a limited set of narratives

Roseate Hotels targets 30 operational properties by 2030, eyes Dubai and Europe expansion

China proposes export controls on solar-manufacturing technologies