Industries and Commerce Minister Aman Arora launched the second edition of the Punjab Investor Circle to strengthen the state's startup ecosystem.
Industries and Commerce Minister Aman Arora disbursed Rs 1.17 crore in seed grants to 28 startups on Wednesday. The disbursement took place during the launch of the second edition of the Punjab Investor Circle, according to The Tribune.
Arora stated that the state's startup ecosystem has grown from 36 startups in 2021-22 to 404 in 2026. During this period, Rs 6.8 crore in seed funding was disbursed to 222 startups.
The minister noted that Punjab currently hosts hundreds of startups across sectors including IT services, healthcare, life sciences, agriculture, food and beverages, and education. He added that 50 per cent of these are led by women directors.
Addressing entrepreneurs and investors, Arora said the platform, which was first launched in July at INST, Mohali, serves as a commitment to building a regular bridge between startups and capital.
