Punjab govt approves seed funding for 4 startups

In a move to give a push to boost to entrepreneurship, the Punjab government has approved seed funding of ₹3 lakh each to four startups for the first time in the state.

The startups – M/s Grainpad Private Limited from Mohali, M/s Ygeiax Sciences Private Limited from Ludhiana, M/s Earth Naturals from Sangrur and M/s Black Eye Technologies Private Limited from Ludhiana – have been cleared for seed funding after due evaluation process by the state-level committee.

Industries and commerce minister Sunder Sham Arora handed over sanction letters and cheques of seed funding to the four startups at a ceremony held by Startup Punjab at Udyog Bhawan here.