J-K plans to set up incubator for cybersecurity-related startups


Jammu and Kashmir administration is planning to set up a dedicated incubator for cybersecurity-related startups to promote local industries.

Under its recently launched Cyber Security Policy, the administration will also outsource relevant research and development projects to the corporate sector. It is also mulling to provide special fiscal and non-fiscal incentives to cybersecurity firms operating in the union territory (UT) according to the prevailing government policies.

”The government of J-K shall set up a dedicated incubator for cyber security related startups. The UT shall also develop a venture capital model to provide assistance to first generation entrepreneurs, startups and small and medium-sized enterprises (SMEs) operating and intending to enter in this field (cybersecurity),” the policy document said.

Jammu and Kashmir would endeavour to conduct Cyber Security Expos to showcase the advantages of the indigenously developed products by SMEs and Startups, it said.

”This will ensure a platform for cybersecurity enthusiasts to interact and discuss the latest developments across the globe,” the document read.

It said the government would award a certain number of cybersecurity contracts every year to SMEs incorporated in Jammu and Kashmir and devise a mechanism to ensure transparency in the allotment procedure.

”To boost the local industry, special fiscal and non-fiscal incentives will be given to firms operating in Jammu and Kashmir as per the prevailing policy(ies) of the J-K government,” it said.

”Startups Incorporated in Jammu and Kashmir will be provided access to government applications to showcase their product as proof of concept (PoC). These projects may be converted into full-scale government contracts, post performance reviews,” it said. According to the document, the government will enter into strategic partnerships with the private sector to set up infrastructure such as cybersecurity training and development labs, which in turn will facilitate the development of new products. ”To ensure safety at the supply end, the government shall work with Internet Service Providers (ISPs) to help individuals assess the existing security levels and devise…

Source…