Go-Delhi Foundation cleared by Delhi Cabinet with ₹50 crore corpus for startups and young innovators

Key facts

• The Delhi Cabinet, chaired by Chief Minister Rekha Gupta, approved the Go-Delhi Foundation with a corpus of ₹50 crore to empower young innovators and startups.
• Delhi is home to nearly 21,000 startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT).
• The foundation will help startups and MSMEs access product engineering, prototyping, laboratories, testing facilities, mentorship, incubation and investor connections to turn early-stage ideas into market-ready products.
• It will support entrepreneurs at different stages, from product development and testing to certification preparation and market access.
• Government departments can bring real-world challenges to Delhi's innovators, with solutions tested through pilot projects and successful ones adopted.
• The foundation will adopt a hub-and-spoke model, delivering programmes through existing facilities and partner institutions across Delhi.
• It will be established as a not-for-profit company under Section 8 of the Companies Act, 2013, functioning under the Delhi government's Department of Industries.