Delhi govt approves proposal, Rs 50 cr committed for initiative to promote startups, innovation

New Delhi, Oct 18 (UNI) The Delhi Cabinet, chaired by Chief Minister Rekha Gupta, has approved the establishment of the Go-Delhi Foundation, which aims to promote startups, innovation and entrepreneurship in the national capital, providing young people, researchers and entrepreneurs with integrated support to turn their ideas into products and successful enterprises. Notably, the Rekha Gupta government has also committed an initial budget outlay of Rs 50 crore for the foundation. According to CM Gupta, the move was an important step towards bringing together Delhi's existing entrepreneurial capabilities, educational institutions and research facilities. There are nearly 21,000 startups recognised by…