Bihar IT Minister hands over office space to 10 startup companies

IANS April 8, 2025 280 views

Bihar's Information and Technology Minister Krishna Kumar Mantu has taken a significant step to empower young entrepreneurs by providing free office spaces to 10 promising IT startups. The initiative, part of the Bihar IT Policy-2024, offers fully equipped workspaces at Biscomaun Tower, complete with modern amenities and support services. This move is aimed at creating employment opportunities and transforming Bihar into a vibrant tech hub. The government's commitment to nurturing startups reflects a strategic approach to economic development and youth empowerment.

"Providing employment to Bihar's youth is our top priority" - Krishna Kumar Mantu, Bihar IT Minister
Patna, April 7: Bihar Information and Technology Minister Krishna Kumar Mantu inaugurated office spaces for 10 new IT startups and handed them over to young entrepreneurs free of cost at Biscomaun Tower, providing a fresh boost to the startup ecosystem in Bihar.

Key Points

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Free office spaces provided to 10 IT startups in Biscomaun Tower

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Bihar IT Policy-2024 offers comprehensive startup incentives

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State aims to transform into emerging tech destination

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Fully equipped workspaces support young entrepreneurs

The spaces, located on the 9th and 13th floors, were handed over to young entrepreneurs in a symbolic key-handover ceremony.

These companies are Hiprotech India Technology Pvt. Ltd., Green Stark Electronics Pvt. Ltd., Flow APIs Pvt. Ltd., Sevacity Technology Pvt. Ltd., Skaas Technologies Pvt. Ltd., Ostomverse Innovation Pvt. Ltd., Momentum Plus Online Technology, Polytropic System Pvt. Ltd., Makasa Industries Pvt. Ltd. and HPF Venture India Pvt. Ltd.

Under the Bihar IT Policy-2024, the government offers a host of incentives to budding entrepreneurs, including Capital Investment Subsidy, Interest Subsidy, Lease Rental Subsidy, Electricity Bill Subsidy and Employment Generation Subsidy.

"Providing employment to Bihar's youth is our top priority. To achieve this, we must empower and promote startups across the state," Mantu said while addressing the gathering.

The state government is offering startups more than just financial support. Free office space for the first six months - extendable based on performance - is provided to eligible IT startups.

These spaces come fully equipped with cabins and workspaces, air conditioning, high-speed internet connectivity, reception and security services, housekeeping, parking and cafeteria facilities and dedicated elevator access.

This initiative is part of a larger push to turn Bihar into an emerging IT destination. So far, 13 startups have already benefited from this scheme, and the recent addition of 10 more takes the momentum forward.

IT Secretary Abhay Kumar Singh, present at the event along with Special Secretary Arvind Kumar Chaudhary, emphasised that the government is committed to long-term support.

"These early-stage companies need the right environment to grow, and we are offering just that. Our review-based extension policy ensures that resources are allocated to performing ventures," he said.

The event concluded with a vote of thanks by Special Secretary Arvind Kumar Chaudhary, highlighting the government's dedication to transforming Bihar into a startup-friendly, tech-enabled economy.

Reader Comments

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Rahul K.
This is such a positive step for Bihar! 🎉 Providing infrastructure support is often more valuable than just funding for early-stage startups. Hope to see more such initiatives across India.
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Priya M.
While I appreciate the effort, I wonder how sustainable this model is. Free office space is great, but startups need consistent market access and mentorship too. Hope those components are part of the package.
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Amit S.
As someone from Patna, it's heartening to see our state finally getting some tech attention. The fully equipped offices sound impressive - AC and high-speed internet are must-haves these days!
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Neha T.
The review-based extension policy makes sense. It ensures accountability while giving startups a fair chance to prove themselves. Wishing all the selected companies the very best! 🤞
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Sanjay R.
Great initiative! But I hope they're also focusing on improving the overall business environment in Bihar - better roads, reliable electricity, and less bureaucracy would help all businesses, not just startups.
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Kavita P.
Love seeing the diversity in these startups - from electronics to APIs to innovative tech solutions. Shows Bihar's youth are thinking across sectors! 👏

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Tags:
Bihar Startups Krishna Kumar Mantu IT Policy 2024 Startup Ecosystem Technology Entrepreneurship
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