New Delhi, July 16 -- The Delhi Government has approved the Delhi Start-up and Incubation Policy with the aim of giving a fresh push to innovation, research and entrepreneurship in the national capital.

Under this ambitious policy, more than Rs 400 crore will be invested over the next five years. Chief Minister Rekha Gupta said the policy is designed to develop Delhi into one of the country's leading hubs for innovation and entrepreneurship while ensuring that young people receive every possible support to turn their ideas into successful start-ups.

As part of the initiative, the government will also organise an Annual 'Delhi Start-up Youth Festival', which will bring together young innovators, educational institutions, start-ups, inves...