India, Aug. 5 -- LUCKNOW The UP cabinet on Tuesday formally approved the creation of U-Hub, an independent deep-tech innovation and entrepreneurship platform aimed at positioning the state as a leading centre for advanced technology startups in India.

U-Hub will be incorporated as a Section 8 company under the Companies Act, 2013. It will be governed by an 11-member board of directors chaired by the director of IIT-Kanpur. The board will include representatives from government, academia, industry, international experts and the venture capital community. A professional chief executive officer (CEO) with experience in deep-tech, startups, innovation and investments will lead day-to-day operations, supported by specialised teams for program...