New Delhi, Oct. 19 -- The Delhi Cabinet has approved the establishment of the Go-Delhi Foundation with an initial budgetary outlay of Rs 50 crore to promote startups, innovation and entrepreneurship in the national capital, the Delhi government said on Sunday.

The foundation will be set up as a not-for-profit company under Section 8 of the Companies Act, 2013, and function under the Delhi government's Department of Industries.

It will provide entrepreneurs, students and researchers with support for product development, prototyping, testing, incubation and access to investors, helping them turn ideas into market-ready businesses.

Focus On Product Development And Market Access

Chief Minister Rekha Gupta said the initiative would bring t...