The State Government recognises the need to support initiatives in development and application of frontier technologies like Nano Technology, Development of  new materials, Genetics, Biotechnology, Chip Manufacturing, Communications Technology, Mobile Computing, Robotics, Energy saving and development of new sources of energy etc.

To encourage start ups in these sunrise areas, HSIDC shall set up a venture capital fund in association with other institutions in public or private sector.

Handholding and facilitation services will be provided to such ventures by IPC and the Department of Science and Technology.

Space in industrial sheds and flatted factories built by HSIDC will be provided on concessional rates.