# Punjab technology and startup ecosystem development > Live situation record from CLSTR: https://clstr.news/situations/punjab-technology-and-startup-ecosystem-development > Updated: 2026-08-24T11:52:33.000Z. Sources: 5. Developments: 2. The Punjab government is implementing several initiatives to expand its technology and startup ecosystem. The state signed a Memorandum of Understanding with the Software Technology Parks of India to establish the ‘Startup Punjab Hub – Neuron 2.0’ in Mohali. This ₹29 crore project focuses on sectors such as cybersecurity, artificial intelligence, and data analytics, with the goal of nurturing at least 50 startups and training 2,000 professionals over five years. Building on these developments, Chief Minister Bhagwant Mann has positioned Mohali as a potential hub for artificial intelligence, digital innovation, and Global Capability Centres. The state is utilizing its 2026 GCC Policy and existing infrastructure to attract investment. Furthermore, the government is seeking to integrate AI-driven solutions into the agricultural sector through collaborations with academic and federal institutions to implement smart farming and precision agriculture tools. ## Timeline ### 2026-08-24: Punjab aims to become IT hub with Mohali as AI center Punjab Chief Minister Bhagwant Mann announced that Mohali is positioned to become a major hub for AI and digital innovation, supported by new GCC policies and agricultural AI initiatives. 3 sources. https://clstr.news/cluster/punjab-aims-to-become-it-hub-with-mohali-as-ai-center ### 2026-08-19: Punjab expands startup ecosystem with new Mohali incubation centre Punjab is expanding its startup ecosystem through a ₹29 crore technology incubation centre in Mohali and a new educational partnership with DCM Young Entrepreneurs School to support student innovators. 2 sources. https://clstr.news/cluster/punjab-expands-startup-ecosystem-with-new-mohali-incubation-centre --- Cite as: Punjab technology and startup ecosystem development. CLSTR, https://clstr.news/situations/punjab-technology-and-startup-ecosystem-development