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Entrepreneurship Development Centres to come up in higher education institutions of NE
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IANS | 14 Apr, 2023
To boost and create an entrepreneurial eco-systems among college
students of northeastern region, Indian Institute of Entrepreneurship
(IIE), an institution under the Ministry of Skill Development and
Entrepreneurship, would set up Entrepreneurship Development Centres
(EDCs) as well as Incubation Centres (IC) in higher educational
institutions of northeastern region.
IIE Director Lalit
Sharma on Thursday said that in the first phase IIE, with the support of
North Eastern Council, would set up 30 EDCs and four ICs in higher
educational institutes across the region.
Under this project, 50
selected student startups will be supported financially through one-time
grant funding of Rs 5 lakh each to start their business.
Sharma
said IIE is excited to take on this new responsibility and is confident
that the initiative would help foster a culture of entrepreneurship and
innovation among college students in the NE region.
According to
the Ministry of Commerce and Industry, till March, there were a total
of 1,143 registered startups throughout the eight states of northeast
including Sikkim while during the same time period, there were 10,808
startups in Karnataka and 6,988 startups in Gujarat.
Sharma, who
is initiating the project said : "Youth has played a significant role
in developing startup ecosystems in mature ecosystems like Karnataka and
Gujarat. IIE plans to develop the ecosystem of NER through college
youth. IIE shall reach out to young college students by developing EDCs
and ICs within the higher educational institutions of NER."
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