The Indian Institute of Management, Calcutta (IIM-C) has been roped in to boost the start-up environment in Assam. The State industry department signed a MoU with IIM-Calcutta for the initiative. A discussion on start-up policy and the role of educational institutions was held under the guidance of the industries and commerce department, aiming to strengthen the start-up environment in Assam.
The Assam government recently launched the start-up policy and will soon inaugurate the start-up incubation centre in Assam. The government will also provide a grant of up to Rs 50 lakh per start-up, which will include Rs 5 lakh for idea to proof of concept. The rest of the grant will be utilized in purchase of raw materials, marketing and cost of commercialization of products and services of start-ups.
Addressing the meeting, Ravi Capoor, Additional Chief Secretary to the Industries and Commerce Department, stated that the Industries and Commerce Department will soon launch ‘Start-up Yatra’, a campaign in colleges across various districts to create a start-up ecosystem in the State and generate entrepreneurial mindset among students. ‘The start-ups of Assam should be inclusive, where the youth can organize the strengths of the State and provide solutions within society.’