GUWAHATI: Chief Minister Sarbananda Sonowal has inaugurated the ‘Assam Start Up the Nest’ initiative to facilitate growth of at least 1,000 start-ups over the next five years.
The initiative is a state-owned incubator for the start-up ventures, which seeks to augment the business environment by promoting idea generation to start-up companies and help them establish and accelerate growth and success.
Sonowal said that Act East Policy has given impetus to the trade and business in the state and through it the state would become the gateway and business hub of South East Asia.
The incubation centre, which is set up by the state government under Assam Start-up Policy 2017 with technical expertise from IIM Calcutta Innovation Park, aims to facilitate the growth of at least 1,000 new start-ups over the next five years, he added.
“It also seeks to attract funding opportunities to the tune of USD 250 million for state start-ups and incubators while establishing itself as a centre of excellence in the start-up ecosystem,” Sonowal said.
The start-up entrepreneurs will also get the networking opportunities for funding their projects, while dedicated mentorship and capacity enhancement trainings will be provided at the incubation centre.PTI
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