Industries and Commerce Department at the Assam Administrative Staff College at Khanapara in Guwahati on Thursday undertook a discussion on the expansion of Startups in Assam.
Seeing the growing success rate of Startups in India, the Assam Government has recently launched the start-up policy and will soon inaugurate the start-up incubation centre named, Assam Hub at Ambari, which will facilitate in translating new innovative ideas into reality.
“Assam Hub will be an ignition of the start-up movement in Assam by way of providing office space, support services and other amenities,” said Ravi Capoor, Additional Chief Secretary, Industries and Commerce Department (ICD).
The Department also signed an MoU with Indian Institute of Management (IIM), Calcutta Innovation Park, in connection with the running of operation and maintenance of start-up of the Incubation Centre.
The Department intends to tie-up with educational institutions to form a pool which will become a reference point for the upcoming start-ups.
Ostensibly the Government will provide a grant up to Rs 50 lakh per start-up, which will include Rs 5 lakh for idea to proof of concept, and the rest of the grant will be utilized towards purchase of raw materials, marketing and cost of commercialization of products and services of start-ups.
The Department will soon launch Start-Up Yatra – an awareness campaign in colleges of various districts to create a start-up ecosystem in the State and generate an entrepreneurial mind-set among the students.