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Assam CM Sarbananda Sonowal
Assam CM Sarbananda Sonowal|EastMojo image
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Assam: How this incubation centre is going to boost start-ups

CM inaugurates ‘The Nest’ in Guwahati; establishment seeks to provide business environment to entrepreneurs, promote and accelerate growth through idea-sharing

Mahibul Hoque

Guwahati: In a bid to boost the start up ecosystem in the state, chief minister Sarbananda Sonowal on Sunday inaugurated the 'Assam Start Up - the Nest' in Guwahati. The state-owned incubation centre seeks to provide business environment to entrepreneurs and promote and accelerate growth through idea-sharing.

Inaugurating the incubation centre, the CM highlighted that the state government has been putting all efforts to provide a 'conducive environment' for investors and said that through the impetus given by Act East Policy, the state would become the business hub and the gateway to Southeast Asia.

The incubation centre has been set up under the Assam Start-Up Policy 2017 with technical expertise of Indian Institute of Management (IIM) Kolkata Innovation Park. The business park is aimed at facilitating 1,000 new start ups in next five years.

The entrepreneur's incubation centre is expected to attracted funding opportunities up to $250 million for the state start up ventures.

The chief minister also highlighted the investments made in the state and said that the state saw Rs 12,000 crore investment committed during the Advantage Assam summit. In the summit, 240 MoUs were signed where Rs 79,000 crore investment was committed.

State industry and commerce minister Chandramohan Patowary expressed that the Assamese youth are taking leadership in various organisations across the world, hence this incubation centre would provide a very good platform for younger entrepreneurs to generate employment.