Indian Institute of Entrepreneurship to build EDC within higher educational institutions of North East

New Delhi, Apr 14 (KNN) The Indian Institute of Entrepreneurship (IIE) with support from the North Eastern Council will set up Entrepreneurship Development Centres (EDC) as well as Incubation Centres in the higher educational institutions of North East Region.

The move aims to boost and create an entrepreneurial ecosystem among college students of NER.

Stressing on the significant role played by the youth in developing startup ecosystems in mature ecosystems like Karnataka and Gujarat, Lalit Sharma, Director, IIE spoke about its plans to develop an ecosystem of NER through college youth.

“IIE shall reach out to young college students by developing Entrepreneurship Development Centers and Incubation Centers within the higher educational institutions of NER,” said Sharma.

In comparison to other states, the numbers of student startups coming from NER are considerably low, the IIE director said.

He added that there is a need to build the capabilities of higher educational institutions to develop student entrepreneurship.

“Through EDCs, IIE shall work on enhancing the entrepreneurial intent of students and provide them with all necessary support including expanding upon their ideas, developing prototypes, conducting market research, developing their business plans, pitching for their startups and providing mentoring support to students,” he said.

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.  (KNN Bureau)