New Delhi, July 23 (KNN) In a bid to provide an ecosystem for startups in the region, the North-Eastern Hill University, Shillong, (NEHU) has decided to set up an Incubation Centre to offer guidance, mentoring, physical space and network for funding and value based collaboration for incubation of novel ideas by active promotion of Start-ups. 

To create a great social impact and sustainable solutions at appropriate level, this center will provide opportunities for experimentation and exploration of newer solutions and methods by active interaction with experts, successful business leaders and academicians and thought leaders. 

Further, the center will offer active incubation support to the new proposed ventures for a period from one to two years, to encourage and support the start-ups ventures to become independent and self-supporting over the period. 

In this regard, the center proposes to sign a MoU with Meghalaya Government through the active partnership with Meghalaya Institute of Entrepreneurship (MIE).

The funds at the center would be generated from Union Ministry of Human Resource Development, Micro, Small and Medium Enterprises, Development of North Eastern Region, North Eastern Council, University Grants Commission, Meghalaya Government and other interested donors.

The major activities of the proposed center will involve selection of ventures, mentoring, providing seed funding, infrastructure support, undertaking review of ventures and networking for resource mobilization for developmental activities.

In this matter, the University has requested to send ideas/proposals which have potential for incubation and their conversion into social entrepreneurship, new business ventures etc. by July 24th, 2018 for inclusion in the Brain Storming Workshop that will be arranged shortly @ nehuincubationcentre@gmail.com