ENA State 2016-07-25 06:58:06 <p><strong>Kolkata, July 25 (KNN) </strong>With the view to develop entrepreneurship among youth, West Bengal Government will set up a Start-Up Incubation Centre to support the educated youth to help them start their own businesses.</p> <p>Powered by the State Information &amp; Technology Department and WEBEL, the centre will come up at WEBEL premises in Saltlake area.</p> <p>A memo will be sent to the State Cabinet for approval of this project.</p> <p>The State Government is also thinking of setting up a Rs. 100 crore fund which may be utilized as seed capital for the start-up organizations. The Government is planning to provide the initial fund support to them.</p> <p>Also, in case of diversifying the businesses, the Government will help to rope in foreign venture capital funds.</p> <p>The IT-based start-up companies which are developing software products will be eligible to be included in the start-up incubation centre. <strong>(KNN/ AR)</strong></p> 14920 http://knnindia.co.in/news/newsdetails/state/wb-govt-to-set-up-incubation-centre-to-develop-entrepreneurship-among-youth 2016-07-25 06:58:06 knnindia.co.in