With an objective of providing an ecosystem for start-ups to offer guidance, mentoring, physical space and network for funding and value-based collaboration for incubation of novel ideas, an Incubation Centre was inaugurated on Wednesday at North Eastern Hill University in Shillong.
The incubation centre was inaugurated by Union Minister of State for Social Justice and Empowerment Ramdas Athawale.
Inaugurating the centre, the union minister said such incubation centre will benefit people in developing their entrepreneurial skills and help generate and provide employment opportunities for a lot of individuals.
State Art and Culture Minister AL Hek said the incubation centre would meet the needs of young minds of the State and neighbouring regions.
The Incubation Centre will offer active incubation support to the new proposed ventures to become independent and self-supporting over the period.
The centre will also provide technical knowhow to these ventures to become efficient and competent models so that they become eligible for formal funding support from donors, philanthropists, network partners and investors.