Schemes and Support for Incubation

Schemes and Support for Incubation

WTC Jaipur in association with MSME–DI Jaipur organized an awareness program on “Entrepreneurial and Managerial Development of MSME’s through Incubators” on 7th August 2019 at MSME Jaipur.

Welcoming the participants, Mr. Pradeep Ojha- Dy. Director MSME- DI highlighted the importance and need of Incubators in present challenging environment where higher failure rate of startups can only be mitigated through presence of an Incubator right from the start and subsequently guiding at every stage. He said “Government’s startup policy lays significant amount of responsibility on incubators by giving them recognition and regulation guidelines. Identified incubators naturally are expected to provide the various assistance to startups. Launch of Atal Incubation Centre’s (AICs) is aimed to create world class incubation facilities across India with appropriate physical infrastructure. The AICs tend to provide capital equipment, operating facilities, experts for mentoring the start-ups, business planning support, supply of seed capital, providing industry partners. Atal Incubation Centers are established in different areas such as agriculture, manufacturing, energy, transport, health, education, water etc.”

Chief guest Mr. M.K. Meena-Director MSME, while interacting with the participants said “World over, Micro and Small Enterprises (MSEs) are recognized as an important constituent of the national economies, contributing significantly to employment expansion and poverty alleviation. Recognizing the importance of micro and small enterprises, which constitute an important segment of Indian economy in terms of their contribution to country’s industrial production, exports, employment and creation of entrepreneurial base, the Central and state Governments have been implementing several schemes and programmes for promotion and development of these enterprises.” He added further “the present incubation scheme provides opportunity to the innovators in developing and nurturing their new innovative ideas for the production of new innovative products. Host Institutions (HI) can explore the new innovative ideas from the Incubates of various sectors which may be entrepreneurs or students from the any streams. Three important types of assistance is provided namely one Financial assistance up to 15 lakh for developing and nurturing of an idea, secondly financial assistance up to 1.00 Cr. for procurement and installation of Plant and Machines in BI in order to strengthen the technology related R&D activities of BI and financial assistance of up to 1.00 Cr. as grants in aid for the seed capital support to HIs/BIs for converting deserving ideas in to start-ups.”

Other notable guest speakers included Mr. M.L. Bapna- CEO, Incubation Center, Indian Institute of Technology -Jodhpur and Ravi Mathur, Vice President, Rajasthan Venture Capital Fund, Jaipur and Dr. Latika Dhuria, Atal Incubation Centre, Banasthali Vidyapeeth, Newai

Vote of thanks was proposed by Mr. Navneet Agarwal-Assistant Director WTC Jaipur. Around 100 participants attended the meeting.

In the pic Mr. Pradeep Ojha- Dy. Director MSME DI addressing the participants

In the promotional pic (extreme right) Mr. Mr. M.L. Bapna- CEO, Incubation Center, Indian Institute of Technology -Jodhpur

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