Big news for youths. The state government has implemented a startup scheme for the youth pursuing technical education. In such a situation, the Department of Science, Technology and Technical Education has instructed the principals to form a startup cell in all 38 government engineering colleges.
To promote startups in engineering colleges, the state government is providing a seed fund of Rs 10 lakh to Rs 10 lakh, enabling startups to be established in these colleges during the new financial year. According to the department, providing seed funding is a big decision to promote innovation and entrepreneurship in engineering colleges. The startup cell will help in fostering innovation among students.
Promote sustainable start-ups that address real-world challenges through innovation and technology, driving socio-economic progress at local, national, and international levels.
Students will be encouraged to take up entrepreneurship as a career option
The primary objective of establishing a startup cell in the state’s engineering colleges is to encourage students to pursue entrepreneurship as a career option. Additionally, students will receive guidance on startups through the cell.
The establishment of the Startup Cell also aims to foster an entrepreneurial ecosystem among the students and faculty of various educational institutions in and around the region by promoting networking and people-to-people connections, as well as funding and access to finance for entrepreneurs.
Emphasis will be on these areas.
Startups will be promoted using cutting-edge technologies such as artificial intelligence and machine learning, blockchain, data science, Internet of Things, cloud computing, robotics, embedded systems, renewable energy, UAVS, AR and VR, drones, and others.