Punjab

Govt inks MoU with Atal Incubation Centre

Govt inks MoU with Atal Incubation Centre

TPE Correspondent

Chandigarh, November 23

Boost the startup ecosystem in Punjab, the Government of Punjab, through its Startup Punjab cell, signed a MoU with the Atal Incubation Centre (AIC) at the Indian School of Business Mohali to setup the Enable Start-up Track Acceleration program (ESTAC). ESTAC specifically focuses on areas of scalability for government enabled and private sector driven businesses.

Additional Chief Secretary Industries & Commerce Vini Mahajan said that the collaboration will support technology-led, scalable and investible start-ups to tap into the new opportunities resulting in economic growth in Punjab. Both Startup Punjab and AIC ISB will jointly enable pilot projects, in relevant departments of Punjab Government, for startups selected in the Enable Startup Track Acceleration (ESTAC) program with an objective to foster innovation and entrepreneurship in the region.

Punjab Government through the ‘Startup Punjab’ cell is building an effective startup ecosystem in the State to bolster the entrepreneurial culture in the State. This initiative would also provide a platform to facilitate capability building via mentors to help the budding entrepreneurs to position their products in the market, scale up their business, and connect them to investment agencies.

Notably, the Punjab government is organizing the Progressive Punjab Investors’ Summit (PPIS) on 5th-6th December 2019 at the Indian School of Business (ISB), SAS Nagar (Mohali). The theme of the event is “Building Partnerships for Inclusive Growth – MSMEs in the Global Value Chain.” The Summit shall be a global platform for business leaders, investors and experts to share their opinions on ways to capitalize on the changing business ecosystem and to explore potential collaborations and partnerships. Further, there shall be a “Startups Session” on 5th December 2019 during Progressive Punjab Investors’ Summit 2019. The theme of the session is “How to make Punjab the Next Startup Destination Eminent”. Eminent industry leaders & stakeholders from the sector have been invited to be part of the session.

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