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RIICO, IIM Ahmedabad sign pact to promote start-up ventures

JAIPUR: RIICO on Monday signed an agreement with IIM Ahmedabad's Centre for Innovation, Incubation and Entrepreneurship(CIIE) to promote entrepreneurship through RIICO's incubation centre here. 

As per the MoU, 
CIIE will manage the centre located at Sitapura and nurture young talent in the IT field, an official said. The Incubation Center will be called 'Startup Oasis'. 

"It has already been provided with 20 modules with state- of-the-art plug and play facility with high frequency bandwidth Internet facilities and CIIE Initiatives, which is one of India's leading incubators, shall provide its experience, knowhow and 
networks to develop and manage the Incubator," RIICO MDNaveen Mahajan said. 

"Over the next 3 years it is envisaged that the incubator shall have incubated over 60 start-up ventures and close to a 100 ventures by the end of fifth year", he said. 

Additional Chief Secretary - Industries and Rajasthan State Industrial Development and Investment Corporation (RIICO) Chairman Sunil Arora said it was a step for promoting a 'business friendly' climate in the state and to encourage educated youth towards entrepreneurship. 

"RIICO is providing all the support for skill development and promoting entrepreneurship and the incubation centre will provide one such opportunity to young enterprising professionals in the State," Arora said.