Chief Secretary Rajbala Verma has reposed immense faith in young minds coming up with fresh, innovative and workable business ideas in the State and has said that start-ups have a major role in taking growth rate of the country and State to double digit.
Verma said during inaugural session of Jharkhand Start-Up Pitch Challenge by the Software Technology Park of India (STPI) in association with Jharkhand Innovation lab (JIl) on Saturday that the Government was all set to provide all kinds of support for young business ideas to flourish in the State.The event was organised as a pre-screening session for Start-Up ideas to be selected for Y4BIZ event scheduled on November 17. Entrepreneurs across the State, academic institutions and incubators were present to nominate their Start-Up ideas for the Challenge where 66 shortlisted Start-Ups gave pitch presentation on their ideas to make way in top 30 during the day.
These Start-Up ideas will once again present their vision before the United States of America (USA) Consulate on November 17 to be selected finally for Texas University training and assistance for growing up those ideas.
Verma said that Jharkhand has presented among the best Start-Up policies in the country which is helping the State sculpting and taking fresh ideas to a new height.
“If the country looks at double digit growth, Start-Ups will have a major role in that. There is huge opportunity for Start-Ups in the field of agri-business, agri-technology, hospitality, healthcare, packaging, production and lot of other fields. Government is also reaching out to schools to encourage entrepreneurship and to shape potential young business minds into prospective industry leaders,” said Verma on the sidelines of the occasion.
IT and e-Governance Secretary Satendra Singh too encouraged local Start-Ups to leverage local resources and to create employment and value in State. He also invited academic institutions and corporates to partner and handle incubation process of Start-Ups in the State.
STPI Director General Onkar Rai and Director Manas Panda, IT Director UP Shah, officials of STPI, officials of JIl, professors of various technical and management institutions, students and others were also present on the occasion where STPI signed two Memorandum of Understanding (MoU) with academic institutions, one with IIM Ranchi and another with NIIT Jamshedpur during the event.
Education, Information and Technology (IT) and Internet of Things (IoT) sectors topped choices in the Start-Up ideas. A total of 66 Start-Ups were selected from 200 plus applications received out of which 30 have been selected for Y4BIZ tio be held on November 17. Finally selected in that event will be awarded opportunity to be incubated by the University of Texas in YEN’s University of Texas Incubation Programme.