To foster entrepreneurship in Punjab, the ‘Startup Punjab’ on Friday signed a memorandum of understanding (MoU) with IIT Ropar. With this, both will jointly work towards facilitating young students in educational institutes and early-stage start-ups to crystallize ideas and grow their businesses.
The MoU was signed by Startup Punjab Executive Director Ashooneet Kaur and IIT Ropar-Technology Business Incubator Foundation coordinator Dr Harpreet Singh.
Invest Punjab’s spokesperson said that the collaboration would prove to be instrumental in offering incredible opportunities to the state’s youth, who exhibit entrepreneurial acumen by providing them the requisite support and access to an ecosystem which nurtures their growth.
Startup Punjab and IIT Ropar will hold ideation workshops, acceleration programmes and hackathons to enable Startups to grow their ideas. IIT Ropar would also provide pre-incubation support such as product development, financial management and distribution or marketing strategies to startups selected through the Startup Punjab Yatra and other events, he added.
The Punjab Government through the ‘Startup Punjab’ cell is building an effective startup ecosystem in the State to bolster the entrepreneurial culture in the State.
The ‘Startup Punjab Hub’ is set to launch at STPI Mohali on September 30, which would offer an innovative ecosystem of incubation facilities, R&D labs and angel investor networks to facilitate entrepreneurs to scale their ventures.
Furthermore, The Startup Punjab cell is also partnering with Chandigarh Angels Network to host the third edition of CANNABLE, an event which will bring over 500 entrepreneurs and 40 investors on a common platform to give a boost to the entrepreneurs of Punjab, in the month of October, added spokesperson.