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Start-up movement generates new opportunities for state’s youth: Assam CM

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Guwahati, Sep 8: Assam Chief Minister Dr. Himanta Biswa Sarma said that though start-up movement in Assam started late, its progress is not slow. In recent years, it has picked up tremendous pace and as a result it has generated much hope and opened new opportunities for Assam’s youth.

Inaugurating an event to celebrate innovations in Assam’s start-up ecosystem and recognize outstanding Proptech start-ups in NEDFi House here on Wednesday, Chief Minister Dr. Sarma said that India’s start-up ecosystem was creating waves in the world..

He said that recently in a major success, in the States’ Startup Ranking 2021, Assam Startup has been recognized as a Leader (Category A) in developing a strong startup ecosystem in the state by Government of India. This has been a steep progression from its previous recognition of being an Emerging Startup Ecosystem.

The state has further been acknowledged as a Mentorship Champion for building a large mentorship network for startups. “It is indeed an encouraging achievement for the youths of Assam to take up entrepreneurship in a much larger scale,” Dr Sarma added.

Referring to Prime Minister Narendra Modi whose encouragement in the field of entrepreneurship, gives Assam a significant push to its efforts to start up initiatives, Dr. Sarma said that taking cue from the Government of India’s vision, Assam government has also taken concerted steps to promote a culture of entrepreneurship and convert job-seekers into job-creators and to transform Assam into a major start-up hub of the country.

Dr. Sarma also said that the success of the Start-up initiative in the state is evident from the fact that Zerund, which has been included in the Start-ups in Gruhas ASPIRE’s first cohort has been nurtured by “Assam Startup – The Nest”.

Dr. Sarma also said that the growth of Assam’s start up has been facilitated by B-School Incubator IIM Calcutta Innovation Park which has been associated with the state’s Start up initiative as a Knowledge Partner.

He also said that the Nest has, so far, carried out 74 outreach events, reaching out to over 15,000 students, young innovators, and aspiring startups across every district of Assam. Initiating the Hub and Spoke model, Assam Startup – The Nest (Hub) has, so far, signed 43 collaboration memoranda with top universities and colleges, the Chief Minister added.

Dr. Sarma said that for helping the start ups with financial aid, Government of Assam has introduced My Assam Startup ID (MASI). Start ups found eligible for MASI can apply for grants up to Rs. 50 lakhs for scaling up their business. 292 applications have been evaluated out of the 368 applications received and 125 startups have been granted.  He also said that in a significant development to push forward start-up ecosystem in the state, the Government of Assam is going to enter in to an MoU with SIDBI for establishing a Venture Capital assistance of Rs 200 Crore for Assam specific Start-ups.

 

 

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