Start-Up incubation centre launched at MTU

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Imphal: Manipur chief minister N. Biren Singh on Thursday inaugurated a Start-Up Incubation Centre of Manipur Technical University temporary campus, Government Polytechnic Takyelpat, Imphal West which is supported by the planning department, Manipur.

The incubation centre will guide and mentor identified and selected technology based start-ups. The main aim of the incubation centre is to facilitate and incubate the start-ups selected through the government initiative, Start-Up Manipur and others.

This Incubation centre is very important as it will provide the basic training and help in materialising an idea, gain financial assistance for the idea, financial management, marketing, etc, Biren said.

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He said the Start-Up programme is a dream of Prime Minister Narendra Modi to put a check on the brain drain of talented youth to outside the country due to lack of facilities, environment, infrastructure, financial assistance.

Till date, the government has provided financial assistance under the programme to more than 5200 (approximately) start-ups.

Biren expressed concern that people from all walks of life seem to be losing professional ethics, and showing more interest in working to their own advantage. “We should work together for the present and future generations,” he said.

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Biren said he was impressed by the young students of the MTU, but at the same time felt sorry for the poor infrastructure of the university.

Calling upon all to keep the university’s campus and surroundings neat and clean, the chief minister assured proper infrastructure and also expressed that a site for the university has been identified and proposed DPR already submitted to the concerned ministry and that construction of the university will begin once all necessary processes have been completed at the identified site.

The incubation centre is in collaboration with Atal Incubation Center (AIC) -Sikkim Manipal University, Business incubation centre to handhold and provides technical expertise in the areas of innovation, entrepreneurship and start-ups. The program will be a 3-month Incubation/accelerator comprising Diagnostic Sessions, One-on-One Mentorship and Master classes and finally, culminating into a Demo Day where start-ups will pitch in front of a panel of Angel Investors/ Venture capital (VC) Firms/families Offices etc. for potential fundraising by the start-ups.

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After the inaugural session, the centre conducted an interactive session and discussed the future prospect and outcomes with the 16 entrepreneurs/start-ups assigned by planning department to the centre.

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