Kerala launches first
non-IT focused incubation and mentoring hub
KOCHI: An IT
initiative was launched in Kerala Friday which will incubate, mentoring of
non-IT entrepreneurs, right from an idea to a sustainable business venture.
The initiative called
'myenterprise', launched by a technical consultancy firm KITCO, will cover
areas like agriculture and food processing, fisheries, fashion technology,
ayurveda, biotechnology and waste management.
'Myenterprise' was
launched here by KITCO managing director Cyriac Davies and associate principal
consultant K.C. Chandrashekharan Nair.
KITCO was established
in 1972 by Industrial Development Bank of India in association with other
national and state level financial institutions, the government of Kerala and
seven public sector banks for rendering services to entrepreneurs, government
departments/PSUs and local bodies.
'Myenterprise' is open
to anyone interested in pursuing their dream of a successful business and KITCO
will provide the space, business infrastructure, shared resources and training
market access.
"We plan to
incubate, mentor and handhold about 10 start-ups in the first year and we have
a special focus on encouraging women entrepreneurs," said Davies.
KITCO is also setting
up a KITCO Innovation Fund (KIF), a crowd funding initiative, in order to
support the emerging start-ups and would be formed with the support of
successful Kerala based businessmen, institutions and leading organisations
that are interested in innovation and entrepreneurship development in the state.
Nair, who headed the
state's first incubator Technopark TBI, will spearhead 'Myenterprise'.
"We intend to provide the youth with seed capital, marketing and professional assistance besides enable the aspirants to meet the experts in the industry and masters of trade," said Nair.
"We intend to provide the youth with seed capital, marketing and professional assistance besides enable the aspirants to meet the experts in the industry and masters of trade," said Nair.
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