On Friday, January 29, the Maharashtra Government announced that it has set up a 12-member committee headed by the Development Commissioner for the establishment and functioning of Business Accelerator/ Incubation Centre in Mumbai.
The committee will be responsible for the formulation of an action plan to make the proposed incubation centre a world-class facility and carry out its functioning. It will strengthen the Industry-Academic Institutional Linkages through the Incubation Centre, to provide high-quality guidance to the trainees, to guide them in their endeavours for the successful completion of the project.
The incubation centre will provide training to the entrepreneurs from the open category, SC/ST category and women entrepreneurs. Nearly, 60 entrepreneurs will receive training, guidance and financial and administrative support every year at the incubation centre from the university.
A 13,000 sq.ft space at the Reliance Corporate Park in Ghansoli MIDC in Navi Mumbai has been finalised for the centre. Entrepreneurs holding a domicile certificate in Maharashtra will be able to take part in the programme. Those participating will get a certificate from Cornell University.
Moreover, the Thackeray-led MVA government has collaborated with Cornell University, Ithaca, New York (USA), where professors of the University will mentor entrepreneurs from Maharashtra for the next three years. Both had signed MoU in December last year whereby the Maharashtra government will invest INR 7 crores in the programme.
As per government sources, this initiative will help in providing maximum publicity to successful start-ups. It would also enable to promote their work at the international level. This could in-turn help the companies and projects to get funding by foreign companies and investors. The committee will take the necessary steps to make the start-up industry commercially successful by taking measures to make their products/services available to the market.
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