Ambedkar Social Innovation and Incubation Mission launched
- Posted By
10Pointer
- Categories
Polity & Governance
- Published
9th Oct, 2020
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- To promote entrepreneurship amongst the SC Youth with special preference to Divyangs.
- Under the scheme, 1000 SC students with innovative startup ideas will be identified with the help of Technology Business Incubators (TBIs) in various higher educational institutions.
- AN equity funding worth Rs 30 Lakhs will be given over 3 years to translate the startup ideas into commercial ventures.
- Successful ventures would further be eligible for venture funding of up to Rs 5 crore from Venture Capital Fund for SCs
- Youth identified by TBIs being promoted by department of science and technology.
- Students awarded under Smart India Hackathon or Smart India Hardware Hackathon being conducted under Ministry of Education.
- Innovative ideas focusing on the socio-economic development of the society identified in the TBIs.
- Startups nominated and supported by corporates through CSR funds.
- Venture Capital Fund for SCs- A fund launched by Ministry of Social Justice in 2014-15 to develop entrepreneurship among the SC/Divyang Youth by providing concessional finance to the entities of SC entrepreneurs.
- Technology Business Incubators: is type of a business incubator focused on supporting startups which use modern technology as primary means of innovation.
