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Ambedkar Social Innovation and Incubation Mission launched

  • Posted By
  • Categories
    Polity & Governance
  • Published
    9th Oct, 2020
  • 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.

Verifying, please be patient.