On February 19, 2021 WE Hub(Women Entrepreneurship Hub), India’s first and only state-led incubator of the government of Telangana for women entrepreneur and Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) virtually signed a Memorandum of Understanding(MoU) to boost the entrepreneurship and startup ecosystem in Telangana and Jammu and Kashmir(J&K).
Aim: To provide a platform for budding entrepreneurs from Telangana and J&K. The partnership will promote women entrepreneurship.
Key People:
The MoU was signed by Jayesh Ranjan, Principal Secretary (Information Technology, Electronics & Communications-ITE&C) Government of Telangana who is also on the Board of WE Hub, and M K Dwivedi, Commissioner Secretary (Industries and Commerce Department) Government of J&K.
Provisions of MoU:
Pre-incubation programme
Under the MoU, the organisations┬а will start a pre-incubation programme for 60 aspiring entrepreneurs, 30 each from the two States.
This initiative will help create a startup exchange module between JKEDI and WE-Hub with five startups each from the two states.
Startup Ideas┬а
WE HUB will take their startup ideas forward,┬а track their progress and link them with suitable mentors, help them take beyond Proof of Concept (PoC).
It will also enroll the best ideas as virtual/physical incubates at JKEDI.
Co-incubation programme
Post the pre-incubation programme, the 60 startups will undergo a co-incubation programme.
This programme enables startups to upgrade to potential companies and receive rapid growth mentorship from the leaders at JKEDI and WE Hub.
Benefits
Apart from enhancing the┬а entrepreneurship and startup ecosystem in 2 states, it also helps to┬а establish entrepreneurship development cells, innovation and incubation centers in colleges. In colleges, a module of entrepreneurship course will also be offered along with other degree programmes.
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About WE Hub:
i.It is registered under Section 8 of the (Indian) Companies Act 2013.
ii.It is under the purview of Information Technology, Electronics & Communications(I.T E & C) Department, Government of Telangana.
Headquarters тАУ Hyderabad, Telangana
CEO тАУ Deepthi Ravula
About Jammu and Kashmir Entrepreneurship Development Institute (JKEDI):
It was established by the Government of Jammu and Kashmir in March 1997 to effectively enable entrepreneurship development in the state
Director– Ghulam Mohammad(G.M) Dar ( Jammu and Kashmir Administrative Service-KAS)
Headquarters– Srinagar, Jammu and Kashmir
