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 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
WE HUB will take their startup ideas forward, 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 entrepreneurship and startup ecosystem in 2 states, it also helps to 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 – Hyderabad, Telangana
CEO – 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
