The US Consulate General, Kolkata today launched a support programme for young entrepreneurs in the eastern region.
The 'Youth for Business-Y4BIZ' programme aims to support a group of 50 young entrepreneurs and transform their ideas from the initial stage to a sustainable business model, Director of the American Center and Public Affairs Officer of the US Consulate General, Kolkata, Jamie Dragon said in a release.
The scheme is part of a series of activities in the run up to the upcoming Global Entrepreneurship Summit (GES), scheduled for November 28-30 in Hyderabad.
"Youth entrepreneurship development is a proven strategy that positively impacts the lives of young people. This project seeks to foster a culture of entrepreneurship in eastern India and to strengthen linkages between American and Indian youth leaders," Dragon said.
The initiative, launched in collaboration with social enterprise Contact Base, will cover four cities in eastern India (Guwahati, Patna, Ranchi and Kolkata).
The 50 entrepreneurs will be selected by a screening process after the launch events in all four cities.
The top 10 business ideas will be showcased before industry leaders, investors and policy makers.