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Delhi government launches incubation policy

Distributed Rs 1.5 crore each to six higher educational institutions for promoting entrepreneurship

Incubation Policy

BS Reporter 

Image via Shutterstock
Image via Shutterstock

In a move to promote a start-up culture in the capital, the Delhi government on Monday announced an incubation policy and distributed Rs 1.5 crore each to six higher educational institutions for promoting entrepreneurship.

Deputy Chief Minister and Education Minister Manish Sisodia gave the seed money . The beneficiary institutes were Ambedkar University, Delhi Technical University, Indira Gandhi Delhi Technical University for Women, Institute of Information Technology, Netaji Subhash Institute of Technology and Shaheed Sukhdev College of Business Studies.

According to Punya Salila Srivastava, secretary, training and technical education, a committee was appointed for this purpose under the chairmanship of Professor Yogesh Singh after an initial workshop was conducted last April. The Delhi Government said that it has accepted the recommendations of the committee.

"Incubation and start-up is a buzz word. But policies cannot be implemented around buzz words. Life, society, market, country can't run around buzz words. There has to be a concrete plan for that. There has to be a concrete implementation policy for that. Of course for that you need money also. You need seed money also. Now, if you have a good idea, a good plan and need money, we will give it to you", said Sisodia said.

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First Published: Tue, March 08 2016. 00:02 IST