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The state authorities on Thursday signed a memorandum of understanding (MoU) with the Cornell University in New York to arrange a world-class incubation centre in Maharashtra to present the required infrastructure and conducive surroundings for brand new entrepreneurs and revolutionary start-ups.
The MoU was signed in a web-based occasion held within the presence of Industries Minister Subhash Desai and senior officers. “This is the first time that a state in India is setting up an incubation centre through an MoU with an international university,” mentioned Desai.
Officials mentioned that 60 entrepreneurs will obtain coaching, steerage and monetary and administrative help yearly on the incubation centre from the college. Entrepreneurs holding a domicile certificates in Maharashtra will likely be in a position to participate within the programme. Those collaborating will get a certificates from Cornell University.
The officers added that the scheme will likely be applied on a pilot foundation for the primary three tutorial years and is estimated to value round Rs 7 crore per yr.
“The incubation centre will provide training to the entrepreneurs from the open category, SC/ST category and women entrepreneurs. For the centre, a 13,000 sq ft space at the Reliance Corporate Park in Ghansoli MIDC in Navi Mumbai has been finalised,” mentioned an official.
© The Indian Express (P) Ltd
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