An innovation centre will be set up in Delhi soon in order to promote entrepreneurial potential in the youth, the Delhi government recently.
An official statement said Deputy Chief Minister Manish Sisodia had approved the setting up of the centre at the Delhi Emporium on Baba Kharag Singh Marg in central Delhi.
Sisodia said the emporium has sufficient space to accommodate the proposed centre and is ideally located to attract young entrepreneurs easily. The emporium has a total carpet area of 7,476 square feet.
The idea of setting up an incubation centre was developed during the Innovation Summit at Hyderabad in November last year.
Delhi being the national capital and centre of economic, social, educational, and technological activities is ideally placed for developing itself as a major centre of innovation and startup culture, said Sisodia.
The innovation incubator will work with entrepreneurs and raise the profile of its community of innovators and start-ups, thus creating jobs and help Delhi economy. It will house at least 50 innovators and startups at any point in time.
It would be an independent registered non-profit organisation and become an intersection for the startup community, government, corporate, academic and research sector. It will have a hostel-cum-residency facility for the entrepreneurs and researchers.
In 2017, Telangana government launched the Kakatiya Hub for Social Innovation in Nizamabad. Funded by the Telangana government, Kakatiya Hub will function like a rural incubator to encourage entrepreneurship at grassroots level, and is claimed to be India’s first social innovation centre. Bengaluru, on the other hand, is housing a biotechnology innovation incubator at Bengaluru Centre for Cellular and Molecular Platforms (C-CAMP), which will be aimed is to increase portfolio through partnerships.
With inputs from IANS