NITI Aayog will be funding 80 Incubation Centers

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To encourage and help to grow the Indian start ups, with is kind of view the policy making tank, NITI Aayog, will be providing funds to 80 Incubation Centers which will include Atal Incubation Centers along with Established Incubation Centers  (EICs) in the whole country.

The Minister of State for Commerce and Industry C.R Chaudhary tells to Lok Sabha that there are 80 incubation centers which the government has selected so that they provide funds from the NITI Aayog under  the second phase of Startup India Program.

The name of selected 80 incubation centers which are going to be funded  is still not made official by NITI Aayog.

But it has been confirmed by NITI Aayog  that Atal Incubation Centers and Established Incubation Centers (EICs) will surely getting the fund for innovative start ups in the second phase. These are the best ones to expect best result from the investment.

One of his replies in written format by C.R Chaudhary stated that under the Start up India Hub there are more than 550 start ups got their mentorship, and there are 2,20,000 start ups got registered with almost one lakh queries were handle by the team with total success. The team is working with great unity that is helping the start ups to get benefit from it.

Under this funding round, NITI Aayog had selected 19 incubation centers. These 19 incubation centers are well efficient will giving great start ups. Thename of these incubation centers are still not known by the official by soon it will be revealed.

There are some announcements made by Prime Minster Narendra Modi, in which he talked about Start up India and Start up Initiative on Independence Day in the year 2015. He has a dream of innovative India, in which India will have his own idea of innovation and will manufacture his own idea. This will provide employment to all the youngsters to get benefit from it.

This big step was officially launched by our former Finance Minister Mr. Arun Jaitely in January in the year 2016. Jaitely was concerned about the Prime Minster’s dream of Start up India, so to support his dream Jaitely was totally dedicated.

The main goal of this program is to foster the entrepreneurship and giving more chance to innovations so that they can perform better.

Startup/Tech News Correspondent, Responsible for gathering information on the tech companies working on IOT, AI, ML, Cloud, Mobile Technologies, Holds the Bachelor of Asian Academy of Film & Television,Varsha can be reached at [email protected]

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