Rajasthan plans mega start-up incubation centre

Updated on Jun 06, 2018 10:24 PM IST
Bhamashah Techno Hub will have the capacity to accommodate 700 start-ups
Vasundhara Raje.(HT PHOTO)
Vasundhara Raje.(HT PHOTO)
Hindustan Times, | By

The Rajasthan government will launch Bhamashah Techno Hub, one of the largest incubation centres in the country with a capacity to accommodate 700 start-ups, to give innovation a boost, officials said.

Chief minister Vasundhara Raje will inaugurate the hub, spread over more than one lakh square feet area, in July. The aim is to provide a platform to boost start-ups in Rajasthan by providing world-class infrastructure, advisory support and funding – all at one place and free of cost.

“Providing state-of-the-art facilities free of cost to start-ups will give a jump-start to entrepreneurs of Rajasthan and enable them to prove their mettle to be leaders not just in India, but across the world,” said Akhil Arora, principal secretary of the state department of information technology and communication.

To state government has also announced a Rs 500-crore fund to strengthen the startup ecosystem in Rajasthan. The start-ups will be innovative, knowledge-based and emerging technology ventures. Selection of start-ups is currently underway and the department has so far received more than 350 applications.

“Every start-up is assessed using the Qrate assessment framework; they are assessed based on a set of parameters before they are given space,” said an IT department official.

The facilities at the hub will include high-speed internet, world-class workspaces, video-conferencing rooms, individual and shared offices, apart from other infrastructure.

The state government will also provide full-time onsite mentors for the overall growth and promotion of start-ups. Mentors are experts with a background in having set up or worked for start-ups.

Officials say the free-of-cost facility will allow the start-ups to focus on expanding their business. The hub will also have tinkering labs to foster curiosity, creativity and imagination in budding entrepreneurs and inculcate skills, such as adaptive learning computational thinking and physical computing through do-it-yourself mode.

The state government’s flagship start-up programme, iStart, of which the Bhamaashah Techno Hub is a part, employs a three-pronged strategy to help start-ups gain momentum. Under iStart, about 70 start-ups are being currently incubated in Jaipur, Udaipur, and Kota.

The government is in touch with VCs, angel investors and financial institutions. Start-ups also get the opportunity to showcase their ideas and ventures at international industry events abroad.

Participating start-ups will be initially housed at the Bhamashah Techno Hub for four months, which can be extended after evaluation.

Close Story

Less time to read?

Try Quickreads

  • Sections of the IPC were imposed on Sabauddin, including 121-A (waging war against the country), 122 (collecting arms with intention to wage war against the country), 123 (concealing existence of design to wage war against the country) and sections 13 & 18 of the Unlawful Activities Prevention Act (UAPA) among others. (Pic for representation)

    ‘ISIS operative’ in judicial custody till Aug 22

    LUCKNOW Suspected ISIS operative Sabahudeen Azmi, who was arrested by the UP ATS from Azamgarh on Tuesday, was on Wednesday remanded to judicial custody till August 22. Illegal firearms and raw material to prepare crude bombs were recovered from Sabahudeen who was presented before the court late on Monday evening. Azmi was in contact with recruiters of the ISIS and planning an attack on Independence Day, cops said after his arrest.

  • The AU campus in Prayagraj (HT File Photo)

    AU UG students to study modern leaders, writers and musicians

    The Allahabad University's department of medieval and modern history has decided to expand the scope of the syllabus to be taught to undergraduate students under the new National Education Policy. Under the provisions of the new National Education Policy, a four-year undergraduate course will be launched at AU from the academic session 2023-24 and this new curriculum is being prepared for this very course, they added.

  • The Armed Forces have established their first EIC at the Command Hospital. (HT FILE PHOTO)

    Early intervention centre opens at Command Hospital

    Regional president, Anita Nain, AWWA (Army Wives Welfare Association) in the presence of Maj Gen MS Tevatia, Commandant, Command Hospital, inaugurated an early intervention centre at the hospital under the Southern Command on Monday. Department of paediatrics, head, Col Karthik Ram Mohan, said that each child born at this hospital and those visiting the paediatric and paediatric neurology OPD will be screened for any defects or disabilities.

  • EPFO officials had sought all related documents from the civic body, but the LMC accounts department was not able to do the needful. Subsequently, EPFO officials reached the LMC office on Tuesday to get these documents. (Pic for representation)

    Where has PF of 10,000 sanitation workers gone?

    LUCKNOW The Employees' Provident Fund Organisation began investigation into the alleged scam in the PF of around 10,000 sanitation workers of the Lucknow Municipal Corporation. Around 30 private manpower supply agencies had sourced around 10,000 sanitation workers to the municipal corporation. They took money from the LMC for depositing it into the EPF accounts of these employees, but did not do so. After this, municipal authorities reported the matter to the EPFO, said civic officials.

  • With the new academic year beginning, medical students who returned to India from war-torn Ukraine are facing difficulties in retrieving their university documents from Ukraine. (REPRESENTATIVE PHOTO)

    Ukraine-returned med students unable to get documents from varsity

    It's been a difficult time for Karan Adhe, 22, a second-year medical student who returned from Ukraine four months ago after the Russia-Ukraine war broke out. He is now unable to get back his educational and other documents from his university in Ukraine. There are thousands of such students who either want to cancel their admission in Ukrainian universities or their parents do not want to send them back to the war-torn country.

Story Saved
Saved Articles
My Reads
Sign out
New Delhi 0C
Wednesday, August 10, 2022
Start 15 Days Free Trial Subscribe Now