GUWAHATI: In line with the government’s Assam Start-up Policy, the Indian Institute of Technology Guwahati has inked two Memoranda of Understanding (MoUs) to support start-ups and enhance industry-academia collaboration in the Northeast.
The institute formalised the MoUs with the Assam Industrial Infrastructure Development Corporation (AIIDC) and the Federation of Indian Chambers of Commerce & Industry (FICCI) to develop an entrepreneurial ecosystem in the region.
Inked today at the IIT Guwahati campus, the MoUs were signed by the newly appointed Director, Prof. Devendra Jalihal, AIIDC Managing Director, Chinmoy Prakash Phookan, and Sumeet Gupta, Assistant Secretary-General of FICCI.
The agreements aim to promote entrepreneurship through technology, innovation, and value-added activities.
“Through our recent collaborations with FICCI and Assam Startup, we are hopeful to foster a vibrant ecosystem where budding entrepreneurs can transform their innovative ideas into successful businesses,” said Prof. Jalihal.
According to the MoU, IIT Guwahati will co-incubate startups selected under various programmes affiliated with both organisations.
IIT Guwahati will provide mentoring and technological support, while Assam Startup under AIIDC will offer business support.
With FICCI, IIT Guwahati will create a framework to support entrepreneurial activities in the Northeast, focusing on agriculture, women’s development, and sustainability.
“FICCI aims to play a pivotal role in empowering startups in the Northeast, driving economic growth, and positioning the region as a significant contributor to the nation’s economy on a global stage. Our collaboration with IIT Guwahati will further strengthen this initiative, combining academic expertise with industry support to create a robust startup ecosystem,” said Gupta.
At the signing event, IIT Guwahati has also launched a six-week residential bootcamp with a total of 51 startup participants from the Northeast.
Designed to provide a robust platform for aspiring entrepreneurs, the program aims to host extensive expert sessions, mentoring support, and financial aid opportunities for budding entrepreneurs.
