The National Institute of Technology (NIT), Srinagar, has introduced India’s first technology company incubator centred on green technology (Green Technology incubation facility) called the “Greenovator Incubation Foundation”.
The Department of Science and Technology (DST) is extending its support to a three-year initiative known as Inclusive TBI (i-TBI) for educational institutions, idea generators, innovators, and entrepreneurs. This is in a bid to support innovative ideas and startup initiatives, and promote self-employment and job creation through incubation.
Reportedly, all expenses required to establish the Green Technology incubation facility centre will be provided by the Department of Science and Technology. At the same time, Startups will have access to the co-working space, which includes conference spaces, a prototype lab, and other amenities.
Besides, financial support in the form of seed money would be provided on an individual basis with equity by DST criteria.
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