State govt asks varsities to support start-ups

7Ahmedabad: Academia seems to be the driving force behind the prime minister’s agenda of Start-up India in his home state. After Gujarat University operationalized its start-up incubator recently, the state education department has, in a letter, asked all public universities to create necessary physical infrastructure and be ready with a pool of experts to encourage students towards innovation and entrepreneurship. The department will soon come out with a model Student Startup Policy for universities.

The infrastructure would comprise large working spaces with computers and internet facilities, where students will get an opportunity to validate their ideas. Gujarat University recently inaugurated its co-working space as part of its ‘Gujarat University Student and Entrepreneurship Council (GUSEC)’. It now has over a dozen start-ups working with it.

Sources in the start-up ecosystem say that it is necessary to bring public as well as affiliated universities together as a means to cater to over 90% of graduating students. The proposed policy can potentially be a game changer..

In spite of the fact that there are about 10 central government funded start-up incubators apart from the 12 nodal institutions (NIs) approved by the Gujarat government in and around Ahmedabad, the city is lagging behind centres like Jaipur and Indore in terms of funds raised through start-ups. Against an allocation of Rs50 crore for the state government’s Start-up Assistance Scheme in Budget 2015-16, only Rs1.8 crore was disbursed, and that too was not for start-ups.

Courtesy : DNA

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