Delhi Govt launches incubation policy to promote entrepreneurship

Seeking to promote entrepreneurship among the youths in the city, Delhi Deputy Chief Minister Manish Sisodia launched an incubation policy and distributed seed money of Rs 1.5 crore each to six higher educational institutions under the scheme on March 7th.

The institutes are -A mbedkar University, Delhi Technical University, Indira Gandhi Delhi Technical University for Women, Institute of Information Technology, Netaji Subhash Institute of Technology and Shaheed Sukhdev College of Business Studies (DU), according to Delhi government.

Addressing a gathering at the Delhi Secretariat, Sisodia said, incubation and start-up is a buzz word but policies can't be implemented around buzz words. "There has to be a concrete plan and implementation for that. Of course, money plays a pivotal role and the government will pitch in everytime there is a good idea and a good plan"

Adding to his previous statements, Mr.Sisodia says,"We don't lack talent, our people are running the World's largest companies, but they don't own them. Ask them why? It is mainly because we have to empower and lead our children in a direction where they don't dream of getting jobs but giving jobs. The incubation policy is a major step in that direction."