In a first, a special incubation centre for start-ups working on environment conservation is being set up in Indore.
Three entrepreneurs each from Ahmedabad, Vadodara and Indore have been finalised to start operations at the centre from December 22.
Located at the Govindram Sekseriya Institute of Management and Research premises, it aims to provide a platform to budding entrepreneurs working in the field of solar energy, biogas, biomass and other environment related subjects.
This incubation centre is part of the MP Incubation and Start-up scheme 2016. We have not taken any fund from the government.
The incubation centre will not only help the entrepreneurs but also inspire the existing college students to come up with their ventures.
Out of the 62 applications from across the country a special panel of 50 mentors specialised in the fields of energy conversation, three projects were selected after analysis and evaluation.
The mentors will have 6 - 8 per cent equity share in the startups.
The incubation centre has tied up with 10 investors across the country. The team of experts include solar energy specialist Deepak Gadhia, Ganjana Joshi and Dipal Chandra Barua among others.
