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Eight Candidates From IIIT-Sri Metropolis Chosen For Central Govt's Startups Grants » All INDIA UPDATES

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TIRUPATI: Eight candidates from Indian Institute of Info Know-how (IIIT Sri Metropolis) with entrepreneurial aspirations have been chosen for the grant introduced by the union authorities for its flagship startup programme.

The Know-how Enterprise Incubator – Gyan Circle Ventures functioning on the IIIT has been chosen as a Group 2 Centre (G2C) underneath TIDE 2.zero scheme of Startup Hub promoted by Ministry of Electronics and Info Know-how (MeitY), with an preliminary funding for 5 years. The eight cohorts chosen on the TBI on Friday obtained their grant from Ravindra Sannareddy, Managing Director of Sri Metropolis, which can be the institute’s business companion. He assured to increase help to the grantees by connecting the brand new startups with the 190 corporations situated in Sri Metropolis compound for testing the merchandise or figuring out the primary set of consumers. Another applicant has been chosen as ‘Entrepreneur in Residence’, a school pupil who would work from the campus.

“The primary cohort purposes have been obtained in January for startup grants and the idea of thirty promising candidates have been thought-about and evaluated for viability, whereas eight of them have been lastly chosen”, defined IIIT-S Director G. Kannabiran. The candidates would get Rs.7 lakh to work of their chosen areas viz., healthcare, power, surroundings and agriculture.





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