Govt launches incubation policy to promote entrepreneurship

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

The institutes are — Ambedkar 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 for that. There has to be a concrete implementation policy for that. Of course, for that you need money also. You need seed money also. Now, if you have a good idea, a good plan and need money, we will give it to you,” Sisodia said.

“We don’t have any lack of talent, our people are running the world’s largest companies, but they don’t own them. Why? We have to take 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.”

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