Nurturing entrepreneurship and talent, India gets its largest incubation for startups in Rajasthan

Jaipur, August 24: Aiming to make Rajasthan a digital hub, the states government's efforts in the digital space are aimed at nurturing entrepreneurship and talent. Chief Minister Vasundhara Raje inaugurated the country's "largest" incubation center for startups. With this, India gets its largest incubation and acceleration center for startups in the Bhamashah Techno Hub.

Inaugurating the Centre, CM Vasundhara Raje said the state government does not work for propagating what it does. The Techno hub intends to be able to accommodate over 700 startup ventures with 1.50 lakh square feet of incubation space and also help them get connected with potential investors.

It would offer free space, connectivity, easier funding, mentorship and exposure to budding startups, according to the state government. The state government has already announced setting up of a Rs 500 crore startup fund Bhamashah Techno Fund. Out of the total amount, Rs 50 crore has been earmarked for green startups and Rs 100 crore for women startups.

The Chief Minister emphasized saying that 2014 saw Rajasthan dig out the old initiatives, dust, repair and renew them. The digital communication backbone touches lives in every Gram Panchayat – 10,000, spread over, 10% of India. Rajasthan’s IT Infrastructure was redefined in 2004 and today, with an evolved all-round digital connectivity, the first State Data Center setup and Common Service Centers.