MEDIA RELEASE
BSE Institute Ltd announces launch of new zone for startups
Mumbai, February 4th 2016:
BSE Institute Ltd, a wholly owned subsidiary of BSE Ltd, announced the
launch of a new accelerator for startups. This accelerator is housed in
the iconic P. J. Towers the home of BSE, Asia’s oldest and the world’s
fastest stock exchange.
This
has been setup as a technology based incubator under the National
Science & Technology Entrepreneurship Development Board (NSTEDB),
Department of Science & Technology, Government of India. Zone
Startups India is the only stand-alone accelerator program in India to
be accredited this support.
Speaking
on this occasion, Ambarish Datta, Managing Director and CEO, BSE
Institute said “At the BSE Institute, we are happy to participate in the
startup India initiative through this venture. This is a true nation
building activity, since in addition to providing a platform for budding
startups, we also contribute to job creation through the hundreds of
jobs and internships at the startups that we are mentoring in our
accelerator. ”
This
initiative is in line with the startup India mission envisioned by our
Honorable Prime Minister Sh. Narendra Modi. With India becoming the
youngest nation in the world, job generation is a critical priority and
the startups emerging from this zone will support job creation. The
startup zone will also be a major innovation hub that will evolve
technology based solutions to address a gamut of business challenges.
This
momentous occasion also marked the completion of 2 years of
successfully mentoring over 66 successful startups in India. The
occasion was graced by a ministerial delegation of Kathleen Wynne
Premier from Ontario Canada. The delegation included Honorable Michael
Chan, Minister of Citizenship, Inmmigration and International Trade,
Honorable. Brad Duguid Minister of Economic Development, Employment and
Infrastructure, and Dipika Damerla, Associate Minister of Health and
Long-Term Care.
This
accelerator, is setup by BSE Institute in collaboration with Ryerson
Futures Inc (Toronto) the technical arm of Ryerson University from
Ontario, Canada.
The key objectives of Zone Startups India is:
· To focus on scalable, technology start-ups (both enterprise and consumer)
· To
recreate in India the successful model of the Digital Media Zone (DMZ) -
Ryerson's flagship program in Toronto; operational since 2010 &
incubated over 150 start-ups. DMZ ranked #1 university led start-up
incubator in Canada, #1 in North America, and #2 globally by the
University Incubator Network.
Warm Regards,
Richa Powale
Financial Services
Financial Services
M: +91 7045045508
T: +91 22 67574444 Ext : 310
E: richa.powale@adfactorspr.com
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