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Youth

Meghalaya Chief Minister Encourages Entrepreneurial Ecosystem for Inclusive Growth

Strategic Insights

— 1 min read

Meghalaya Chief Minister Conrad Sangma emphasized the importance of nurturing entrepreneurship as a driver of inclusive growth, while highlighting the government's efforts to create an entrepreneurial ecosystem. At the launch of PROBITES, a probiotic-based health food product developed by student entrepreneurs of St. Anthony's College, Sangma encouraged young people to pursue their ventures and build an ecosystem where more youth can participate with government support. The product integrates scientific research with entrepreneurship and aims to promote wellness across the state. The Chief Minister acknowledged the efforts of young innovators and expressed his enthusiasm for the kind of entrepreneurial ecosystem that is coming up, urging many more to come up with new ventures.

Key Takeaways:

  • Meghalaya Chief Minister Conrad Sangma encouraged young people to build an entrepreneurial ecosystem, emphasizing the government's vision of nurturing entrepreneurship as a driver of inclusive growth.
  • The PROBITES product was developed by student entrepreneurs of St. Anthony's College through the College's Centre for Entrepreneurship, Innovation & Incubation (SACCEII) and supported by PRIME Meghalaya.
  • The product aims to be both nutritious and accessible, promoting wellness across the state, and integrates scientific research with entrepreneurship.
  • Meghalaya's PRIME Meghalaya programme has supported around 300 startups, distributed Rs. 38 crores in funding to entrepreneurs, and sanctioned Rs. 146 crores to thousands of CM-ELEVATE beneficiaries.
  • The Centre for Entrepreneurship, Innovation & Incubation (SACCEII) has been recognized as the top-performing entrepreneurship cell in Meghalaya, having incubated various student ventures.
  • PRIME Meghalaya provides market-driven startups and entrepreneurs with support through incubation, mentoring, access to capital, and market linkages, creating a bridge between the academic sector and the enterprise support area.
  • Executive Director, PRIME Meghalaya, Saloni Verma announced plans to establish PRIME Hubs in all 56 blocks of the state.

Statistics:

  • Around 300 startups have been incubated through PRIME Meghalaya.
  • Rs. 38 crores in funding have been distributed to entrepreneurs through PRIME Meghalaya.
  • Rs. 146 crores have been sanctioned to thousands of CM-ELEVATE beneficiaries.
  • 24 colleges are supported by PRIME Meghalaya under its academia sector initiative.
  • PRIME Meghalaya aims to establish PRIME Hubs in all 56 blocks of the state.

Sources:

  • United News of India, "Meghalaya CM encourages entrepreneurial ecosystem".
  • Official website of PRIME Meghalaya (note: actual source was not provided in the original text).
  • HT Digital Content Services, "Meghalaya CM encourages entrepreneurial ecosystem".

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