| Log in

Govt Starts Rs 10 Crore Fund For Budding Designers

24 September, 2008

Union Minister for Commerce & Industry has announced the setting up of a Rs 10 crore Rolling Fund at National Design Business Incubator (NDBI). The incubator has been started by National Institute of Design (NID), Ahmedabad to promote entrepreneurship. “Needy young designers desirous of pursuing their business ideas through incubation route at NDBI can now avail this Rolling Fund support,” said Kamal Nath, Union Minister for Commerce & Industry.

NDBI was started in 2005 and provides two kind of incubation options. First is physical  incubatees, who can pursue their innovative ideas to transform them into business at NDBI, Ahmedabad, over a period of 6 to 18 months with support services/facilities available at NID. Then there is also the

option of virtual incubation.

With NDI and the rolling fund, the government plans to create a new breed of “Designpreneurs”. The government has also agreed to permit the NID faculty to have a share in their consultancy work.


Leave Your Comment
Karl Marx, who? It's Jack Dorsey & Steve Jobs inspiring Kerala StartUp Village

Karl Marx, who? It’s Jack Dorsey & Steve Jobs inspiring Kerala StartUp Village

Sainul K Abudheen 2 years ago
A couple of years ago, the Kerala Government set up a biotech incubator on the...
Budget almost a non-event for startups; service providers slapped with higher tax

Budget almost a non-event for startups; service providers slapped with higher tax

Priyanka Sahay 3 years ago
The Union Budget was as good as a non-event for the bustling startup ecosystem...
Cleantech investor Infuse to round off first fund with two more portfolio firms

Cleantech investor Infuse to round off first fund with two more portfolio firms

Manu P Toms 2 years ago
Cleantech-focused venture capital firm Infuse Ventures would soon finish making...
No Comments

Govt Starts Rs 10 Crore Fund For Budding Designers

Powered by WordPress.com VIP