The state government of north-eastern Indian state Nagaland is funding the cash prizes amounting to Rs. 8.80 lakh that will be given to students with the most innovative ideas categorically, reported East Mojo.
Announced in the Startup India Nagaland Yatra, the contest aims to targets college/university students in Nagaland, wherein students with innovative Startup ideas will be selected for acceleration program, mentoring and will be incubated.
The categories of the prizes are:
- Hero of the State (Rs. 1,00,000);
- Innovative Ideas for Agriculture, and Technology (Rs. 60,000; Rs 40,000 and Rs 20,000 each in both categories);
- Top women Entrepreneur (Rs 60,000; Rs 40,000 and Rs 20,000 for the top three); TA/DA for 150 participants (Rs. 2,000 each).
Flagged off today, by chief secretary of Nagaland, Temjen Toy, the Nagaland Startup yatra van will stop at about 12 educational institutions of the state for first four days after which boot camps will be held in Dimapur and Kohima respectively for two days following which the Acceleration and Programme Mentorship will be organized.
Launched by Government of India and its Department of Commerce & Industries in collaboration with Invest India and Ministry of Industries & Commerce, the Startup India initiative was started in 2016 however the north-eastern states remain unaffected by the initiative.
According to a data by Ministry of Commerce and Industry, India’s north eastern states — Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura, accounts for only 0.144% of total 14,565 startups recognized under Start-up India initiative of Indian government.
Last month, in an another north-eastern state of Assam, a startup incubator initiative called ‘Assam Startup The Nest’ was launched in Guwahati, which will facilitate growth of at least 1,000 startups in Assam, over the next five years.