Punjab Chief Minister Amarinder Singh on Friday launched Enable Startup Track Acceleration (ESTAC) programme during Progressive Punjab Investors Summit-2019, with an aim to foster entrepreneurship and innovation in the state.
ESTAC is a series of startup acceleration programmes created through a strategic partnership between the state government (Start-up Punjab Cell) and AIC, Indian School of Business, Mohali.
The programme focuses on supporting technology-led, scalable and investible growth stage startups in areas of government-enabled and private sector driven businesses, the state government said in a statement.
The first of the series of ESTAC programme focuses on agri-tech startups, while the subsequent ones will relate to e-mobility, grain procurement, electric metering and other agricultural innovations.
It will be a six-month programme commencing from March 1, 2020. Ten selected startups will be given the opportunity to participate in the ESTAC programme and secure pilot projects with the government of Punjab. PTI CHS