‘Univs should set up incubation centres to tap entrepreneurial talent among youth’

Entrepreneurship played a crucial role in economic growth and employment generation

Vishakapatnam, Dec 8 (Mayank Nigam) Vice President M Venkaiah Naidu on Tuesday asked universities to set up incubation centres to tap and nurture entrepreneurial talent among youngsters and appealed to the corporate sector to come forward to fund and promote entrepreneurial ecosystem on university campuses. Emphasising that fostering student-entrepreneurship through innovation programmes was extremely critical, Mr Naidu addressing the TiE Global Summit-2020 through video conferencing from Visakhapatnam, said universities need to establish close linkage with industries to mentor and handhold students with novel business ideas.

Mentioning that the youth comprise about 65 per cent of India’s population, Mr Naidu stated that entrepreneurship played a crucial role in economic growth and employment generation and appreciated the Government for creating an enabling environment through Start-up India. “Fostering entrepreneurship is not just about crafting the right economic policy, or developing the best educational curricula, it is about creating an entire climate in which innovation and ideas flourish,” he said and added, “When entrepreneurs succeed, they create economic opportunity not only for Indians, but for people all over the world.” The IndUS Entrepreneurs (TiE) is a Silicon Valley-based non-profit organisation supporting start-ups through networking and its Summit-2020 will be showcasing opportunities to get mega investments into India. He also wanted a special drive to be launched for promoting entrepreneurship among women, pointing to the huge potential for promoting women entrepreneurs in the country and expressed happiness over the fact that TiE has impacted 50,000 aspiring women entrepreneurs through mentoring. Union Minister Nitin Gadkari, President, TiE Hyderabad, Sridhar Pinnapureddy and Mahavir Sharma, Chairman, TiE Global Board of Trustees, TiE India Angels and RAIN were among the dignitaries who attended the virtual event.