SRINAGAR: To promote the culture of entrepreneurship and innovation here, the Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) and the Department of Higher Education (HED) today in the presence of the Commissioner for Industry and Commerce (I&C) have issued a Memorandum of Understanding (MoU) signed. , Manoj Kumar Dwivedi and Commissioner HED, Talat Parvez Rohella, to share expertise and develop the entrepreneurship ecosystem and startup environment in Jammu and Kashmir colleges.
The MoU was signed between the Executive Director JKEDI, GM Dar and the Director Colleges J & K, Prof. MY Peerzada.
On that occasion, Commissioner I&C, Commissioner Manoj Kumar Dwivedi said that JKEDI is playing a central role in developing entrepreneurship in Jammu and Kashmir as it provides a platform for young educated youth to create livelihoods for themselves and others .
The Commissioner added that this Memorandum of Understanding will strengthen the entrepreneurship and startup ecosystem here as it will help us set up cells for entrepreneurship development. Innovation and incubation centers in colleges, as well as a module for the entrepreneurship course, are also offered in colleges with other courses of study this letter of intent.
“This is a historic day for both departments. We can share our expertise and build capacity among stakeholders. This will benefit students throughout the Union. There is no shortage of talent and this partnership will attract plenty of attention and the students will have no difficulty starting their own businesses, ”said MK Dwivedi.
In his address, HED Commissioner Talat Parvez Rohella said that JKEDI has a mandate to create entrepreneurship pathways in Jammu and Kashmir, and through this collaboration between JKEDI and HED, college entrepreneurship courses are being started for the younger generation that create jobs will be considered job seekers in times to come.
“This agreement will foster synergy between departments and contribute to knowledge sharing and the creation of a new generation of job creators. This step provides a platform for aspiring entrepreneurs and creates end-to-end solutions. You will be exposed to angel funding opportunities and the technical expertise to create a prototype, as well as assisting startups with upscaling and rolling out the end product, ”said Talat Pervez. “We will start with 14 colleges in Srinagar and Jammu cities and then expand to other regions of the Union territory,” he added.
In his welcoming address, JKEDI Executive Director GM Dar highlighted JKEDI’s achievements in the field of entrepreneurship, adding that with the Institute’s active support, more than 14,000 companies have been created in Jammu and Kashmir with a success rate of 90 to 95%.
“This partnership will strengthen the entrepreneurial ecosystem of our Union territory. JKEDI has more than 15 years of company formation experience. The college-level entrepreneurship education will nurture the startup culture and encourage innovation at the grassroots level, ”said GM Dar.
As part of this collaboration, JKEDI will run awareness programs for students at J & K’s colleges through various available entrepreneurship programs as well as capacity building programs for aspiring entrepreneurs. In addition to mentoring, the institute will also run entrepreneurship development training programs for faculties and students from various universities, support universities in setting up innovation and incubation centers, and offer start-ups network support. JKEDI will also prepare modules, credit-based courses in start-ups and entrepreneurship, and run special courses for HED’s colleges. The institute will also conduct Idea Challenges among students and provide mentoring for prototyping and commercialization of the selected ideas from innovations and startups.