Thursday, September 25, 2008

Ahmedabad to promote entrepreneurship Govt ready to invest Rs 10 Crore Fund

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.

"Rs 10 crore Rolling Fund at National Design Business Incubator (NDBI)"
this was announced by 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.

The government has also agreed to permit the NID faculty to have a share in
their consultancy work.,