SHILLONG | January 23, 2020:
The Government of Meghalaya hosted the Meghalaya Entrepreneurship & Start Up Summit on Tuesday, to create a dynamic and collaborative ecosystem for entrepreneurship support and development in Meghalaya through PRIME (Promotion of Innovative and Market Driven Enterprises).
The programme was organized by the Planning Department, Government of Meghalaya implemented by the Meghalaya Institute of Entrepreneurship (MIE), Meghalaya Basin Development Authority (MBDA) and Indian Institute of Technology- Calcutta Innovation Park (IIMCIP).
The Summit witnessed the launch of PRIME Programme, Honouring of Meghalaya Chief Minister’s E-Champions (Top 100 Entrepreneurs), Unveiling the state’s Entrepreneurship Promotion Strategy and Inauguration of Meghalaya’s first ever incubation hubs, the “PRIME” hub, for state entrepreneurs which will provide handholding, mentoring and incubation support to start ups and persons with innovative business ideas in order for them to upscale their business.
Chief Minister Conrad K Sangma, while addressing the programme said, “Our officials are a store house of talent and ideas and in order to tap this, we will soon launch an open challenge for the government officials in the state for them to come up with innovative ideas to existing issues and problems in the state”.
He also stated that a monthly award on the lines of ‘entrepreneur of the month award’ will be launched for outstanding musicians and sportspersons from the state in order to keep them motivated while also creating a strong base for the fostering of music & entertainment industry in the state. The same is set to be implemented from the financial year 2020.
The Chief Minister also stressed on the need to focus on music incubation centres given the fact that the state has a huge talent pool of musicians and artists whose talents remain untapped.
CEO of NITI Ayog, Amitabh Kanth said that Meghalaya has a huge potential in 4 main sectors and the same needs to be tapped at the earliest to provide a boost to the entrepreneurial ecosystem of the state.
He said, “Meghalaya has a huge potential in agricultural and horticultural sector, it can be a centre of high value added tourism and tinkering labs”.
While addressing the Top 100 Entrepreneurs selected through the Chief Minister’s E-Champion Challenge 2019, Amitabh Kanth also stated that the NITI Ayog would soon initiate a meeting of state entrepreneurs with India’s young and successful startups to enable idea sharing and networking which are the key drivers of entrepreneurship culture.
Out of the Top 50, the Top 25 entrepreneurs were felicitated by the Chief Minister with a cash prize of Rs. 1 Lakh (cheque), a certificate as well as a memento. The remaining 25 were felicitated with a cash prize of Rs. 50 thousand (cheque), a certificate as well as a memento. The rest of the Top 50 were awarded with a certificate and they have secured a place at the PRIME hub centre in Shillong and Tura for a period of one year.
The summit hosted an Award Ceremony cum entertainment evening with performances by Lamphang Syiemlieh, Megha Warriors, Rikune/ Snap Paka, fashion show, among others. A fashion show was also presented with local fashion designers from the state.
It may be mentioned that the summit was a culmination of the Chief Minister’s E-Champion Challenge Programme 2019 that was launched in August 14, 2019 by the Chief Minister with the objective of identifying and encouraging potential entrepreneurs from across the state.