‘Future Tycoons: Start-up Challenge’ Project launched in Patiala – Times of India

The ‘Future Tycoons: Start-up Challenge’ project was jointly launched by Deputy Commissioner Sakshi Sawhney, Municipal Commissioner Aditya Uppal, A.D.C. (Urban Development) Gautam Jain, local industrialists, members of self help groups and other local businessmen of the district.

Gurdev Singh Dev Mann MLA of Nabha constituency who was especially present on the occasion lauded the initiative of the district administration and also commended the release of Yellow Pages Directory of the skilled youth of the district and various professions under the Punjab Skill Development Mission. On this occasion a cheque of Rs. 3 lakh was handed over to Trijan Kala Sangam Self Help Group by Startup Punjab.

Patiala DC Sakshi Sawhney said that with the launch of this project, Patiala has become the first district not only in Punjab but also in the country to reach out to the people of the community who are involved in their own small business or are members of self help groups. The district administration, with the help of local industry Angel investors, will provide a suitable platform for further development of their business, industry or enterprise, she added.

She further said that under this project, students, young people, women, differently abled persons and the general public or those already doing their big or small business, who want to expand their business or start a new business, can start a new venture or business, their new ideas, plans or suggestions are sought.

She said that within a month till June 12, this year, the future entrepreneurs who submit the best concepts, ideas or plans to DBEE (District Bureau of Employment Enterprises) or the link http://surl.li/bwwyq, a few selected will give their presentation and the winners in each category will get Rs. 51-51 thousand, in addition to cash, seed funding, investment assistance from angel investors, loans and subsidies, registration on start-up portals etc. will be provided. However, those who send better ideas, as consolation, will be given the facility of bank tie-up and consultation.

“The state government aims to provide jobs to the youth as well as provide a conducive and positive environment for them to start their own ventures. To meet this goal, District Patiala has launched the ‘Future Tycoons’ Start-up Challenge Project, a unique initiative not only in Punjab but also across the country. Under this project our objective is to provide an Impetus to innovative start-ups to come forward and drive catalytic transformation in sectors like, any social issue including health, education, agriculture and allied, information technology, biotechnology, rural entrepreneurship, social fabric, electronics, environment and energy etc sectors, can really change their lives”, she added.