Gyan Circle Ventures – Inaugurated by Union Education Minister

                      Gyan Circle Ventures – Inaugurated by Union Education Minister

has inaugurated the Gyan Circle Ventures on October 8, 2020. It is a MeitY funded Technology Business Incubator (TBI) The Union Minister for Education Ramesh Pokhriyal developed by the Indian Institute of Information Technology (IIIT), Andhra Pradesh.

Contents

·         Gyan Circle Ventures

·         Significance

·         Technology Business Incubator (TBI)

·         Technology Incubation and Development of Entrepreneurs (TIDE 2.0)

·         MeitY Startup Hub (MSH)

Gyan Circle Ventures

Gyan Circle Ventures has been approved by the Ministry of Information Technology (MeitY). It functions as a Technology Incubation and Development of Entrepreneurs (TIDE 2.0) incubation center. These incubator would hold the institutions’ entrepreneurial spirit by utilizing its intellectual capital. It would also encourage the young minds to engage in using emerging technologies including the  Artificial Intelligence (AI), Block-chain, Cyber Physical Systems (CPS), Cyber Security, Internet of Things (IoT) and Robotics.

Significance

·         These, ‘Gyan Circle ventures’ have the potential to infuse entrepreneurship in young minds.

·         It would also encourage them to become successful innovators.

·         The Gyan Circle Ventures would also serve as a hub for innovation and startups by providing support in the form of investments, infrastructure and mentoring.

Technology Business Incubator (TBI)

The TBI will have an Advisory Committee. It would comprise of leading industrialists, entrepreneurs and technical experts. The TBI  would enable incubates to hold expert mentors and networks from academia as well as the industry. The incubator would serve as a catalyst for advancing the society-conscious entrepreneurship and would encourage job creation.

Technology Incubation and Development of Entrepreneurs (TIDE 2.0)

TIDE 2.0 scheme was launched to promote the tech entrepreneurship by providing the financial and technical support to incubators who are engaged in supporting startups. These startups are primarily engaged in using technologies such as IoT, AI, Block-chain, Robotics etc. This Scheme would be implemented by empowering 51 incubators and handholding around 2000 tech start-ups in a period of 5 years. The financial support for startups will be provided to Facilitate IPR filings.

MeitY Startup Hub (MSH)

The MSH would be setup under TIDE 2.0. It will ensure linkage in the TIDE centres,  theme based incubation centres and Centre of Excellences on emerging technologies.