Aiming to support and nurture the startup ecosystem in the city, the Indore Smart City Seed Incubation Centre will now help the students of Devi Ahilya Vishwa Vidhyalaya (DAVV) turn their ideas into successful business projects.The Indore Smart City Development Limited (ISCDL) has signed a Memorandum of Understanding with the DAVV for the same. Notably, ISCDL will provide handholding mentorship to the budding entrepreneurs of the university by helping them right from the primitive stage.
MoU valid for the next 2 years
Under the umbrella of this project, ISCDL will provide hands on support to the students of the university through out their journey right from the stage of ideation to product development, marketing while providing financial and other assistance as well. The Smart City Seed will appoint experts across various subjects to train and mentor students as per their need.
Apart from the ISCDL, the alumnus and faculties will also assist the budding entrepreneurs of the university in developing their feasible ideas into successful business establishments. Reportedly, this agreement is valid for two years, however, depending upon the end-result, the project may be extended further as well.