Incubation Cell for the budding entrepreneurs

[tanvir hussain]

Educomp Raffles Higher Education Ltd has formulated an Incubation Cell
for the budding entrepreneurs of JRE Group of Institutes. The
objective of the Incubation Cell is to promote entrepreneurship among
the students. The seed amount of the Incubation Cell is Rs. 1 Crore.

Explaining the process, Harpreet Singh, Executive Director, Educomp
Raffles Higher Education Ltd said, “The Incubation Cell has been
formulated for those students who have a flair for entrepreneurship.
The company board has approved Rs. 1 Crore for this fund. Here the
students will have to formulate the business plan in the second year
of their management term. The business plan will be scrutinized by the
committee. After the scrutiny of applications, the selected applicants
will have to make presentation of their business plans to the
committee.”

Sharing the idea behind setting up the Incubation Cell, Mr. Singh
said, “Both Educomp and Raffles are run by entrepreneurs. We wanted to
encourage the budding entrepreneurs. This is the first time we are
taking such an initiative. If all goes well, the other venture
capitalists will put more money in the seed amount.” for more
informtion check the website: www.maps.edu.in