Prime Minister Modi and Israeli Prime Minister Netanyahu devote iCREATE
Prime Minister Modi and Israeli Prime Minister Netanyahu dedicated to the nation, the iCREATE facility located on the outskirts of Ahmedabad. iCreate is an independent Centre created with the objective of facilitating entrepreneurship through a blend of creativity, innovation, engineering, product design and leveraging emerging technologies to deal with major issues such as food security, water, connectivity, cybersecurity, IT and electronics, energy, bio-medical equipment and devices etc. iCreate aims to develop an ecosystem in India to generate quality entrepreneurs.
Addressing the gathering, the Prime Minister said that innovation has a key role to play in bringing the people of India and Israel, closer to each other. He said the entire world has taken note of the technological prowess and creativity of Israel.
He said the youth of India has energy and enthusiasm. What the youth needs is a bit of encouragement and institutional support, he added.
What is iCreate?
The centre aims to provide technology and assistance to “the innovative and imaginative minds in their entrepreneurial journey.”
A joint venture between Gujarat Mineral Development Corporation Limited (GMDC) and Gujarat Entrepreneurship and Venture Promotion Foundation (GEVPF), iCreate is an independent centre to promote Narendra Modi’s ‘Start-up India’ scheme. The centre aims to provide technology and assistance to “the innovative and imaginative minds in their entrepreneurial journey.”
Who are part of the project?
Business leaders from various sectors have associated with the project. Under the helm of Dilip Shanghvi, MD, Sun Pharmaceutical Industries Limited, the advisory board also consists of Uday Kotak, Executive Vice Chairman and MD of Kotak Mahindra Bank, Narayan Murthy, Infosys co-founder and Professor Jagdish Bhagwati among others.
How does iCreate function?
iCreate provides 13-week grooming program to equip an individual with the right skill and tools required in the entrepreneurial world. At the end of this, the participants have the option to pitch their idea for further development. The proposals are evaluated by an independent panel and selected subsequently. Financial assistance up to Rs 50,000 is provided by the venture for few deserving pitches. Apart from this, a platform is also provided for the participants to meet leaders from various sectors.
Who can participate in iCreate?
Students, existing entrepreneurs, traders, small sized businessmen can participate in the program. The skeleton business panel will be evaluated by the mentors and further guidance will be provided.
Why the name iCreate?
“The ‘i’ of iCreate has been kept in small letters for a reason. The biggest hurdle towards creativity is ‘I’ becoming big,” Narendra Modi said during the inauguration.
