Entrepreneurship Development Institute to nurture 10 start-ups a year

Entrepreneurship Development Institute of India (EDII), plans to nurture 10 start-ups a year at its new technology business incubator — Centre for Advancing and Launching Enterprises (CRADLE).

The centre will nurture startups in manufacturing, food or agriculture business, renewable energy and health care.

S Gopalakrishnan, cofounder of Infosys, is the chairman of CRADLE’s advisory board and the incubator will be open to selecting start-ups from its students, alumni and other would-be-entrepreneurs.

“Technology business incubators are the need of the hour to facilitate a rapidly evolving start-up ecosystem. We are also going to encourage entrepreneurship for students who wish to start ventures while studying,” said Gopalakrishnan.

EDII’s incubator will also facilitate speedy commercialisation of technologies developed in academic and research & devlopment institutions and create a robust network.