IIM Calcutta Innovation Park and ICC signed MoU for energizing startup ecosystem in East and Northeast India

Most of these start-ups are revenue generating and have reported a cumulative turnover of Rs. 50 crore in FY18.
Vamsi Athreya

Updated: Nov 23,2018 09:42:42 am

IIM Calcutta Innovation Park and ICC signed MoU for energizing startup ecosystem in East and Northeast India

23 November 2018 Current Affairs:The Indian Chamber of Commerce (ICC) signed a memorandum of understanding with the IIM Calcutta Innovation Park to help facilitate incubation of start-ups primarily in the Eastern and North Eastern states.
The main focus on developing start-up ecosystems that make a socio-economic impact in the eastern and north eastern states.
The park is currently incubating 40 startups with almost half from Bengal. It will further add 10 more by the end of this fiscal.
The company has in the last two years selected 25-odd start-ups for incubation.
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