MOE - AICTE Investor Network
MOE- AICTE Investment Network : Investing into the dreams of the Nation to realize the goal of 'Viksit Bharat 2047'
Union Minister for Education and Skill Development & Entrepreneurship, Shri Dharmendra Pradhan inaugurated the ‘Ministry of Education – AICTE Investor Network’ in New Delhi today, marking a significant step towards strengthening India’s education sector. The event was graced by the presence of Secretary, Higher Education, Ministry of Education, Shri K. Sanjay Murthy; Chairman, AICTE, Prof. T.G. Sitharam; Vice Chairman, AICTE, Dr. Abhay Jere; Chairman, National Educational Technology Forum NBA NAAC, Prof. Anil Sahasrabudhe and other dignitaries, who lauded the government’s efforts in promoting and facilitating investment in education.
Speaking at the launch, Shri Dharmendra Pradhan emphasized that this initiative marks a revolutionary new beginning, bringing together students, faculty, investors, and the market onto one platform to bolster the culture of innovation and address the critical issue of start-up funding. As we align ourselves with NEP 2020, this concrete step further propels the start-up landscape forward, in line with the vision of the esteemed leader, Prime Minister Shri Narendra Modi, who aspires to make India the ‘numero uno’ destination for start-ups and innovation.
Shri Pradhan emphasized the significance of the MoE-AICTE Investor Network, stating that it will provide comprehensive assistance to dynamic innovators throughout their journey from idea conception to becoming a profitable start-up. Venture capitalists not only function as investors but also as mentors and partners, going beyond their prescribed role. All mentors and partners are encouraged by Shri Pradhan to invest in emerging ideas from schools and HEIs. Investing in not just business, but also the nation’s aspirations, is critical to achieve the vision of Viksit Bharat 2047.
While delivering the welcoming address, AICTE Chairman Prof. T.G. Sitharam highlighted the importance of collaboration between innovators and investors in driving innovation, fostering entrepreneurship, and bringing new ideas to fruition. He emphasized that the strategic partnership through the Investor Network creates an environment that encourages the generation of new ideas, inventions, and solutions to existing problems. By successfully collaborating with investors, innovators can create sustainable businesses that deliver value to customers, generate returns for investors, and contribute to the growth and development of innovation ecosystems and regional economies.
Also Check about the New MY Bharat Portal for Viksit Bharat 2047
Over 50 Investors and Industry leaders from diverse sectors attended the launch. This event provided a fantastic opportunity to network and catalyse partnerships that drive innovation and growth. The attendees were able to foster meaningful connections and advance initiatives that benefit both investors and innovators. During the event, the investors held an interactive session with Shri Pradhan. This allowed them to exchange visionary ideas and gain valuable insights into the future of education, technology, and innovation.
A steering committee consisting of 10 members, led by Dr. Abhay Jere, has been established to ensure the successful onboarding of 100 various investors to the ‘MoE-AICTE Investor Network’. This committee will aid in drafting and developing policy documents and working guidelines, creating funding guidelines and parameters for investors, preparing eligibility criteria for startups and innovators who are seeking funding, as well as monitoring and tracking the progress of funded projects.
Dr. Abhay Jere briefed about the programme and informed how the ‘Ministry of Education – All India Council for Technical Education Investor Network’ will facilitate opportunities for investors to support innovative ideas within Higher Education institutions. The strong collaboration between Investors and Innovators has the potential to bridge the gap between investors seeking meaningful investment opportunities and budding student and faculty startups striving to enhance their growth in innovation, thereby paving the way for the overall development of the education sector in India, he added.
The MoE – AICTE Investor Network is an innovative initiative established in collaboration with AICTE and the Ministry of Education’s Innovation Cell (MIC) with a vision to promote innovation and entrepreneurship in the education sector. The network provides essential financial support, mentoring, and strategic guidance to early-stage student or faculty-led startups, aiming to encourage private investment in these emerging businesses. The Ministry of Education is committed to creating a dynamic ecosystem for innovation and entrepreneurship, in line with the vision of Prime Minister Shri Narendra Modi.
The MoE-AICTE Investor Network is launched with the objective of empowering educational institutions to become innovation hubs, fostering a conducive environment for start-up development, facilitating entrepreneurship by transforming innovative ideas into scalable and sustainable businesses and providing startups with essential resources, mentorship, seed capital, and potential investors.
The Investor Network is dedicated to creating lasting connections between investors and transformative educational initiatives. The goal is to foster collaboration and advance the use of technology in education. In conclusion, this is an initiative that can bridge the gap and create a brighter future for students around the world.
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