New Delhi, September 09: The Indian Army will be conducting a three-day “Startup Weekend” at Shri Mata Vaishno Devi University in Reasi district starting from September 20 with a view to encourage the spirit of entrepreneurship in the youth of Jammu and Kashmir, an official said.
Workshop of ideas for next generation
Army’s Counter Insurgency Force (Uniform) will be conducting the workshop for coming up with ideas for the next generation. PRO (Defence) Udhampur Lt. Col. Abhinav Navneet said that it will be held under the aegis of White Knight Corps in association with Techstars, a Bengaluru-based startup seed accelerator.
Participants learn to launch their businesses
The ‘Techstars startup weekend’ is an entrepreneurial experience programme. The participants get the experience of building prototypes, take their ideas to the next stage and learn how to launch their businesses. “Today, India is one of the fastest emerging economies in the world and is well poised to acquire the status of a developed nation in the near future. However, in order to achieve the same there is a need to create more than 10 crore jobs,” Lt. Col. Navneet has been quoted as saying to a national daily.
He said that the Army is mentoring the youth of Jammu and Kashmir to become “job creators rather than job seekers” as it is aligned to this goal and aims at propelling growth in the region. He added that entrepreneurship is budding in the region and needs a focused approach and support. Amplification of startup culture, help in building entrepreneurial thinking and nurturing of the startup community locally will be done under the programme, the PRO shared. He informed that participants attending the programme are given one minute for pitching their ideas. These pitches are narrowed down to top ideas, and then teams are formed to come out with a prototype or a saleable model or project.
Lt. Col. Navneet said that the weekend ultimately culminates with demonstrations in front of an audience of judges and potential investors.
“The event is likely to witness huge draw from various colleges of the region as well as many budding entrepreneurs have already shown their interest,” he told the media.