IIM Sambalpur Gets I-Hub Foundation and 100-Cube Start-up Inaugurated by Education Minister Dharmendra Pradhan

Content Curator | Updated On - Jul 12, 2024

Union Minister Dharmendra Pradhan inaugurated the I-Hub Foundation, an incubation centre at IIM-Sambalpur aiming to support business start-ups in various sectors, including textile, art and culture. Read full details here!

New Delhi: On Friday, Union Education Minister Dharmendra Pradhan inaugurated the I-Hub Foundation, an incubation centre at IIM-Sambalpur. The foundation aims to help and support innovative ventures in diverse sectors such as textiles, art and culture, agriculture, healthcare, financial and digital inclusivity, tribal entrepreneurship, and sustainability.

Pradhan also launched the Sambalpur chapter of '100 Cube’ startups, envisioning the establishment of 100 startups on its premises. Each startup is targeted to achieve an approximate valuation of INR 100 crore by Odisha's centennial celebration in 2036.

Hon’ble Union Minister of Education and Skill Development & Entrepreneurship, Shri @dpradhanbjp, today, launched the Sambalpur Chapter of @100CubeOdisha, led by @iim_sambalpur, and inaugurated I-Hub, the dedicated incubator. The initiative aims to nurture a culture of innovation,… pic.twitter.com/D2TC03NtiY
— Ministry of Education (@EduMinOfIndia) March 1, 2024

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Emphasising the role of startups as wealth and job creators, Pradhan highlighted their contribution to economic opportunities for society's bottom segment.

Identifying healthcare, textiles, agriculture, mines, and minerals as priority startup sectors, Pradhan expressed that educational institutions like IIM Sambalpur serve as natural hubs for mentorship, leveraging the faculty's talent pool.

He highlighted the country's abundant resources and emphasised the need to connect these resources with new ideas, a challenge that incubation centres like I-Hub aim to address.

Director of IIM Sambalpur, Mahadeo Jaiswal, said, "Our unique proposition focuses on promoting local art, culture, and intellectual industry in regions rich in mineral and mining resources. We aim to add value to these sectors. Moreover, we are working towards establishing Odisha as a hub for start-ups and entrepreneurs."

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