MY SPACE

In spite of rich natural resource base and the opportunities that come along with it, substantial population of the State particularly in the rural areas has to still grapple with very low incomes. Clearly it portrays the case of poverty amidst plenty. About half the people of Meghalaya live below the poverty line (Meghalaya State Planning Board, 2009). 

The State’s rural population is heavily dependent upon the natural resources for livelihood support. However, pressure on natural resources due to increased needs, unsustainable resource utilization, etc. warrant putting in place a developmental framework that ensures sustainable livelihoods, gainful employment opportunities, and inclusive growth. Thus these is a present need to set-up an incubators centre to enhance the entrepreneurship skills of the youth in the state with special focus on local resources. The State plans to set-up an Incubator to foster new ideas towards entrepreneurship in areas of native skills such as blacksmithy, pottery, handicraft and natural dyes.

The proposed mission of the incubator is to stimulate the establishment and growth of start-up companies and other compatible businesses. By fulfilling this mission, the incubator would contribute to job creation, and provide for enhanced economic health to the state.

The incubator would provide new and emerging technology and compatible businesses with an environment that would support their start-up phase and increase their likelihood of success. The proposed incubator includes facility space, shared use of common office equipment, direct business assistance and guidance, mentoring, networking to capital, and other technical resources 

Approximately 80 Incubates at a time would be served within the incubator. The facility initially will be located in the MBDA –SCSTE Office of Approximate Area of 4,500 sq.ft. and would initially include a mix of office and conference space. 

Programmes & Activities

• Physical Incubation
• Access to Finance
• Intellectual Property Rights
• Technology arrangement & technology transfer
• Mentoring & Coaching
• Networking & clustering
• Comprehensive business training programs
• Liasioning with departments towards compliances
• Help towards advisory boards & mentors
• Help with business etiquettes, processes & marketing