Prayagraj-based private college United Institute of Technology has set up a state-of-the-art incubation centre -- called the United Incubation Hub (UIH).
The incubation centre, set up to help start-ups, was launched by Professor Pradeep Kumar Mishra, vice-chancellor of Lucknow-based APJ Abdul Kalam Technical University on Wednesday.
An incubation centre is a workspace created to offer start-ups access to the resources -- including management training, office space, and venture capital financing, among others.
“The incubation centre with advanced facilities and infrastructure will help the youth of Prayagraj and its surrounding regions in setting up their own businesses.” Mishra said during the launch.
Jagdish Gulati, president of the United Group of Institutions, urged students to avail of the benefit of the incubation centre.
Meanwhile, Shivesh Gaur, UIH CEO, said that the centre will not only provide physical incubation facilities but also extend online facilities to those living in remote areas to help them launch their own businesses.
On the occasion, a ‘Local Startup Meet’ was also organised at the college auditorium in collaboration with entrepreneurship cell of IIT Kharagpur.