Union social justice
and empowerment minister Thaawarchand Gehlot on Wednesday launched the “Ambedkar Social Innovation and Incubation Mission” to create start-up companies headed by
techies. The minister said under the project 1,000 youths belonging to the SC category would be identified in the next four years with start-up ideas through the Technology Business Incubators in various higher educational institutions.
They will be funded Rs 30 lakh in three years as
to help them translate their ideas into
. Successful ventures would further qualify for venture funding of up to Rs 5 crore from the Venture Capital Fund for SCs.