Guwahati: The Indian Institute of Entrepreneurship (IIE), Guwahati, today signed a Memorandum of Understanding (MoU) with the Incubation and Enterprise Support Centre of the Indian Institute of Management Shillong (IIMS) to strengthen the North Eastern Region's entrepreneurial ecosystem (NER).

The goal of this collaboration is to promote entrepreneurship, incubation, and startups in the North Eastern Region. The institutes will collaborate and share information and resources to support professional development in management, entrepreneurship, and skill development, as well as to meet the greater demand for capacity building and entrepreneurship promotion in the NER.

Rajesh Aggarwal, Secretary, Ministry of Skill Development and Entrepreneurship, stated that the Northeast has tremendous potential that is just waiting to be discovered. This collaboration will help to create an environment in which startups and entrepreneurs can thrive in the region by not only supporting and encouraging locals, but also providing them with formal training, professional mentorship, and the technical know-how required to run a successful business. He stated that our goal is to foster an entrepreneurship-enabling ecosystem in the Northeast that promotes innovation and growth.

Both institutes will benefit from each other's strengths in promoting skill development in the NER and the country as a whole by collaborating on this initiative. Under the Incubation and Enterprise Support Centre, IIM Shillong, the institutes will conduct certified courses on entrepreneurship development as well as train startups and incubates.

In addition, they will promote educational lectures, workshops, exhibitions, and other knowledge dissemination programmes throughout the region. Both institutes will share infrastructure facilities such as laboratories, libraries, incubation centres, and so on for the benefit of the incubates and beneficiaries' research. Faculty from both institutes will participate in the incubation center's mentoring, training, workshops, and evaluation juries.