Rs 10 lakh awarded to 20 innovators from across the state
PAMPORE: Principal Secretary, Industries and Commerce Department, Shailendra Kumar on Friday appreciated the response of the people from different age groups towards the field of innovation and entrepreneurship. He said “it is a humble beginning” for the state of Jammu and Kashmir and assured all possible help to the innovators so that they are able to convert their ideas into profitable ventures.
He was speaking at the culmination of the 23-day-long ‘Startup Yatra J&K’ – an initiative to promote startups, at Jammu and Kashmir Entrepreneurship Development Institute’s main campus Pampore with the ‘grand finale’ here on Friday.
The finale was marked by the distribution of awards (prize money) among 20 innovators from the state in the fields of agriculture, social, technology and ‘womenpreneur’ and a ‘special jury award’, an official handout read.
“Government is there to support you. The State of Jammu and Kashmir needs many more innovations and startups. Patience is the buzzword and all the innovators need to be patient and work hard to achieve success,” said Kumar. He said consequent upon the rolling out of the Jammu and Kashmir Startup Policy, a mobile application shall soon be rolled out to provide information related to the policy, its benefits and the procedure to avail benefits.
According to the handout, a total of 182 participants had pitched their ideas out of which 75 were shortlisted for the ‘Accelerator Programme’. 20 innovators were awarded in these categories based on the kind of problems they intend to solve, and the revenue or business model used by them. A prize money of Rs 10 lakh was distributed among the 20 winners in these categories after their ideas and innovations were duly screened by a 10-member jury team. ‘Jury Award’ of Rs 1 lakh was given to Waseem Ahmad Nadaf for his innovation in water purification and was declared as the ‘Hero of the State’.
All the shortlisted innovators were offered incubation services at JKEDI, it read.
The prize money winners are from different areas of the state including Srinagar, Anantnag, Baramulla, Shopian, Pulwama and Jammu.