Mumbai, February 5th 2016: BSE Institute Ltd, a wholly owned subsidiary of BSE Ltd, announced the launch of a new accelerator for startups. This accelerator is housed in the iconic P. J. Towers the home of BSE, Asia’s oldest and the world’s fastest stock exchange.
This has been setup as a technology based incubator under the National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology, Government of India. Zone Startups India is the only stand-alone accelerator program in India to be accredited this support.
Speaking on this occasion, Ambarish Datta, Managing Director and CEO, BSE Institute said “At the BSE Institute, we are happy to participate in the startup India initiative through this venture. This is a true nation building activity, since in addition to providing a platform for budding startups, we also contribute to job creation through the hundreds of jobs and internships at the startups that we are mentoring in our accelerator. ”
This initiative is in line with the startup India mission envisioned by our Honorable Prime Minister Sh. Narendra Modi. With India becoming the youngest nation in the world, job generation is a critical priority and the startups emerging from this zone will support job creation. The startup zone will also be a major innovation hub that will evolve technology based solutions to address a gamut of business challenges.
This momentous occasion also marked the completion of 2 years of successfully mentoring over 66 successful startups in India. The occasion was graced by a ministerial delegation of Kathleen Wynne Premier from Ontario Canada. The delegation included Honorable Michael Chan, Minister of Citizenship, Inmmigration and International Trade, Honorable. Brad Duguid Minister of Economic Development, Employment and Infrastructure, and Dipika Damerla, Associate Minister of Health and Long-Term Care.
This accelerator, is setup by BSE Institute in collaboration with Ryerson Futures Inc (Toronto) the technical arm of Ryerson University from Ontario, Canada.
The key objectives of Zone Startups India is:
· To focus on scalable, technology start-ups (both enterprise and consumer)
· To recreate in India the successful model of the Digital Media Zone (DMZ) - Ryerson's flagship program in Toronto; operational since 2010 & incubated over 150 start-ups. DMZ ranked #1 university led start-up incubator in Canada, #1 in North America, and #2 globally by the University Incubator Network.