Karnataka government invites applications for Rajiv Gandhi Entrepreneurship Program
Jul 19, 2024
Bengaluru (Karnataka) [India], July 19 : The Department of Electronics, IT and Biotechnology (BT) under the Government of Karnataka on Friday invited applications for the Rajiv Gandhi Entrepreneurship Program.
The Department of Electronics, IT and Biotechnology, Government of Karnataka, announced the launch of the Rajiv Gandhi Entrepreneurship Program (RGEP), an initiative aimed at cultivating innovation and fostering entrepreneurship among young and talented graduates, according to an official press release.
This programme signifies a strategic shift from traditional job-seeking to entrepreneurship, offering viable career options, stimulating job creation, and promoting technological advancements. By doing so, RGEP aims to drive innovation-led economic growth within Karnataka, the release added.
The end date for submission of the application form is August 13, 2024 by 5:00 pm.
Notably, RGEP is set to support 30 innovators by providing a monthly stipend/subsistence grant of Rs 25,000 for a duration of 12 months. This financial support is intended to help these innovators navigate the uncertainties of the ideation phase. The programme culminates in the development of a Prototype, Minimum Viable Product (MVP), or Proof of Concept that demonstrates business potential.
Innovators participating in RGEP will be required to collaborate with designated K-Tech partners (Centres of Excellence, TBIs and Innovation Hubs). These hubs will closely monitor the progress of each innovator throughout the 12-month programme, ensuring support and guidance during their entrepreneurial journey.
Meanwhile, in a post on X, Karnataka IT Minister Priyank Kharge said, "Proud to announce the Rajiv Gandhi Entrepreneurship Program (RGEP)--Department of Electronics, Information Technology, Biotechnology and Science & Technology's latest initiative to nurture entrepreneurship."
"RGEP aims to support 30 selected innovators by providing a monthly stipend of Rs 25,000 for 12 months, helping them navigate the uncertainties during the ideation phase. The programme typically culminates in the creation of a prototype, minimum viable product (MVP) or proof of concept with business potential. We're investing in Karnataka's future entrepreneurs and disruptors," he added.
