CURRENT AFFAIRS

Detailed explanation-1: -The SPJIMR-SPIC is chartered to provide opportunities to SPJIMR students, alumni & faculty to test their entrepreneurial ideas and build them.

Detailed explanation-2: -CRIF was set up by the Centre for Innovation, Incubation and Entrepreneurship CIIE.CO at IIM Ahmedabad, India’s leading incubation and entrepreneurship centre. CRIF is also a Department of Science and Technology, Govt. of India supported Technology Business Incubator.

Detailed explanation-3: -Incubators centre is the institution that assists entrepreneurs in developing their business and solving problems associated with it, especially in the initial stages, by providing an array of business and technical services, initial seed funds, lab facilities, advisory, network and linkages.

Detailed explanation-4: -A startup incubator is a collaborative program for startup companies - usually physically located in one central workspace - designed to help startups in their infancy succeed by providing workspace, seed funding, mentoring and training.

Detailed explanation-5: -JSSATE Science and Technology Entrepreneurs’ Park Starting in 2004, JSS ATE STEP is India’s first Technology Business Incubator (TBI), supported by DST. It aims to invite, enable, and thrive the technology ventures through sharing knowhow, mentorship, market access, connections, and funds.