Wondering what is iCreate? Know here

Prime Minister Narendra Modi and his Israeli counterpart Benjamin Netanyahu have inaugurated the iCreate centre in Ahmedabad.  But amidst all the buzz are you wondering what iCreate is? Get all answers here.

Prime Minister Narendra Modi and his Israeli counterpart Benjamin Netanyahu have inaugurated the iCreate centre in Ahmedabad. Called as the International Centre for Entrepreneurship and Technology (iCreate), the venture has been started to promote and nurture entrepreneurs by providing them finance, mentors and technology. But amidst all the buzz are you wondering what iCreate is? Get all answers here.

What is iCreate?

It is a joint project between Gujarat Mineral Development Corporation Limited (GMDC) and Gujarat Entrepreneurship and Venture Promotion Foundation (GEVPF).  iCreate is an independent centre to promote Modi’s ‘Start-up India’ idea. The centre’s object is to give technology and assistance to “the innovative and imaginative minds in their entrepreneurial journey.”

How does iCreate function?

iCreate offers 13-week grooming program to furnish an individual with the appropiate skill and tools required in the entrepreneurial world. At the end of this, the participants have the option to pitch their idea for further development. The proposals are measured by an independent panel and selected subsequently. Financial assistance up to Rs 50,000 is given by the corporates for few deserving pitches. Apart from this, a platform is also given to the participants to meet leaders from various sectors.

Why the name iCreate?

“The ‘i’ of iCreate has been kept in small letters for a reason. The biggest obstruction towards creativity is ‘I’ becoming big,” Narendra Modi said during the inauguration.

Who can participate in iCreate?

Students, existing entrepreneurs, traders, small sized businessmen can take part in the program. The skeleton business panel will be measured by the mentors and further guidance will be given.

Who are part of this project?

Business leaders from a number of sectors have collaborated with the project. Under the guidance of Dilip Shanghvi, MD, Sun Pharmaceutical Industries Limited, the advisory board also consists of Uday Kotak, Executive Vice Chairman and MD of Kotak Mahindra Bank, Narayan Murthy, Infosys co-founder and Professor Jagdish Bhagwati are some names among others.

Well, we hope now have all the answers to your questions.


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