MaGIC, Indian State Government of Chhattisgarh Collaborates to Promote Innovative Entrepreneurship Development

CIOReview Team | Monday, 17 April 2017, 06:10 IST

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Malaysian Global Innovation & Creativity Centre (MaGIC) and the Indian State Government of Chhattisgarh (SGC) have signed a Memorandum of Understanding (MOU) to promote innovative entrepreneurship development in one of India’s youngest and fastest-developing states. The MOU also reinforces MaGIC’s commitment to support value innovation and connect key players in the global entrepreneurship ecosystem.

The MOU signifies MaGIC’s commitment to developing the global entrepreneurship ecosystem and driving entrepreneurship development at home and overseas. Aside from its partnership with SGC, MaGIC has previously collaborated with other global players such as Startup Chile, Stanford University, Techstars and 500 Startups to run a series of initiatives that support and nurture entrepreneurs at every stage of their journey.

The year-long MOU – signed between MaGIC, SGC Department of Electronics and Information Technology, and the International Institute of Information Technology (IIIT) Raya Naipur – captures 4 key points of agreements: first, SGC to become the strategic partner in MaGIC’s 2 key initiatives including Corporate Entrepreneurship Responsibility program, Creativity & Innovation Labs; second, SGC to become the strategic partner in the Global Entrepreneurship Community (GECommunity) 2017; third, MaGIC, together with SGC, to develop Chhattisgarh’s entrepreneurship community; fourth, MaGIC and SGC to collaborate and establish a Chhattisgarh Information Technology Innovation Lab in IIIT Raya Naipur to drive advancements in the information technology and electronics sectors; and fifth, MaGIC to provide support in programs that will build the skills and capabilities of Chhattisgarh entrepreneurs.

Ashran Dato’ Ghazi, Chief Executive Officer of MaGIC, said: “I am really excited to announce this partnership with the State Government of Chhattisgarh. It is great to have the opportunity to collaborate with the future entrepreneurs of India – already one of the fastest growing and third largest entrepreneurship ecosystems in the world. Together with SGC, MaGIC is working to develop Chhattisgarh’s entrepreneurship ecosystem and build the capabilities of the state’s future entrepreneurs. I hope our partnership with SGC will be a sign for things to come – forging more cross-border collaboration in innovation and connecting Malaysia with the key emerging players in the global ecosystem.”

Honorable Dr. Raman Singh, Chief Minister of Chhattisgarh, added: “I am pleased to see the collaboration between MaGIC, the State Government of Chhattisgarh and IIIT Raya Naipur. I wish all the best for the entrepreneurs from India and Malaysia – I hope you can benefit from this partnership.” Aman Kumar Singh, Principal Secretary for Electronics and Information Technology of State Government of Chhattisgarh, said: “Through the MoU, entrepreneurs in Chhattisgarh will soon be able to provide the best training infrastructure, start-up ecosystem, policy framework, and industrial infrastructure for the electronics and information technology sectors.”

SGC inked the partnership with MaGIC as the state strives to continue promoting sustainable and inclusive economic growth through entrepreneurship. In September last year, SGC launched an action plan to drive entrepreneurship in the state, which includes boot camps that are open and accessible for all 27 districts within Chhattisgarh. Some of the areas of development the state focuses on includes: industrial; internet of things (IoT); fintech; social, mobile, analytics, and cloud (SMAC); healthcare; and social innovation.

Chhattisgarh is India’s sixteenth most populous state, with developed education and research systems. Established in November 2000, Chhattisgarh is an emerging hub for major core sector industries such as power, coal, steel and cement. Its capital city, Raya Naipur, is India’s first Greenfield smart city. The state aims to promote sustainable and inclusive growth by developing at least 100 new startups and encouraging women to participate in entrepreneurship.

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