JAIN Group of Institutions to invest US$1.2 million as start-up support for students of Guyana
Bengaluru : JAIN Group of Institutions (JGI) has announced an investment of US$1.2 million to support start-up businesses for graduates of the Guyana Online Academy of Learning (GOAL) Initiative. This infusion of funds is part of JAIN University’s start-up incubation program, to promote a sense of entrepreneurship among the students.
JAIN University, in collaboration with the Government of Guyana, will offer scholarships for Bachelor’s and Master’s degrees to Guyanese students through the GOAL program, an initiative, that has partnered with 11 renowned universities worldwide, including JAIN, and aims to enhance educational opportunities and entrepreneurial ventures for Guyanese students.
To further support this mission, JAIN University will send its faculty team, and professors to GOAL. This team will work closely with learners to develop start-up ideas and will also invest in their businesses once they are established.
The announcement was made on 24th May when 1,712 students graduated from various programs under the GOAL initiative. The convocation ceremony was attended by Dr. Chenraj Roychand, founder and chairman of JAIN Group and Chancellor of JAIN University.
Dr Roychand, in his keynote address, commented, “On behalf of India and JAIN University, I pledge US$1.2 million for incubation for start-ups for the GOAL students, who want to start a business. Students can start small and grow into 10-million, 20-million, or 30-million-dollar companies. They can export ideas, products, and services in areas such as finance, accounting, technology, machine learning, artificial intelligence, supply chain, and logistics management.”
Dr. Roychand praised the vision of the government of Guyana for education. He emphasized the importance of applying knowledge to create profitable ventures. “The graduates have a unique opportunity to use their knowledge to enhance their careers and become business leaders. The world today is talking about knowledge application and how individuals can export their thoughts and ideas into lucrative ventures,” Dr. Roychand further added.
Sharing his own success stories and those of beneficiaries of JAIN University’s financial assistance programs, Dr. Roychand highlighted that more than 5,000 entrepreneurs have been created by JAIN Group over three decades. He shared his vision for the future, which aims to create an accelerated online program for all GOAL students to prepare 10,000 entrepreneurs in the next 10 years who will contribute to country’s economic growth