ADIF signed an MoU with AIIDC, Govt. of Assam the nodal agency for the Assam Startup Initiative to Boost Entrepreneurship in the Northeast
The Alliance of Digital India Foundation (ADIF) is proud to announce the signing of a Memorandum of Understanding (MoU) with Assam Industrial Infrastructure Development Corporation (AIIDC), the nodal agency for the Assam Startup initiative. This landmark partnership is set to catalyze entrepreneurship and accelerate the growth of the startup ecosystem in Assam and the broader Northeast region.
The MoU was formally signed by Mr. Prateek Jain on behalf of ADIF and Mr. Chinmoy Prakash Phookan, ACS representing Assam Startup. This strategic partnership is poised to make substantial contributions towards Assam’s ambitious goals of fostering the growth of at least 1,000 new startups and generating 100,000 direct and indirect employment opportunities over the next five years. The comprehensive two-year agreement establishes a robust framework for collaboration, focusing on providing startups with access to investment opportunities, industry connections, and innovative programs. This strategic alliance is meticulously aligned with the objectives of the Assam Startup Policy 2017 and seamlessly dovetails with ADIF’s overarching mission to transform India into a world-class startup ecosystem.
Elaborating on the significance of this partnership, Mr. Prateek Jain, Associate Director at ADIF, said, “Our collaboration with Assam Startup marks a pivotal moment in ADIF’s mission to democratize India’s digital entrepreneurship landscape. By combining ADIF’s national network and policy advocacy expertise with Assam Startup’s deep regional insights, we’re creating a powerful launchpad for northeastern entrepreneurs. This partnership goes beyond just supporting startups; it’s about unleashing the innovative potential of a region that has long been underrepresented in India’s startup narrative. We’re not just aiming to create successful businesses, but to catalyze a transformative economic impact across the Northeast.”
Mr. Chinmoy Prakash Phookan, Managing Director of AIIDC, shared his perspective on the collaboration by stating, “The partnership with ADIF represents a significant milestone in our efforts to nurture Assam’s startup ecosystem. By leveraging ADIF’s extensive experience and networks, we aim to provide our local entrepreneurs with national and potentially global opportunities. This MoU aligns perfectly with our vision of making Assam a hub for innovation and entrepreneurship in Northeast India. We’re particularly excited about the potential to attract investments and create substantial employment opportunities, which are crucial for the region’s economic development.”
Under the terms of this MoU, ADIF and Assam Startup will synergize their efforts across multiple dimensions of startup support. The partnership will facilitate access to a network of industry experts, innovators, and potential investors, creating invaluable opportunities for emerging entrepreneurs. A cornerstone of the collaboration is the provision of targeted mentorship programs, leveraging the combined expertise of both organizations. The alliance will also focus on supporting high-impact programs designed to address specific challenges faced by startups in the region.
Knowledge sharing forms another crucial aspect of this partnership. Both organizations commit to exchanging best practices, research insights, and resources to enrich the entrepreneurial landscape. The MoU also outlines plans for conducting extensive outreach and awareness activities, including workshops, seminars, and roundtable discussions, to foster a culture of innovation and entrepreneurship across Assam.
The collaboration with Assam Startup reinforces ADIF’s commitment to fostering entrepreneurship across diverse regions of India, while also marking a significant step in the Foundation’s efforts to create a more inclusive and vibrant startup ecosystem nationwide. ADIF is proactively exploring the Northeast India, and has plans to nurture the startup ecosystem in Meghalaya next. As a pivotal think tank for India’s digital startups. ADIF will continue working towards transforming India’s startup ecosystem through targeted policy advocacy, fostering industry connections, and championing digital innovation.