MOU Signed between RTU, Arya College and Kamtech Associates Private Limited

                     Startup, incubation and innovation centers will boost futures entrepreneurship

MOU Signed between Rajasthan Technical University, Arya Group of Colleges, Kamtech Associates, Bharadwaj Foundation Jaipur and CADD Center. Startup, Incubation & Innovation Center will be set up at Kukas and Sitapura in Jaipur, These Centers will also join the “I-start Rajasthan” program of IT Department, Govt. of Rajasthan soon.

Jaipur, July 11. In order to promote Future Entrepreneurship in Rajasthan, Startup, Incubation & Innovation Centers will be set up at Kukas and Sitapura in Jaipur. In this continuation, an MOU signed between Rajasthan Technical University, Arya Group of Colleges, Kamtech Associates Pvt. Ltd., Bharadwaj Foundation Jaipur and CADD Center on Wednesday. Vice Chancellor of Rajasthan Technical University Professor N.P. Kaushik, Pro Vice Chancellor Prof. Rajiv Gupta, Chairman of Arya Group of Colleges Dr. Arvind Agrawal, Managing Director of Kamtech Associates Pvt. Ltd. Mr. Ajay Gupta, Founder President of Bharadwaj Foundation Jaipur Mr. P.M. Bharadwaj and Director of CADD Center Mr. Rajiv Bhargava signed MOU in a program held at Hotel Grand Uniara, Jaipur. With the onset of these centers, students of colleges affiliated to Rajasthan Technical University and future entrepreneurs will be able to set up their own ventures using state-of-the-art lab facilities here.

Vice Chancellor of Rajasthan Technical University Prof. N.P. Kaushik said that the startup, incubation and innovation center equipped with the state-of-the-art facilities will be set up at the Arya College Main Campus in Kukas and Kamtech Center at Sitapura in Jaipur. For the first time, Start-up, Incubation & Innovation center is being started by the Rajasthan Technical University in the Rajasthan State, through which the future entrepreneurs who start new startups share their ideas with the industry’s experts, mentors and investors. They will also get guidance so that the new startup entrepreneurs can successfully establish their business/enterprises.

According to Mr. Ajay Gupta, MD of Kamtech Associates, “The newly established Start-up, Incubation & Innovation Centers have their own modern computer labs, fully fitted with modern Eco System, Advance Artificial Intelligence, big data analysis, economic and financial analysis, due diligence etc., where 60-60  future start up entrepreneurs can work together.  A committee consisting of RTU, Arya college, Kamtech, Bhardwaj Foundation, Employer Association of Rajasthan president, Department of science and Technology, DOIT and MSME will be formed to select the business ideas from various constituent colleges under RTU and hand hold the start ups to successfully convert in viable enterprises.  Start up Entrepreneurs will be given complete mentoring support on all aspect Viz technology, market linkages, financial, HR, statuary compliance etc’ Mr. Ajay Gupta, who is actively mentoring many startups in the Startup & Innovation sector, said that these centers will also be connected with the “I-start Rajasthan” a startup program by the Department of Information Technology, Government of Rajasthan.

He further added that Future Entrepreneurs will not only be able to work on their innovative ideas through these Startups, Incubation & Innovation Centers, but also from time to time they will get guidance from various sector entrepreneurs, representatives of successful startups and fund managers. We hope that new dimension of entrepreneurship will be established in Rajasthan by solving the problems to establish a new startup in the Rajasthan State. 

Dr. Arvind Agrawal, Chairman of Arya Group of Colleges informed that these Centers will start working from 1st August, 2018. Here young entrepreneurs will be able to work for period of 1 year, in which they have shared their startup ideas with experts and mentors & find investors for the project in the first 3 months and in the next 9 months they will work on Eco System, Artificial Intelligence, Advanced Software in modern Labs available here, so that they can launch their enterprise into the market.