Nagaland has woken up to the potential of a startup — KD Vizo

Resource persons, officials and participants are seen during the session at the IT&C Center in Kohima on Tuesday.

Our correspondent

Kohima, August 23 (EMN): Lively presentations by young entrepreneurs representing 18 start-ups from Nagaland formed the main part of the session on ‘Investment Opportunities in Nagaland’ held as part of the Nagaland CSR and Investment Conclave 2022 at the center Kohima Computer and Communications Technology Tuesday.

The start-ups were Aboriginal Energy Pvt. ltd. ; Zeliang Code Tech Pvt. ltd. ; Nagaland Trail, Autocion; Land of Angh Adventures Group; Naga Ed; ilandlo Services Pvt. ltd. ; Jome Foods Pvt. ltd. ; Nagaland express online; Sanang Eduservice LLP; Modern Myriad Building Pvt. ltd. ; Grandfather’s Pickle Co.; Z’s Health Food; Saucy Joe’s; Ahibo LLP; NE Health Services; Dimapur consumables; and One Naga Construction Pvt. ltd.

During their presentation, experts and investors interviewed the entrepreneurs about their goals, objectives, ideas and projects, among other things, by answering their questions.

Impressed to see the enthusiasm and passion of the start-ups to present their ideas, KD Vizo, Principal Secretary of IT&C, encouraged them to continue building their ambitions and projects.

He explained how the Indian government launched the “Startup India” program with the aim of creating a strong ecosystem to foster innovation and startups in the country, which would drive sustainable economic growth and generate large-scale job opportunities. scale – a vision that aimed to harness the entrepreneurial potential of the Indian people and empowered India’s talent to dream up ideas, put them into action and convert them into game-changing businesses.

Accordingly, Vizo informed that the state government realizing the huge potential of youth entrepreneurial force has launched a “start-up program and policy” with industries and commerce as the nodal department for create an enabling environment for start-ups to grow by ensuring knowledge exchange, capacity building, policy interventions and access to finance.

“The idea of ​​start-ups is as old as this world, where each era has been defined by the disruption of the previous one, by the evolution of ideas and products that replace old ones,” he said, adding: “Startups have always been the engine of progress. The mega-companies that we know and exist today were startups of yesterday.

However, the officer said the difference now is that the digital age has created new opportunities and a new environment for start-ups.

Vizo claimed that the convergence of technology integration in various fields has opened up a new world for businesses, adding that today’s startups defy the natural growth rate.

“We have a huge market with rapid growth and untapped opportunities in all sectors. Nagaland has now realized the potential of startups with great enthusiasm and energy and we see startups not as short-term investments but as long-term commitments,” he said.

Brig. Ashis Bhattacharyya, Senior Advisor of CII (NE and UT), informed that they have just signed a Memorandum of Understanding with the Nagaland Department of Industries to partner with each other offering not only startup pitch sessions , but a bunch of offers for the overall development of the entire startup ecosystem in the state.

He explained how CII recognizes start-ups as economic growth, how they have put in place a strong framework at the national, regional and state levels to promote innovation and support start-ups.

As part of the Nagaland CSR Conclave, Bhattacharyya shared how they found the need to engage Nagaland start-ups through a pitch session with some prominent investors as long-term partners.

In order to advance the roadmap for the development of industries in Nagaland, Vitsutho Nyuthe, Director of Industries and Commerce, said that there should be large-scale goals and initiatives, promote and nurture the culture of entrepreneurship, innovation and supporting start-ups.

To achieve the goals, he stressed the need to create and consolidate sufficient land reserve by developing agencies to overcome the difficulty arising from the unique land tenure system in Nagaland while conducting capacity building and training programs to train labor in the manufacturing and service sectors. sectors with ownership and mentoring as a key tool.

Nyuthe highlighted the need to establish post-harvest management facilities such as cold stores, warehouses and other logistics needs at strategic locations and facilitate backward linkages to promote the food processing sector.

He underscored the need to accelerate the startup initiative meant to build a strong ecosystem to foster innovation and start-ups in the state that would drive sustainable economic growth and generate large-scale employment opportunities.

To advance the areas of industrialization, he said food processing industries, tourism and hospitality industry, agro-processing industries, mineral industries, textile industries, electronics and information technology, bamboo processing/manufacturing industries, medicinal and aromatic plants and value-added products, renewable energies, waste management, energy and health and well-being have been identified.

Kenei Theunuo, Team Leader of Start-up Nagaland, informed that their goal was to promote at least one start-up in each district and establish a cutting-edge innovation hub, which would serve as a technological, cultural and creative. center where design, technology and business blend to form a thriving start-up community.

He was informed that Start-up Nagaland aims to instill and stimulate a culture of creativity, innovation and entrepreneurship by creating the required environment for learning and experimentation at all stages of education.

Speaking on the role of the Investment Promotion Agency (IPA), Dr. Geetima Das Khrishna of Invest India informed that Nagaland is the first state to have a Single Window System (SWS).

Khrishna then explained how Nagaland’s products are exhibited and informed that they have identified textile, loom and handicrafts from the 16 districts of Nagaland, which have the potential to reach the international market.

Resource persons including Dr. Rene Van Berkel, UNIDO Representative and Head of Regional Office, India; Lanu Jamir, Zip Engineering and Innovation Center, Dimapur; and Arnab Chakrabortty, Country Director of Empretec India Foundation alongside Kekhrievor Kevichusa and V Kezo from Industries and Commerce Department also spoke on the occasion.

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