PM Modi and Netanyahu to inaugurate entrepreneurship centre 'iCreate' in Ahmedabad

Israeli Prime Minister Benjamin Netanyahu is on a six-day visit to India to attend the second India-Israel Business Summit. As a part of the summit, host and counterpart Narendra Modi, along with Netanyahu will inaugurate the much-awaited entrepreneurship centre iCreate in Ahmedabad.

Today, PM Modi will dedicate his brainchild the International Centre for Entrepreneurship and Technology (iCreate) based in Deo Dholera village on Bavla-Rajkot highway to the nation in Netanyahu’s presence.

With great pride and delight, inaugurated iCreate Centre with PM @netanyahu. This is a project I was closely associated with as Gujarat CM. iCreate will provide a strong impetus to a culture of innovation among youngsters. https://t.co/fmlRaGuIY2

— Narendra Modi (@narendramodi) January 17, 2018

During Modi's visit of Israel in July last year, both prime ministers have launched the bilateral summit to enhance trade and investment, promote business alliances and collaborations and suggest possibilities for business collaboration in third countries.

The proposed entrepreneurship centre will be a world-class infrastructure to attract institutions to create a startup and entrepreneurial ecosystem for the nation’s youth. For this, Modi had suggested the public-private partnership (PPP) model, reports ET.

Also Read: India-Israel Innovation Challenge: Win rewards for innovative solutions

Gujarat Entrepreneurship & Venture Promotion Foundation (GEVPF) in association with state-owned Gujarat Mineral Development (GMDC) created a joint venture —Gujarat Foundation for Entrepreneurial Excellence — and established iCreate (International Centre for Entrepreneurship and Technology).

Parag Amin is the chief mentor of iCreate, which is a technology business incubation centre to identify, nurture and mentor aspiring individuals/ teams to pursue their entrepreneurial ideas. The centre, iCreate, has been spread over a 40-acre campus at a cost of more than Rs 100 crore.

iCreate has worked as a bridge between Israel and India’s entrepreneurial ecosystem. iCreate has close ties with leading institutes in Israel and works closely with Technion – Israel Institute of Technology and Israeli Innovation Authority (IIA).

Meanwhile, Industry body Nasscom on Monday inked an agreement with startup accelerator MassChallenge Israel, committing scholarship support of $5,000 each for up to 10 Indian startups.

Besides, a ‘Trilateral Fund’ of $50 million has been created by Israel-India Technology Group (I-ITG) to promote entrepreneurship and trilateral business opportunities between the US, India, and Israel.

(The post has been updated with inputs from Twitter)

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