Martin Luther Christian University (MLCU) will set up an entrepreneurship promotion and development programmes (EPDPs) and an incubator at its Umsawli campus as part of an understanding with the state government.
MLCU signed a memorandum of understanding (MoU) with PRIME Meghalaya, the government’s startup promotion initiative on Friday.
The programmes aim to make entrepreneurship “a preferred career choice for the youth and people of the state through the creation of a dynamic and collaborative ecosystem that enables easy availability of credit, relevant technology, skilling and mentoring support and access to high leverage markets,” a press release stated today.
The EPDPs and incubator will be implemented through the varsity’s Centre for Career Planning and Development, supported by PRIME, and will be provided through a series of planned interventions to facilitate support mechanisms for aspiring entrepreneurs, startups, and early-stage enterprises to translate their innovative ideas into business and sustain them in the long-run by fostering effective networking opportunities.
The planned intervention will commence with the establishment of the Entrepreneurship Cell (E-Cell), following which the cell will be responsible for managing the EPDP activities.
Through PRIME, the youth are encouraged to explore alternative methods of employment and become job creators rather than mere job seekers. PRIME also follows a collaborative approach between the state government, its different departments and private organizations to facilitate individual strengths.