Nirmala Sitharaman launches a new start-up incubation centre CEOL
Nirmala Sitharaman, the Union Defence Minister, has launched a new state-of-the-art incubation centre “Centre for Entrepreneurship Opportunities and Learning (CEOL)” at Mallikatta in Mangaluru, Karnataka on December 29, 2017. The aim of CEOL is to nurture talent, foster the spirit of innovation and to support young engineers to realize their ideas. This is part of the project ‘Startup Coast’ under which it is proposed to establish innovation centres, incubation set-up, tinkering labs and co-working space for startups on the west coast in Karnataka. The CEOL, which will be managed by the Society headed by Deputy Commissioner, will provide perfect ecosystem for youngsters to work on their ideas. Sitharaman has allocated Rs. 1.5 crore from her MPLAD (Member of Parliament’s Local Area Development) scheme for the development of CEOL. She represents Karnataka as an MP in the Rajya Sabha.
Category: Government Schemes Current Affairs