Under this Memorandum of Understanding (MoU), FICCI FLO, IESC and IIM Shillong will jointly provide guidance and mentor entrepreneurs by facilitating a nurturing, instructive and supportive environment during the initial and critical stages of starting a business, thus enabling them to reduce the initial startup costs and establish themselves in a shorter timeframe, according to a statement.
“Through our national incubation cell we wish to build a sustainable ecosystem within FLO (Ficci Ladies Organisation), in order to identify potential start-ups, women entrepreneurs and provide them with the necessary guidance and support.
This would enable us to create a self-relying entrepreneurial ecosystem for women, that empowers them, makes them self-sufficient and helps them become job creators and not mere job seekers,” FICCI FLO president Jahnabi Phookan said.
The MoU aims to provide guidance and mentor budding entrepreneurs by facilitating a nurturing, instructive and supportive environment during the initial and critical stages of starting a business, thus enabling them to reduce the initial start-up costs and establish themselves in a shorter timeframe, IIM Shillong Board of Governors Chairman Shishir Kumar Bajoria added.
