I-Hub

Last updated

Innovation Hub
Gujarat Student Startup and Innovation Hub
AbbreviationI-Hub
Formation2019
Type Public–private partnership
Legal statusActive
Purpose Business incubator
Headquarters Ahmedabad, Gujarat, India
Region served
Gujarat
Key people
R A Mashelkar (Chairman)
Website ihubgujarat.in

I-Hub (Innovation Hub) is an innovation intermediary and business incubator based in Ahmedabad, India. i-Hub was established under the Student Startup Innovation Policy (SSIP) by the Gujarat government's education department to encourage partnerships between prospective investable businesses and the India Accelerator. [1]

Contents

The complex was built under the Student Startup and Innovation Policy (SSIP 2.0) in 1.5 million square feet of space for startups and corporate space. Up to 500 start-ups can be housed at once in this Rs 98-crore project, which provides amenities to strengthen Gujarat's startup ecosystem. It is a five-story basement that provides co-working space, networking facilities, 360-degree mentoring support, funding assistance, support for intellectual property. [2]

History

A Memorandum of Understanding (MoU) was signed by the Gujarat Student Startup and Innovation Hub (i-Hub) and India Accelerator with the aim of establishing and selecting an early-stage startup pipeline that can receive mentorship, support, and funding from investors. In order to support and nurture the startup ecosystem in India, with a particular focus on Gujarat, India Accelerator, the country's only accelerator partnered with GAN, has teamed up with the state of Gujarat's dynamic incubation facility, i-Hub. [3]

The construction project was given a two-year deadline and got underway in 2020. Following the failure to meet the January 2022 deadline, the state government declared its intention to take office on May 1, 2022. Later, the new date of May 1, 2023, was declared. The state's Education Department established the incubation center under the Student Startup and Innovation Policy (SSIP), and it was housed in a temporary 20,000 sq ft campus at the Knowledge Consortium of Gujarat (KCG) during the work being done on the new campus. [4] [5]

On 5 December 2023, the Gujarat Chief Minister inaugurated the 1.50 lakh square foot Gujarat Students Startup & Innovation Hub (i-Hub) complex, which can house 500 startups operating out of one room. [6] [7]

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References

  1. "India Accelerator, Gujarat's i-Hub join hands to nurture startup ecosystem". Free Press Journal. Retrieved 5 December 2023.
  2. "State-of-the-art center to be developed by i-Hub for startups in Gujarat". The Times of India. 11 August 2023. ISSN   0971-8257 . Retrieved 5 December 2023.
  3. Bureau, BW Online. "India Accelerator Gujarat s I Hub Partner To Nurture Indian Startup Ecosystem". BW Disrupt. Retrieved 5 December 2023.
  4. "Gujarat To Get 'Biggest' Start-Up Hub Today". Ahmedabad Mirror. Retrieved 5 December 2023.
  5. "New i-Hub campus set to miss third inauguration deadline next month". The Indian Express. 26 April 2023. Retrieved 5 December 2023.
  6. "મુખ્યમંત્રી અમદાવાદમાં કરશે i-Hub કોમ્પ્લેક્ષનું ઉદઘાટન, એકસાથે 500 જેટલા સ્ટાર્ટઅપને ઇન્ક્યુબેટ કરી શકે તેવી ક્ષમતા - Gujarat Chief Minister Bhupendra patel to inaugurate i-Hub Complex in Ahmedabad". Gujarati Jagran (in Gujarati). 4 December 2023. Retrieved 5 December 2023.
  7. DeshGujarat (4 December 2023). "Gujarat creates its own innovation hub; Chief Minister to inaugurate i-Hub". DeshGujarat. Retrieved 5 December 2023.