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Press Release Hyderabad, December 21, 2004: The Honourable Chief Minister of Andhra Pradesh, Dr. Y. S. Rajasekhara Reddy, inaugurated another pioneering initiative by the Indian School of Business (ISB) today. "K-Hub" - the Business Accelerator, is a unique initiative launched by the Wadhwani Centre for Entrepreneurial Development at the ISB. The K-Hub has been set up with the support of the Government of Andhra Pradesh with the objective of fuelling entrepreneurial success. Mr. Balasubramanian, acting CMD of SIDBI also spoke in the launch function. Inaugurating the K-Hub, the Chief Minister of Andhra Pradesh, Dr. Y. S. Rajasekhara Reddy said that he was happy that the ISB was leading the way in mentoring entrepreneurs to become successful. He felt that a large number of entrepreneurs do not succeed for want of guidance. He reiterated the Government's support for the K-Hub and wished the initiative all success. Speaking on the occasion Professor Rammohan Rao, Dean of ISB, said, "The ISB is very keen to play an active role in promoting entrepreneurship amongst people. The ISB K-Hub will provide a broad range of services and access to experts in various fields to guide entrepreneurs through the challenges of creating a successful enterprise. I am grateful to the Chief Minister for supporting us in this cause." The ISB K-Hub is designed to support a variety of entrepreneurs - those who are in the ideate stage including those currently resident in incubators. It will support the start up and growth of high technology ventures and act as a gateway to a range of business development services, all under one roof. The ISB K-Hub will commence activities within the ISB campus as a combined physical and virtual facilities/access model. The Industries Department of the Government of Andhra Pradesh will actively support the K-Hub in the first few years. The Government of Andhra Pradesh has also agreed to contribute to the initial corpus of the Germination Fund. Professor K. Ramachandran, Professor of Entrepreneurship & Strategy at the ISB said, "The K-Hub will mentor entrepreneurs and create a successful entrepreneurial pool through unifying a range of global business development services". The K-Hub will initially focus on creation of high quality entrepreneurship in Information Technology, Biotechnology, Pharmaceuticals, Material Sciences and Agro-processing industries. It will support entrepreneurs by leveraging relationships with key service providers such as research centres, project consultants, business development service providers, business mentors and the ISB's knowledge network. About the WCED at the ISB The Wadhwani Centre for Entrepreneurial Development (WCED) is one of five Centres for Excellence for Research being set up at the ISB. It supports a strong collaboration among academic institutions, technology institutions, and development agencies for promoting entrepreneurship. For the entrepreneurial community, the WCED offers training and networking opportunities to help build global competitiveness. It had taken the lead in setting up a Society of Entrepreneurship Educators (SEE). It undertakes research with focus on challenges of entrepreneurship in developing countries. It gives the students the expertise needed to succeed in an ever-changing business environment through Mentoring, Teaching, and Enterprise-partnering and holding highly successful Business Plan competitions. Click here to post your views/ comments/ experince on this... Contributed by - |
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