THINK-B, which stands for Technological Hub for Innovation Network and Knowledge-Bastar, scouts for talented companies or individuals working in innovative fields across the district and helps them create business models to scale up their organizations. The 2021 initiative is the brainchild of Rajat Bansal, the former collector of Bastar.
A new start-up incubator in Bastar district is poised to bring significant change to the local economy and help to foster entrepreneurship in the region. The incubator, which provides support and resources to early-stage startups, is seen as a major step forward for the district and its efforts to promote entrepreneurship and economic growth.
The incubator provides a range of services to startups, including access to mentorship and training programs, networking opportunities, and funding and investment opportunities. This support will help startups to grow and succeed, which will in turn drive economic growth in the district.
The incubator is also working to create a supportive ecosystem for startups in Bastar district. This includes connecting startups with local businesses and investors, providing access to local resources and networks, and promoting collaboration between startups, government agencies, and academic institutions.
In addition to its support for startups, the incubator is also working to promote entrepreneurship and innovation in the local community. This includes running workshops, training programs, and other initiatives aimed at encouraging and supporting local entrepreneurs.
The start-up incubator is seen as a major step forward for Bastar district, which has been facing challenges in terms of economic growth and job creation. By providing support and resources to startups, the incubator is helping to create new businesses and jobs in the region, which will in turn drive economic growth and improve the lives of local residents.
Bansal, now the collector and district magistrate of Balodabazar-Bhatapara, said, “The Bastar administration launched THINK-B to encourage the growth of entrepreneurship by promoting start-up opportunities to cater to the employment needs of the district’s educated youth. THINK-B has generated commercial and social entrepreneurship ventures in the region, along with an environment of innovation. THINK-B is empowering the locals to work for locals by utilizing local resources.”
The incubator is also playing an important role in promoting entrepreneurship as a career choice in the district. By showcasing the success of local startups and providing support and resources to new entrepreneurs, the incubator is encouraging more people to pursue careers in entrepreneurship and innovation.
The start-up incubator in Bastar district is poised to bring significant change to the local economy and help to foster entrepreneurship in the region. The incubator’s support for startups, promotion of entrepreneurship, and creation of a supportive ecosystem for innovation are all critical components of the district’s efforts to drive economic growth and improve the lives of local residents.
