Chandigarh moves a step closer to having an entrepreneur centre

In an effort to encourage young Information Technology entrepreneurs and Small and Medium IT Enterprises in Chandigarh, the UT Administration moved a step closer to the operationalisation of Entrepreneur Development Centre (EDC) by finalising the list of successful bidders who had applied for office space. The selection of eligible applicants was completed Wednesday with the opening of financial bids by the Committee set up by the Administration with representatives from various Line Departments and the industry.

The construction of the EDC building was completed in March 2012 thereafter the scheme for allocation of space to Young Entrepreneurs (YEs) and Small and Medium Enterprises (SMEs) was formulated.

A total of 19 office bays have been readied for allocation in the EDC and the office space is being allocated to YEs and SMEs for a maximum period of three years subject to satisfactory performance of the licensees.

The bays for YEs are fully furnished with modular furniture and those for SMEs have been furnished without modular furniture. The selection process for allocation of space comprised of technical evaluation in which the business plan was evaluated and the financial evaluation where in the financial bids were opened. In all, 71 bids were received.

The 1.5 acre EDC in Rajiv Gandhi Chandigarh Technology Park provides state of-the-art incubation facilities for Young Entrepreneurs and Small & Medium Enterprises working in the field of Information Technology.

Apart from acting as a transit-point for the IT software export companies those do not have their own office infrastructure, the Centre also aims to provide ready-to-operate offices to young entrepreneurs who have bright ideas but do not have the capital to create infrastructure. Operationalizing of EDC would not only go a long way in achieving Chandigarh Administration's objective of promoting IT entrepreneurship.

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