Union Commerce and Industry Minister Suresh Prabhu and Infosys Co-Founder Kris Gopalakrishnan will attend the Seventh Empressario startup Summit to be held at the Entrepreneurship Development Institute of India (EDII) beginning here on March 10.

The Summit has mentored over 1,000 budding entrepreneurs in the last six years, said Dr Sunil Shukla, Director, EDII, here on Wednesday.

Empresario

The two-day Empresario is a platform for startups, industry mentors, investors and the student community, providing prototype funding to selected ideas.

The current edition of Empresario, EDII’s annual flagship event, will focus on the theme of “Escalating the growth of startup ecosystem” and will see participation of 110-odd startups for pitching to investors, 183 ideas at prototype development stage and 140 early concept stage students from Gujarat and neighbouring states.

Since its inception in 2012, Empresario has emerged as a leading entrepreneurship festival in India that brings together startups of all sectors and participants from every niche of the country. Last year, out of 100 startups that pitched at the Empresario Start-Up Summit, three were incubated at EDII and bagged funding of Rs 1.16 crore from YES bank.

Some of the ideas, however raw, are innovative and solutions-oriented. To encourage them, Empresario also provides prototype funding of Rs. 40,000 per startup, said Dr. Shukla.

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