Mangaluru, Dec 29, 2017: The Centre for Entrepreneurship Opportunities and Learning (CEOL), a state-of-the art incubation centre was inaugurated at Kadri on December 29, Friday by Defence Minister Nirmala Sitharaman.
Speaking on the occasion, the minister said the nation has seen the establishment of over 1000 technology related start-ups this year, while a total of 52000 start-ups are functioning making India a nation having the third largest number of start-ups. Also pointing out that there were over 25 start-ups in the defence sector itself the Minister stated that the Make in India initiative of the government will go a long way in promoting indigenous manufacture of defence equipment. Referring to CEOL, the minister said it will be of great help to youngsters who would like to innovate and venture into start-ups. With Bengaluru already over-crowded there is more scope for start-ups in tier-II cities like Mangaluru, she added. She also stated that letters have been written to all MPs to set up incubation centres in their constituencies.
Deputy Commissioner Sasikanth Senthil who delivered the welcome address said youth can make it big provided they have the talent and knowledge. He said a sum of Rs 1.5 crore has been spent from MPLAD funds for CEOL. He also requested youth to make good use of the facility.
MP Nalin Kumar Kateel, MLA JR Lobo, MLC Capt Ganesh Karnik, ZP President Meenakshi Shantigodu, MCC Commissioner Mohammad Nazir, KCCI President Vatika Pai, former KCCI president Jeevan Saldanha and others were present.ring protocol".