Startup incubator Udgam to be launched in Delhi

PUNE: A new startup incubator, UDGAM, will be launched this week by Jagan Institute of Management Studies Founder Manish Gupta.
“A lot of youngsters are coming up with brilliant ideas but what they lack is mentorship and the right direction. We aim to provide them a building platform from where they can take off and reach greater heights. The launch is also coming at a time when the startup funding is going slow. We don’t want great ideas to go in a rut just because there isn’t enough money in the market," said Gupta. The incubator will select its first batch of startups in their nascent stage later this week.
It is calling this event the 'Weirdo's Startup Meetup' as the focus is on finding 'weird ideas' that can change the shape of the world, it said. The selected startups will be given an opportunity to be a part of Udgam’s Incubation Program at Gurugram and Jaipur for six months, to be a part of an Entrepreneurship course of six weeks and also be provided financial support through seed-funding.
The incubator will provide startups with office space, assistance in marketing, networking, logistics, mentoring and recruitment and capital funding. Gupta said that the plan was to nurture fifty early stage startups across Delhi and Jaipur over the next year.