Open Ventures

The Promotion and Incubation of Market-Driven Enterprises (PRIME) program seeks to createandpromotearobustentrepreneurialecosysteminthestate.Aspiringentrepreneurs, start-ups, and early-stage enterprises are nurtured and supported to translate their innovative ideas into business and sustain them in the long run by fostering effective networking opportunities.

PRIME follows a collaborative approach between the state government, its different departments,andprivateorganizationstofacilitateindividualstrengths.PRIMEStartupHubs are funded by Meghalaya Basin Management Agency (MBMA) and are implemented by Meghalaya Institute of Entrepreneurship (MIE) with the support of knowledge partner IIM Calcutta Innovation Park (IIMCIP).

The PRIME program, initiated by the Government of Meghalaya, is working towards implementing the initiatives outlined in the Meghalaya Startup Policy. PRIME aims to make entrepreneurship a preferred career choice for the youth of the State through the creation of a dynamic and collaborative ecosystem that enables easy availability of credit, relevant technology, skilling and mentoring support and access to high leverage markets. Through PRIME systematic and targeted support is being provided to aspiring entrepreneurs through a network of PRIME Hubs that will be the one-stop shop for the different segments of entrepreneurs in the State.

Scheme Details