DC holds discussions with women entrepreneurs' forum (CICU) over Future Tycoons startup challenge

Ludhiana, Aug 16, 2024: Deputy Commissioner Sakshi Sawhney on Friday held detailed discussions with the members of women entrepreneurs' forum of  CICU over the Future Tycoons Startup Challenge program. 

Cabinet Minister Balkar Singh had yesterday launched the project of district administration that has been developed in collaboration with "Startup Punjab", a Punjab government's  Nodal Agency responsible for developing Startup Ecosystem in the state.

The Deputy Commissioner briefed them about the objective of Future Tycoons Startup Challenge program and stated that the forum must encourage women belonging to Ludhiana to propose new ideas, concepts, or plans for their dream projects. The administration will provide full support to help turn these ideas into reality. 

Deputy Commissioner Sakshi Sawhney added that the goal is to empower the women with the best ideas and transform them into successful business leaders by providing seed money for their ventures. She added that it will help the women belonging to marginalized and downtrodden sections of society who may not have had opportunities to seek financial help for their ideas and ventures. 

The District Bureau of Employment Enterprises will be the executive agency of the project. She highlighted that after submission of the best ideas, concepts, and plans from future entrepreneurs, a jury will select winners in different categories. The winners will receive cash prizes along with seed funding, investment assistance from angel investors, loans and subsidies, and registration on start-up portals.