News And Events

Workshop on Market Driven Innovation & Grooming of Entrepreneurs in NE India

Date:  1st December 2017

A workshop was held by Institute of Advanced Study in Science & Technology (IASST), Guwahati, under its initiative “IASST Social
Venture & Entrepreneurship Consortium” (ISVEC) .Workshop Name:  Market Driven Innovation & Grooming of Entrepreneurs in NE IndiaVenue : Auditorium of Institute of Advanced Study in Science & Technology (IASST), GuwahatiObjectives : 

  • To spread awareness about the upcoming Business Incubation Center under ISVEC, at IASST.
  • To spread awareness about the support systems and the opportunities, which are available for the entrepreneurs of North-Eastern India.
  • Providing guidance to the scientific community about the process of market driven innovation.



Nearly one hundred participants, including existing and aspiring entrepreneurs, scientists, and students from various organizations, attended the workshop.  Experts included eminent persons from R&D Institutes, Industries, Bureaucracy, Funding agencies , NGOs and veteran entrepreneurs.



The workshop started with the welcome speech delivered by Dr. N C Talukdar, Director ( IASST).  Dr. Talukdar explained about ISVEC, the purpose of the workshop, and the role of research organizations in promotion of innovation based enterprises.

Dr. Devasish Chowdhury , Associate Professor, IASST, spoke about the various successful ventures, which have been started by the faculty members  of various institutes, in the country.

Sri Nabajyoti Acharya , consultant of IASST,  explained the importance of innovations being driven by market demands.

Sri A.K.Chakraborty, Program Executive, IASST,  explained  the importance of entrepreneurs in economy.  Further Sri Chakraborty announced about the schemes of “Virtual incubation”  and  “student incubation”, under the aegis of  ISVEC.  While the scheme of “Virtual Incubation”  is aimed at providing techno-commercial support for entrepreneurs at remote locations, the scheme of “ student incubation “  aims at making students ready for starting their ventures after completion of their education/ research.


Guest Speaker Sri T.N. ShuklaHead ( Microbanking) of Utkarsh Small Finance Bank ,  gave presentation  on microfinance industry, and told about  funding opportunities for entrepreneurs through microfinancing.  He informed that loans upto Rs two lakhs  were being provided via micro-finance organizations , without security, although the rate of interest were higher than the normal banking channels.




Sri Subhrajyoti Bharali, who is the founder of Asomi group and also the Managing Director of Industrial Co-operative Bank Ltd, Guwahati , shared his inspiring journey as an entrepreneur. He shared several real life experiences of team management, grass root innovations and business leadership.


During post lunch session, Sri Girindra Brahma, AGM, SIDBI , spoke about the role of Small Industries Development Bank of India ( SIDBI) ,  as the apex bank included under the Ministry of Micro, Small and Medium Enterprises ( MSME).  He Further detailed about the Start Up India mission and Mudra loan Schemes under government of India.



Next speaker  Dr. USN Murthy, Director, NIPER, Guwahati formally launched the newsletter of ISVEC , “ CREATORS “.  Dr. Murthy shared about the opportunities in pharmaceutical research in NE India. He further emphasized on close coordination between the public funded research organizations of North-East Region for better research outputs.


Mr. Sriniwas Lanka, who is a veteran of Pharmaceutical Industry and presently Advisor to Government of India on Jan Aushadhi Scheme, enlightened about the opportunities in North-Eastern India in developing herbal and nutraceutical products. He stressed the need for interdisciplinary learning, market driven research to be done in these areas, and also informed about the R&D process being followed in pharmaceutical industry. As Ex-CEO of companies like Sun Pharma , Aurobindo Pharma etc, Mr.  Lanka shared many real life tips on several aspects of management, such as  estimating market potential,strategy, execution, human resource management,  etc.

Lastly,  Sri Vinod Seshan , IAS, Secretary, Investment Cell of  Govt of Assam , enlightened about the multiple schemes and policies  from Government of Assam to support entrepreneurs. Mr. Seshan further emphasized that government of Assam was fully responsive to the feedback from the entrepreneurs, in framing and improvising  its policies. Mr Seshan also assured of support for ISVEC, on behalf of Assam Government, as and when required.



ISVEC-Pannel Discussion

Subsequently a panel discussion was held , which was moderated  by Sri Nabajyoti Acharya.  The other panelists in the discussions were –Sri  Sriniwas Lanka, Advisor to Corporate Affairs and Government Initiatives Sri  Vikramaditya Das , Executive Director , Grameen SaharaSri  T.N.Shukla , Head ( Microbanking), Utkarsh Small Finance Bank Sri  Partha Paul, Scientist, NEIST, Jorhat Sri  Satya Ranjan Borah , Executive Director , Kherkhuti Pvt Limited , Entrepreneur, Writer & Social worker The audience and the moderator interacted with the panelists to know more about the opportunities for becoming entrepreneurs in general and in North-Eastern India in particular. Several important tips for the entrepreneurs and researchers came up during the discussion. Sri  Vikramaditya Das and Sri Satya Ranjan Borah enlightened about the ideas for  grass root entrepreneurs, while Sri  Partha Paul informed  about the opportunity  in interdisciplinary research and product development opportunities with involvement of NEIST, Jorhat.

The workshop ended with the vote of thanks and valedictory speech, delivered by Dr. Devasish Chowdhury, Associate Professor, IASST.