BSEI signs three-way agreement with Ryerson University and Ryerson Futures Inc to create a digital zone

Updated on: Tuesday, July 30, 2013

The BSE Institute (BSEI) signed a three-way agreement with the Canada-based Ryerson University and Ryerson Futures Inc to create a digital zone.

The BSEI-Ryerson Digital Media Zone, a new India-based incubator for entrepreneurs, will fast-track their start-ups and connects them with mentors, customers and investors.

BSE Institute is an arm of the Bombay Stock Exchange.

BSE Institute chief Ambrish Dutta said, "Entrepreneurship and innovation are critical for the growth of any economy, as has been evidenced in the US, Germany, Israel and many other countries. Youth unemployment and underemployment is prevalent in our country and needs to be addressed on a war footing. Setting up of new enterprises can contribute in a major way to address this issue."

Besides creating wealth and boosting the economy, new businesses generate a larger number of jobs than established ones, he said. "We need to ensure that there are many new enterprises and they get the required support to succeed."

The incubation centre will be built on the lines of the digital media zone, a model developed at Ryerson University that has attracted international attention.

President and Vice-Chancellor of Ryerson University Sheldon Levy said, "This initiative is an important first step towards creating a new bridge between Canada and India that provides young entrepreneurs unprecedented international opportunities,"

BSEI signs three-way agreement with Ryerson University and Ryerson Futures Inc to create a digital zone

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