Ryerson University partners with the Bombay Stock Exchange to open Indian incubator.
Canada’s Ryerson University has signed a memorandum of understanding with the Bombay Stock Exchange (BSE) Institute, BSE’s educational subsidiary, and early stage investor Ryerson Futures to open a new incubator in India.
Dubbed the BSEI-Ryerson Digital Media Zone, the incubator will be focused on connecting entrepreneurs with mentors, investors, and both the Indian and Canadian markets.
The incubator will be housed at BSEI’s building in Mumbai, and will be structured around the Digital Media Zone employed by Ryerson in Canada, which has seen 92 startups go through its doors since opening in 2010.
Ambarish Datta, chief executive at the BSE Institute, said: “Entrepreneurship and innovation are critical for the growth of any economy, as has been evidenced in the USA, Germany, Israel and many other countries around the world. Youth unemployment and underemployment is prevalent in India and needs to be addressed on a war footing. Setting up of new enterprises can contribute in a major way to address this issue.”
