Partnership to nurture SME entrepreneurs

In what could be a significant boost to the Rural BPO industry in the Indian state of Tamil Nadu, Cisco Systems is partnering with the Small Industries Development Bank of India (SIDBI) and Tiruchirappalli Regional Engineering College – Science and Technology Entrepreneurs Park (TREC-STEP) to nurture and support ICT entrepreneurs in the country [via Economic Times]:

In the three-way partnership, SIDBI will provide financial support, Cisco would aid in technology and the incubator TREC-STEP would help in mentoring. The partnership is targeted at the micro, small and medium enterprises segment. It has been rolled out on a pilot basis in India.

TREC-STEP is an award winning small-business incubator local in the south Indian city of Trichy. Since its establishment in 1986, it has excelled in promoting technology entrepreneurship in the region. Given the broadening focus on small and medium enterprises (SMEs), it would be worthwhile to consider setting up well-functioning business incubators in every district in India.

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4 Responses

  1. Hi,

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  2. […] Partnership to nurture SME entrepreneurs: Many NBFCs are still sitting on large amounts of cash and yet not funding businesses and borrowings, mainly the SMEs, because NBFCs are not sure if the money lent now will ever be repaid. […]

  3. […] Partnership to nurture SME entrepreneurs: Many NBFCs are still sitting on large amounts of cash and yet not funding businesses and borrowings, mainly the SMEs, because NBFCs are not sure if the money lent now will ever be repaid. […]

  4. […] Partnership to nurture SME entrepreneurs: Many NBFCs are still sitting on large amounts of cash and yet not funding businesses and borrowings, mainly the SMEs, because NBFCs are not sure if the money lent now will ever be repaid. […]

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