Prateek Jain from ADIF Imparts Growth Strategies to Budding Innovators at the Northeast Innovation Program at IIT Guwahati

20, 06, 2024: The Alliance of Digital India Foundation (ADIF), a prominent policy think tank for digital startups in India, participated in the Northeast Innovation Catalyst Program, an expert session organized by IIT Guwahati Technology Incubation Centre (IITG-TIC) in collaboration with FICCI and Assam startup the next on June 19-20, 2024. Mr. Prateek Jain, Associate Director at ADIF, was a featured speaker and mentor for the two-day at the 6 week residential boot camp.

The Northeast Innovation Catalyst Program identified and mentored promising startups and entrepreneurial talent from the eight Northeastern states. The program was part of a corporate social responsibility (CSR) initiative by FICCI aimed at fostering entrepreneurship, innovation and skill development in India’s Northeastern states. It also facilitated exposure to sector experts, personalized mentoring, and valuable networking opportunities at the IIT Guwahati Technology Incubation Centre.

As a part of the program, Mr. Jain delivered an insightful session on ‘Revenue Model & Growth Strategies’, sharing ADIF’s research and experience supporting startups across sectors. He guided participants on developing successful business models, defining revenue streams, attracting investments, scaling operations and other key aspects of building a thriving tech venture. Mr. Jain engaged in one-on-one mentoring interactions, providing guidance pro bono to approximately 100 startups from the Northeastern states in attendance on critical aspects such as defining revenue streams, scaling operations, attracting investments, and more.

Commenting on the session, Mr. Prateek Jain, Associate Director, ADIF, said, “It was an extremely rewarding experience engaging with the bright minds from Northeast India and supporting them in their entrepreneurial journeys. The region has immense untapped potential for innovation, and initiatives like this play a vital role in nurturing that talent. Fostering a conducive environment for innovation is key to driving economic growth and job creation in the Northeastern states.”

“We are immensely grateful to ADIF and Mr. Prateek Jain for their valuable participation and for generously sharing their entrepreneurial knowledge and mentorship with the startups from the Northeast region,” said Pooja Thakur, Incubation Manager at IITG – TIC. “Such collaborations with prestigious organizations like ADIF are instrumental in guiding and nurturing our budding innovators, and providing them exposure to industry best practices, growth strategies and revenue modeling expertise.”

With its vision of establishing India as a global leader in next-generation technologies and digital transformation, ADIF is committed to nurturing a thriving innovation ecosystem. By bridging academic research with industry, promoting domestic entrepreneurship, digital empowerment and championing digital ethics, ADIF aims to pave the way for an inclusive and sustainable digital future benefiting all Indians.