For each selected idea, the BMC will provide a seed fund of Rs 25 lakh.Five top start-up ideas to solve Mumbai’s civic problems will get assistance from the Brihanmumbai Municipal Corporation (BMC), which has set aside Rs 25 crore under ‘innovation implementation’ fund.
Billionaire Rakesh Jhunjhunwala; Uday Salunkhe, director of Welingkar Institute of Management Development & Research; Kaushik Sen, CEO and co-founder of start-up Healthspring, will be part of a five-member committee which will evaluate the start-up ideas.
For each selected idea, the BMC will provide a seed fund of Rs 25 lakh. “… in addition to that, a separate fund of Rs 25 crore has been set aside for the top five start-up ideas,” said Chandrakant Chore, deputy municipal commissioner (improvements).
