Indian Institute of Foreign Trade (IIFT) has set up an incubation cell 'Kittes' to encourage young entrepreneurs to launch start-ups.
"IIFT at its Delhi campus has set up an incubation cell called 'Kittes' (Knowledge for Innovation in Trade and Technology for Entrepreneurial Start-Ups) with the CSR support from Mitsubishi Corp India Pvt Ltd and Metal One Corp India Pvt Ltd," IIFT said in a statement.
The cell would enable young entrepreneurs to get all the expert advice and technical guidance at one point, MSME Minister Kalraj Mishra said while inaugurating the cell.
It was erroneously stated in a report on July 18 that the incubation cell was set up by the government. The cell has actually been set up by IIFT.
"KITTES will be unique as we bring collective innovation and international experience to the table," said Surajit Mitra, Director & VC, IIFT.
