Panaji, May 15, 2016Chief Minister, Shri Laxmikant Parsekar has said that the Technology Startup competition will culminate into new innovations to start new IT Ventures in the State. The Government he said is aiming to boost IT industry in the State and has been creating necessary infrastructure.

   Shri Parsekar was speaking as a Chief Guest at the prize distribution function organized by EDC in the city recently.

The EDC Ltd had organized “Technology Startup” competition wherein 35 firms participated from which eight were shortlisted as finalists.

    Shri Parsekar further speaking lauded the work done by EDC in the promotion of self employment through its CMRY scheme. The educated youth who intend to start business ventures have secured loans at lowest rates, become entrepreneurs and living a respected life. Around 6000 thousand beneficiaries have availed the benefit in which EDC have played important role, he remarked.  

 MLA and Chairman of EDC, Shri Siddharth Kuncalienkar in his address said that the Government through EDC has encouraged Goan youth start their own business by giving loans under CMRY scheme.  

 Shri Santosh Kenkre, Vice-Chairman EDC while briefing about the Technology Startup competition conducted by EDC said that the motive of the competition was to encourage the youth who have secured IT education. He said this competition has provided platform to IT educated from the State to showcase their talent.  He expressed satisfaction over overwhelming response shown by the participants.

 The ‘Technology Startup’ competition got huge response with participation of 35 participants. Among them 8 groups were shortlisted and the three finalists who were selected are Inventrom, who bagged the Chief Ministers Award; Kellows Engineering  Pvt. Ltd. and Browtape  Technology Ltd took the second and third honors respectively. The judges of the competition were honoured at the hands of Chief Minister Shri Parsekar

 Shri Arvind Ghatkar, Managing Director EDC, welcomed the gathering.

 Shri Carlos D’Sa, General Manager EDC compered the function and also proposed the vote of thanks.

Dr. Gomes, Shri Sandip Bhandari Members of the Board of Directors of EDC,  staff and officials of EDC  and others attended the function

Earlier, Chief Minister Shri Parsekar inaugurated the newly renovated first floor of EDC in the presence of MLA and Chairman of EDC Shri Siddharth Kuncalienkar and others.