JAIN Group of Institutions (JGI) has pledged to invest US$1.2 million to support start-ups by graduates of the Guyana Online Academy of Learning (GOAL).
JGI said the funding is part of JAIN University’s start-up incubation programme to foster entrepreneurship.
JAIN University will also send faculty to assist GOAL students in developing start-up ideas and investing in their businesses.
The announcement coincided with the graduation of 1,712 GOAL students on May 24th.
Dr. Chenraj Roychand, founder and chairman of JAIN Group and Chancellor of JAIN University, urged graduates to set up companies in fields like finance, accounting, technology, machine learning, artificial intelligence, supply chain, and logistics management.
Dr. Roychand shared success stories of JAIN’s financial assistance programmes, which played key role in the creation of over 5,000 entrepreneurs.
He has envisioned to create 10,000 entrepreneurs in the next 10 years through an accelerated online program for all GOAL students who will contribute to country’s economic growth.