STATE TIMES NEWS
NEW DELHI: Govt of India has launched an umbrella program “NIDHI” (National Initiative for Developing and Harnessing innovations) to foster innovation among the StartUps in the country.
This information was shared by Union Minister, Dr Jitendra Singh in the Rajya Sabha on Thursday.
In reply to a question in the Rajya Sabha, Dr Jitendra informed that NIDHI program has various components to support innovations, StartUps as well as StartUp incubation ecosystem in the country.
The Minister also underlined that the Council of Scientific and Industrial Research (CSIR) is playing an active role in conceptualising and developing state-of-the-art Incubation facilities for translating technology & products and handholding entrepreneurs, start-ups, and MSMEs so as to ensure the transfer of the benefit of S&T interventions to the Society, Industry and the Country. Department of Biotechnology through BIRAC (Biotechnology Industry Research Assistance Council) and its various schemes and initiatives encourages startups, entrepreneurs, innovators, scientists, technology experts, academicians to undertake translational research and innovations leading to development of affordable products & technologies for the public at large.
Innovations for Defence Excellence (iDEX) under Ministry of Defence supports creation of an ecosystem to foster innovation and technology development in Defence and Aerospace by engaging Industries including MSMEs, start-ups, individual innovators, R&D institutes & academia.
National Agriculture Innovation Fund of ICAR (Indian Council of Agricultural Research) promotes the Startups related to agri-tech under incubation activities in ICAR Network wherein it has established Agri-business Incubator (ABIs) centres in 50 Institutes.
