As number of startups cross 1 lakh, Union minister proposes new mechanism to retain them – Times of India

NEW DELHI: The Center has proposed to set up a mechanism to nurture and monitor the progress of startups as their number now exceeds one lakh, Union Minister for Space, Science and Technology Jitendra Singh said on Sunday.
Singh said, “There has been a demand to develop a mechanism that would closely follow the growth of these startups, see how to sustain them so that they do not lose out, especially those that have received technical and financial support from the government. ” an award ceremony of National Technology Week Exhibition Here. The minister also proposed theme-based cluster projects and said the exercise would be launched next week.
“We must dispel the myths around startups. One is the age factor, I have seen a scientist setting up a startup after retirement; the other is high qualification, you just need to be an innovator, with a flair for creativity. be the underlying finding,” Singh said.
“As the third generation since independence, it has seen a shift from IT to biotech and earth sciences as new opportunities have opened up in ocean science. This third generation is the luckiest as they are no longer prisoners of their aspirations,” Singh Said, “This is one of the best times with India, which is witnessing innovation under the leadership of PM Narendra Modi”.
celebration of national technology day Started in 1999 by former PM Atal Bihari Vajpayee to honor Indian scientists, engineers and technologists who worked for India’s scientific and technological progress and ensured the successful conduct of Pokhran tests in May 1998.