New Delhi, Jan 5 (KNN) The authorities has scrapped the obligatory three-year existence requirement for deep-tech startups to avail recognition underneath the Industrial Research and Development Promotion Programme of the Department of Scientific and Industrial Research (DSIR), underneath the Ministry of Science & Technology.
Boost for Early-Stage Innovators
Marking DSIR’s forty second Foundation Day, Union Minister Jitendra Singh stated the Rs 1 lakh crore RDI Fund helps startups which have reached a sure technological maturity, and the brand new leisure will additional increase alternatives for younger deep-tech corporations, reported monetary day by day Business Standard.
“For early-stage innovators or startups, a wide basket of schemes already exists across departments such as the Department of Science & Technology (DST), Council of Scientific & Industrial Research (CSIR), Technology Development Board (TDB) and others” the paper quoted the Minister as saying.
The elimination of the three-year existence requirement is a big incentive to assist deep-tech startups scale sooner, even earlier than they’re totally on their very own,” he added.
The minister additionally famous that although CSIR extends monetary help to startups, together with loans of various quantities, these have been earlier topic to a compulsory situation of demonstrating sustainability and viability by a minimal three-year existence.
Speaking on the participation of girls, Singh stated that over 10,000 ladies beneficiaries are at the moment availing DSIR schemes, together with greater than 55 women-led self-help teams.
India’s Global Technological Transition
Overall, the minister famous that India has moved past the purpose of ‘Atmanirbhar Bharat’ and is coming into a part the place different nations are more and more depending on the nation’s capabilities.
Citing examples from vaccines, medical gadgets, and indigenous applied sciences, he added that India has transitioned from import dependence to exports price a number of crores, reflecting the rising world acceptance of Indian science and know-how.
(KNN Bureau)