BENGALURU: Union Minister of (*25*) for Science and Technology Dr Jitendra Singh on Saturday stated India’s startup ecosystem can maintain its progress solely by means of steady analysis, innovation, business partnerships and entrepreneurship, as he inaugurated the RISE Conclave 2026 in Bengaluru.
Addressing startups, researchers, business representatives and college students, Singh stated India has witnessed outstanding progress within the startup sector for the reason that launch of the Startup India initiative in 2015. From round 350-400 startups a decade in the past, the nation now has greater than 2.3 lakh startups, generating almost 25 lakh jobs and making India the world’s third-largest startup ecosystem.
Explaining the idea behind the RISE Conclave, Singh stated the platform seeks to deliver collectively 4 key pillars — Research, Innovation, Startup and Entrepreneurship (RISE) — beneath one roof. He harassed that startups require fixed worth addition by means of innovation and powerful business linkages to stay sustainable and scale efficiently.
He stated greater than half of India’s startups now originate from Tier-II and Tier-III cities, dispelling the notion that entrepreneurship is confined to main metropolitan centres. He stated the federal government is working to make sure that alternatives in innovation and startups attain each a part of the nation.
Singh recognized area know-how, biotechnology, nuclear power, synthetic intelligence and agri-tech as key drivers of India’s future economic system. He stated reforms undertaken in recent times have opened a number of sectors to non-public participation, creating new alternatives for innovation-driven enterprises. Singh additionally emphasised the necessity to align analysis and training with business necessities and inspired younger innovators to think about entrepreneurship as a viable profession path.
He urged dad and mom to help aspiring entrepreneurs and adapt to the quickly altering technological panorama. The conclave introduced collectively researchers, entrepreneurs, business representatives, college students and policymakers to debate alternatives in innovation, startups and rising applied sciences.