What is a Start-up?
“A start-up is a company working to solve a problem where the solution is not obvious and success is not guaranteed”. The Ministry of Science & Technology has played a major role in promoting the flagship program on Start-up India.
There has been a major focus on building the Start-up innovation ecosystem and major activities have been supported through DBT, DST, and DSIR/CSIR in creating this ecosystem through supporting innovative research, technology development, and product commercialization. There have been major programs to support the incubation facilities across the country and work with institutes and universities to link them with the Start-up and industry.
ISRO’s GPS ‘NAVIC’ synced with Indian Standard Time (IST) The Timescale of Indian GPS (NAVIC - Navigation with Indian Constellation) developed by Indian Space Research Organisation (ISRO) is being synchronized to the Indian Standard Start-up India Fostering Innovation, Start-ups, and Entrepreneurship Ecosystem 106 Start-up India Time (IST) generated by the “Primary Atomic Clocks” of CSIRNPL, New Delhi. The indigenously developed system is likely to eliminate the dependence on the America-backed GPS used by many commercial taxi aggregators.
Start-ups at Venture Centre in CSIR-NCL The Venture Center, which is CSIR-NCL’s technology business incubator, helps in the incubation of start-ups. Dr. Harsh Vardhan, Union Minister for Science & Technology and Earth Sciences visited CSIR-National Chemical Laboratory (CSIR-NCL), during February 1-3, 2016.
DST Innovation and Start-ups
• MANAK (Million Minds Augmenting National Aspiration and Knowledge) – 1 lakh top ideas from school children awarded every year.
• Speed and scale of support to Innovation and Entrepreneurship programs increased by two to three times during the last two years; 15 new Technology Business Incubators are getting established every year.
• Number of persons trained also increased from 5000/yr. to 15,000/yr.
• Over 100 innovators supported under PRAYAS and 100 start-ups per year getting enhanced seed and acceleration support.
• Budget grew from
60 cr. in FY 2014-15 to185 cr. in FY 2017-18.
• The India Innovation Growth Programme 2.0 launched on 10th March 2017.
• Indian Heritage in Digital Space (IHDS) - 37 generic technologies, 7 prototypes, and scaled models have been developed and demonstrated.
National award-winners of DST INSPIRE Award
MANAK showcased their projects at ‘Festival of Innovation’ at Rashtrapati Bhavan Products licensed to Industry, Hospitals and Institutions by the TBI at IIT Bombay – BETIC (Biomedical Engineering & Technology (Incubation) Centre) India Innovation Growth Programme 2.0 launched on 10th March 2017 at the Festival of Innovations at the Rashtrapati Bhavan. 107 Start-up India Atal Innovation Mission (AIM) Atal Innovation Mission (AIM) including Self-Employment and Talent Utilisation (SETU) is the Government of India’s endeavor to promote a culture of innovation and entrepreneurship. Its objective is to serve as a platform for the promotion of world-class Innovation Hubs, Grand Challenges, Start-up businesses, and other self-employment activities, particularly in technology-driven areas.
The Atal Innovation Mission has two core functions: Entrepreneurship promotion: through Self-Employment and talent utilization, wherein innovators would be supported and mentored to become successful entrepreneurs.
Innovation promotion: to provide a platform where innovative ideas are generated.