The government has proposed the setting up of a mechanism to oversee the nurturing and progress of startups as their numbers have risen to more than a lakh, Science and Technology Minister Jitendra Singh said on Sunday.
He said such a mechanism will closely follow the growth of Startups, and see how to sustain them so that they do not lose out, especially those that have received technical and financial support from the Government.
The minister said over the years startups have witnessed a shift from IT to Biotech and Earth Sciences as new opportunities have opened in Oceanography. He also debunked myths surrounding startups.
“One is age factor, I have seen a scientist setting up a startup after retirement; second is higher qualification, you just need to be an innovator, having an inherent quest for creativity,” Singh said.
Principal Scientific Advisor Ajay Kumar Sood suggested that there should be a Startup Day & Week on the patterns of the National Technology Day & Week.
S Chandrasekhar, Secretary Department of Science & Technology, said every startup that took part in the Exposition was very conscious of sustainable development.
“By Amritkaal, we hope to cease all greenhouse emissions and minimize damage to the environment,” he said.
Singh was addressing the valedictory function and Awards Ceremony of the National Technology Week Exposition at Pragati Maidan.