Centre To Monitor Progress Of Startups Funded By It: Jitendra Singh

NEW DELHI: As the number of startups has increased to over a lakh, the government has proposed the creation of a mechanism to monitor their development. Science and Technology Minister Jitendra Singh announced this on Sunday.

According to him, such a mechanism will continuously monitor the development of startups and look for ways to keep them going so that they do not suffer, especially those who have received financial and technical help from the government.

While attending the National Technology Week Exposition's closing ceremony and awards presentation at Pragati Maidan, Singh announced the development.

According to the minister, as new prospects in oceanography have arisen, start-ups have noticed a trend away from IT and towards Biotech and Earth Sciences over time.

Additionally, he dispelled myths about startups, stating facts that were based on reality.

“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.

On the models of the National Technology Day and Week, Principal Scientific Advisor Ajay Kumar Sood proposed that there be a Startup Day and Week.

Every startup that participated in the Exposition, according to S Chandrasekhar, secretary of the Department of Science and Technology, was extremely concerned with sustainable development.

“By Amritkaal, we hope to cease all greenhouse emissions and minimize damage to the environment,” he said.

For the successful commercialization of cutting-edge indigenous technology, Singh also gave out the National Technology Awards.

The 25th anniversary of the Pokhran-II nuclear tests conducted in 1998 fell on May 11, which marked the start of national technology week.

Atal Bihari Vajpayee, the country's former prime minister, established National Technology Day in 1999 as a way to celebrate the contributions of Indian scientists, engineers, and technologists who laboured to improve India's science and technology and secured the Pokhran tests' success in May 1998.

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