Karol Bagh | IAS GS Foundation Course | 29 May, 6 PM Call Us
This just in:

State PCS

Daily Updates

Science & Technology

Harnessing India’s Tech Strength

  • 27 Apr 2022
  • 5 min read

For Prelims: Initiatives for Start-ups

For Mains: Startups in India and challenges in achieving the true potential of start-ups, Steps taken to promote Start-ups

Why in News?

Recently, an agreement has been signed between CSIR (Council of Scientific and Industrial Research) and iCreate to harness the country's technological strength.

What is iCreate?

  • iCreate is an autonomous centre of excellence of the Gujarat government and is India's largest institution for transforming start-ups based on tech innovation into businesses.

What is CSIR?

  • CSIR is known for its cutting-edge Research & Development and Industrial knowledge base in diverse S&T areas.
  • It is a contemporary R&D organization.
  • CSIR has a dynamic network of 37 national laboratories, 39 outreach centres, one Innovation Complex, and three units with a pan-India presence.
    • CSIR has a patent portfolio of 8366 Indian patents and 7806 foreign patents.
  • CSIR covers a wide spectrum of science and technology – from oceanography, geophysics, chemicals, drugs, genomics, biotechnology and nanotechnology to mining, aeronautics, instrumentation, environmental engineering and information technology.
  • It provides significant technological intervention in many areas concerning societal efforts.
    • Societal efforts include environment, health, drinking water, food, housing, energy, farm and non-farm sectors.
  • Further, CSIR’s role in Science & Technology human resource development is noteworthy.

What are the Highlights of MoU?

  • Under the MoU, CSIR and iCreate intend to establish a collaborative support system for promising tech start-ups by making combined resources available for entrepreneurs and innovators in the country.
  • The partnership will also catalyse scientific innovation and the marketability of high-tech start-ups.
    • Fintech, neobanks, and e-commerce players make the most of the digital environment and their enterprise can leverage it to the fullest as well and ride the digital boom.
  • Further, iCreate will help set up new incubators at identified CSIR labs.
    • Such start-ups will access CSIR's equipment, facilities, and scientific manpower.
  • CSIR will provide intellectual property support and explore methods of financially supporting innovative start-ups from India to boost emerging entrepreneurs.
  • iCreate will also leverage its deep industry connections and market linkages to identify real needs that can be addressed through scientific innovation by CSIR scientists.
    • It will thus lead to faster commercialisation of the innovations coming out of CSIR.

What is the State of Start-ups in India?

  • About:
    • Today, India is the third largest start-up ecosystem globally (by number of start-ups) with more than 15,000 start-ups established in 2020, up from 5000 in 2010.
    • The underlying enablers of this startup ecosystem include smartphone and internet penetration, cloud computing, application programming interfaces (APIs), and a national payments stack in place.
    • Additionally, amid the Covid-19 pandemic, India has witnessed more number of Unicorn startups (startups having valuation of over USD1 billion) in just 2021 than it did in the period 2011-20.
    • However, still there are many challenges (Building and Scaling an Indian Startup, Diversity and the Digital Divide, Complex Regulatory Environment) that act as a hindrance in realizing the true potential of startups in India.
  • Other Related Initiatives:
    • Ranking of States on Support to Startup Ecosystems: It is an evolved evaluation tool aimed to strengthen the support of States and UTs to holistically build their startup ecosystems.
    • SCO Startup Forum: The first-ever Shanghai Cooperation Organisation (SCO) Startup Forum was launched in October 2020 to develop and improve startup ecosystems collectively.
    • Prarambh: The ‘Prarambh’ Summit aims to provide a platform to the startups and young minds from around the world to come up with new ideas, innovation and invention.
    • Startup India Seed Fund Scheme: It aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization.
    • Fisheries Startup Grand Challenge: The Department of Fisheries, Ministry of Fisheries, Animal Husbandry & Dairying In association with Startup India, the Ministry of Commerce and Industry inaugurated the Fisheries Startup Grand Challenge.

Source: PIB

SMS Alerts
Share Page