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PM interacts with young innovators and Start-Up entrepreneurs across the country through video bridge

Newdelhi:6/6/18;The Prime Minister, Shri Narendra Modi, today interacted with young innovators and Start-Up entrepreneurs from across the country, through video bridge. This is the fourth interaction by the Prime Minister through video bridge series with various beneficiaries of Government schemes.

 

Delighted at India’s youngsters becoming job creators, Prime Minister said that the Government is committed towards harnessing the demographic dividend. The Prime Minister further said that adequate capital, courage and connecting with people are required for excelling in the start- up sector.

Prime Minister said that things have changed from the time where start-ups meant only digital and technology innovation.  He said that now there are start-up entrepreneurs in many fields. Start-Ups are filed in 28 States, 6 Union Territories and 419 districts. Out of these, 44% of start-ups registered are from Tier-2 and Tier-3 cities as Start-Up India is focussing on encouraging local innovations from their areas. In addition, 45% of the start-up are set up by women.

Shri Narendra Modi also explained how filing patents and trademarks have become easy under the government. Government has brought down the number of forms needed to apply for trademark from seventy-four to eight, resulting in three-fold increase in Trade Marks registration in three years. Number of patents registered has also seen a three-fold increase compared to the previous government.

During the interaction with young entrepreneurs, Prime Minister said that the government has created Rs.10000 Crore ‘Fund of Funds’ to ensure that young entrepreneurs may not face shortage of funds for their start-ups and to facilitate youngsters to innovate.  Through the ‘Fund of Funds’, Rs.1285 Crore funding has been committed, leveraging a total of Rs.6980 Crore in venture funds so far.

 

Explaining the steps taken by the government to make India’s start-up ecosystem robust, Prime Minister said that the Government-e– Market Place (GEM) has been linked to Start-Up India portal so that start-ups can sell their products to government. Start-Ups have been given income tax exemption for three years. Six labour laws and three environmental laws have been changed so that young entrepreneurs need to provide only self-certification. Government has also started a one-stop digital platform called Start-Up India Hub where all information regarding start-ups and its ecosystem is available for entrepreneurs.

Interacting with the participants, Narendra Modi said that in order to foster innovation and competition amongst youngsters, Government has started various competitions like Atal New India Challenge, Smart India Hackathon and Agriculture Grand Challenge. Prime Minister also mentioned his discussion with Prime Minister of Singapore, on holding a Smart India Hackathon like challenge between innovators from Singapore and India.

Prime Minister also reiterated the Governments’ commitment in encouraging innovation in India. Eight Research Parks and 2500 Atal Tinkering Labs are being established all over the country to encourage youngsters to take up research and innovation.

Addressing the innovators, Narendra Modi invited youngsters to ideate on how to transform agricultural sector. He said that ‘Design in India’ is essential along with ‘Make in India’. Prime Minister also encouraged youngsters to continue innovating and gave the mantra of ‘Innovate or Stagnate’.

Interacting with the Prime Minister, young innovators explained how the various government schemes under Start-Up India initiative have helped set up the new start-ups. Entrepreneurs and innovators also explained their innovations to Prime Minister ranging from agricultural innovations to Block chain technology. Schoolchildren from various Atal Tinkering Labs shared their innovations with the Prime Minister. Prime complemented the schoolchildren for their scientific skills and encouraged them to come up with more such inventions.

 

Prime Minister gave a clarion call to nation to make ‘Innovate India’, a mass movement. He encouraged the citizens to share their ideas and innovations through the hashtag #InnovateIndia.

 

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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