The ADITI scheme worth Rs 750 crore for the period 2023-24 to 2025-26 falls under the iDEX (Innovations for Defence Excellence) framework of Department of Defence Production (DDP), Ministry of Defence.
Under the new policy, 2000 new start-ups will be set up in Jammu & Kashmir in the next five years in order to nurture and inspire entrepreneurial talent of J&K by creating a vibrant and robust start-up ecosystem in the UT.
The Indigenous 5G Test Bed was dedicated to the nation by Prime Minister Narendra Modi on 17 May 2022.
Indian Space Research Organisation (ISRO) Chairperson S Somanath on Thursday said about 100 start-ups were registered with them and were working closely in various domains of the space sector.
Secretary MoEFCC Leena Nandan highlighted the need to work through silos and also stated that technology cannot remain confined to big players due to their access to finance. MSMEs and start-ups need to be enabled to access finance to use technology optimally.
India is home to about 6.3 crore MSMEs, which contribute around 29 percent to the country’s overall GDP.
Jio Platforms raised a total of Rs 1.52 lakh crore from companies such as Facebook, Qualcomm Ventures, Google etc in mid-2020, when COVID-19 cases were rising every day.
Laying the foundation stone of the permanent campus of IIM Sambalpur , the Prime Minister said the growth of Start-Ups require new managerial expertise and innovation. “We have created a huge pool of talent – from just 13 IIMs in 2014 to 20 IIMs and it is the responsibility of the new managers to attain worldwide recognition. The digital connectivity has made it possible to work from anywhere, it has become a global workplace”, he said.
In addition to workspace and back-end assistance, most business incubators also organise professional development workshops and programs as well as ample networking opportunities.
The bank already serves an undisclosed number of start-ups as part of the earlier offering and other offerings.
