Minister of State (MoS) for Science and Technology Jitendra Singh on Sunday called the industry to invest in startups.
Singh, speaking at the 37th Foundation Day of the Department of Biotechnology (DBT) National Institute of Immunology, NII, Delhi, called for “equal stake with equal partnership” and urged the industry to take responsibility for sustaining the startup boom. He stated that the government is looking to promote industry-driven startups in order to create wealth and jobs. Singh stated that startups will be sustainable if the industry identifies the theme/subject/product from the start and invests matching equity with the government. He assured that funding will not be a constraint for promoting the “innovation ecosystem” in the country.