MoS Jitendra Singh asked the industry to invest in startups

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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.

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MoS Jitendra Singh asked the industry to invest in startups

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.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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