CCI registered 54 cases of anti-competitive practices in 2025 (See 'Corp Brief') National Institute of Ayurveda reaffirms role as global centre for education & patient care (See 'Corp Brief') Trade Mark - prior user rights override subsequent registration, particularly where adoption of deceptively similar subsequent trade mark, is not bona fide & is aimed at riding on existing goodwill of existing trade mark: HC (See 'Legal Desk') Electronic Interlocking rolled out at 34 Railway Stations of N-E (See 'Corp Brief') PMLA - Objectives of enacting PMLA 2002, was attachment and confiscation of proceeds of crime which is quintessence so as to combat evil of money-laundering: SAFEMA (See 'Legal Desk') Khelo India Multipurpose Hall at SAI Sambhajinagar is addition to Olympic readiness: MoS (See 'Corp Brief') PM addresses community programme in Kuala Lumpur (See 'Corp Brief') A & C - mandate of arbitrators appointed unilaterally by one party, merits being terminated, where the other party explicitly refuses to waive applicability of Section 12(5) of the Act: HC (See 'Legal Desk') India-US Trade Agreement: Major boost for Textile Industry (See 'Corp Brief') IBC - In unavailability of adequate document/information and considering effect of limitation period, assigning of 'zero' value to trade receivables, without any due justification, is not appropriate: IBBI (See 'Legal Desk') India has signed MoUs with 23 countries for cooperation on Digital Public Infrastructure (See 'Corp Brief') A&C - Once arbitral tribunal has adopted plausible & reasonable interpretation of facts and contractual terms, courts cannot re-appreciate evidence or sit in appeal over award: SC (See 'Legal Desk') Railways inspects All Bridges Twice a Year (See 'Corp Brief') A&C - Permitting a civil suit to challenge an award confirmed by the Supreme Court would undermine the arbitral framework and public confidence in arbitration: HC (See 'Legal Desk') Over 1.25 lakh Livestock Farmers joined Virtual Awareness Program: MoS (See 'Corp Brief') A & C - Referral court not required to conduct detailed or contested inquiry & must limit itself to ascertaining whether underlying contract contains an arbitration clause covering disputes between the parties: HC (See 'Legal Desk') Pariksha Pe Charcha marks First-Ever multi-location nationwide engagement (See 'Corp Brief') SEBI - If Noticee violated regulation 23(1) and 23(4) of LODR Regulations as alleged in SCN, Noticee is liable for payment of monetary penalty in terms of section 15HB of SEBI Act: SEBI (See 'Legal Desk') TRAI issues Telecommunication Services Interconnection Regulations, 2026 (See 'Corp Brief') Trade Marks - Procedural defects & inadvertent errors which are curable should not be permitted to defeat substantive rights, unless shown to be deliberate, mala fide, or prejudicial to opposite party: HC (See 'Legal Desk') The Securities Markets Code, 2025: Strengthened Enforcement, Weakened Accountability? (See 'CORP EINSICHT')

Print

MoS advocates early industry linkage for Start-Up Sustainability

Published: Jan 09, 2025

By TIOLCorplaws News Service

NEW DELHI, JAN 09, 2025: UNION Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh, yesterday called for early industry linkage to ensure sustainable of StartUps, advocating for a collaborative funding approach that fosters accountability and shared responsibility in innovation. "A joint investment model, where industry and government work hand-in-hand, guarantees mutual commitment and nurtures an innovation ecosystem built on cooperation and shared stakes," he emphasized.

The Minister emphasized the need for a robust and inclusive innovation ecosystem during the Atal Innovation Mission (AIM) High-Level Committee Meeting at NITI Aayog today. He highlighted AIM 2.0 as a pivotal step towards fostering entrepreneurship, enhancing public-private partnerships (PPP), and integrating industry linkages to sustain start-ups and drive India's innovation agenda forward.

Lauding the efforts under AIM 1.0, Dr. Jitendra Singh attributed its success to the enabling policies introduced post-2014 under the leadership of Prime Minister Narendra Modi. "While we have always had the talent, the transformation has been catalyzed by the visionary policies of the Prime Minister, enabling initiatives like AIM to flourish," he remarked.

Acknowledging concerns about AIM 2.0's transition into a ministerial framework, the Minister called for a structure that retains the mission's intellectual and creative independence. "We need a model that supplements efforts without stifling innovation," he stated, suggesting a hybrid framework similar to those adopted in other sectors like space and biotechnology.

The Minister also addressed the need for an aspirational framework to rate start-ups based on key indices such as publication impact, start-up viability, and livelihood generation. "Our innovation ecosystem must ultimately contribute to creating livelihoods; otherwise, its impact remains limited," he observed.

Dr. Jitendra Singh highlighted India's scientific achievements, pointing to recent breakthroughs such as gene therapy trials published in prestigious journals like the New England Journal of Medicine. He emphasized the importance of global recognition through high-standard publications, urging Indian researchers to aim for international benchmarks to bolster confidence and credibility.

In a call for inclusivity, the Minister advocated for a language-neutral approach to innovation, with a focus on equitable opportunities across India's diverse linguistic landscape. He urged stakeholders to address translation challenges that could inadvertently disadvantage regional participants.

Concluding his remarks, Dr. Jitendra Singh expressed optimism about AIM's future, envisioning a progressive trajectory towards AIM 3.0 and beyond. "Our journey of innovation is far from over. With strengthened partnerships and an expanded ecosystem, we aim to position India as a global leader in innovation," he declared.

The AIM High-Level Committee Meeting brought together policymakers, industry leaders and academic experts to deliberate on the roadmap for AIM 2.0, with a shared commitment to fostering a vibrant and sustainable innovation ecosystem in India.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.