Pradhan Mantri Mudra Yojana completes 11 Years of empowering Small and Micro Entrepreneurs (See 'Corp Brief') International Conference on Spacecraft Mission Operations being held in Bengaluru (See 'Corp Brief') IPR - Prior user of trademark has superior rights over subsequent user who holds registration for same or similar mark: HC See 'Legal Desk') Sirsa to review status of saline water Aquaculture cluster notified under PMMSY (See 'Corp Brief') TRAI releases paper on Satellite Communication Network Authorisation (See 'Corp Brief') Union Minister of Power to embark on 4-Day Visit to Bhutan (See 'Corp Brief') Benami Act - If no loan was repaid in actual, and just funds have been rotated among same group of parties, thereby establishing benami transaction, provisional attachment is justified: SAFEMA See 'Legal Desk') CCI nod for acquisition of shares by Coastal Cedar Investments in Fleur Hotels (See 'Corp Brief') CCI approves acquisition of equity of KNR SPVs by Indus Infra Trust (See 'Corp Brief') CCI approves acquisition by Citrus Investment LLC of shares in Hitachi Construction Machinery (See 'Corp Brief') CCI okays acquisition of equity shares of Aditya Birla Housing Finance Ltd. by Indriya Ltd. (See 'Corp Brief') Company Law - Sourcing pre-condition deposit unlawfully from corporate funds in direct violation of Sec 185, or executing settlement agreements without effectuating actual refunds or delivering legally valid & habitable possession, is illegal: SC (See 'Legal Desk') CCI approves acquisition of equity in Nabha Power by Torrent Power Ltd. (See 'Corp Brief') Prototype Fast Breeder Reactor at Kalpakkam attains First Criticality (See 'Corp Brief') Policy for Transit Oriented Development for providing affordable housing in Delhi (See 'Corp Brief') PMLA - Initiating proceedings under PMLA for continuing possession or use of proceeds of crime acquired prior to enactment of PMLA does not violate Article 20(1) of Constitution: HC (See 'Legal Desk') Ministry of Mines notifies Amendment in Rules for Faster Operationalisation of Mines (See 'Corp Brief') Govt to curb Distress Sale in APT Crops; Value Addition to boost Farmers' Income (See 'Corp Brief') Navi Mumbai turning Textile Waste into Opportunity for People (See 'Corp Brief') TRAI releases Paper on 'Formulation of Regulatory Framework for ALTD Services (See 'Corp Brief') IPR - Minor alteration to well-established trademark, such as changing single letter, does not render new mark dissimilar, especially when it remains phonetically and visually close to original: HC (See 'Legal Desk') GeM achieves Rs 18.4 Lakh Crore GMV, Emerges as Key Digital Public Procurement Platform (See 'Corp Brief') Benami Act - Burden of proof of benami transaction rests strictly upon person asserting it, and reliance solely on uncorroborated statements of third parties recorded in unrelated Income Tax proceedings, is insufficient: SAFEMA (See 'Legal Desk') Union Minister to inaugurate NCVET Capacity Building (See 'Corp Brief') FEMA - Continuing adjudication u/s 16 of FEMA despite competent authority's refusal to confirm seizure u/s 37A of FEMA, is contrary to law: SC (See 'Legal Desk') Minister calls for stronger research-industry linkages to scale food innovation sector (See 'Corp Brief') A&C Act - Doctrine of 'transnational issue estoppel' applies to enforcement proceedings u/s 48 of Arbitration Act, barring enforcement court from undertaking merits-based review: SC (See 'Legal Desk') MoS backs scaling up indigenous Insulin production amid global supply concerns (See 'Corp Brief') A&C - Mere existence of document, despite it containing arbitration clause, would not qualify as arbitration agreement, unless it is signed by parties seeking to invoke clause as also party against whom enforcement is sought: HC (See 'Legal Desk') New Sainik School reflects Centre's Vision for Nation-Building through Education (See 'Corp Brief') A&C - Agreement to sell being unregistered and unstamped as per Registration Act, Transfer of Property Act, and Indian Stamps Act, cannot be enforced: HC (See 'Legal Desk') Supreme Court Clears Path For Single Insolvency Proceedings Against Linked Group Companies (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.