Jitendra Singh: Startups Key to India's Growth; Mentorship, R&D Risk Essential

• Union Minister Jitendra Singh stated start-ups are key to India's growth, emphasizing mentorship and risk-taking in research.
• Speaking at the India International Science Festival (IISF), Singh noted India's shift to an innovation-driven nation, shaping global tech trends.
• The government's focus has moved to creating a supportive ecosystem, connecting ideas to markets through platforms like BIRAC.
• Singh stressed the need for India to accept risk in R&D for start-ups to scale globally, acknowledging innovation involves failure.
• A new national R&D fund was launched to support high-risk, high-impact innovation in sectors like space and nuclear energy.

Why It Matters: Startups are vital for India's economic growth and global innovation leadership.