India to Launch Innovation Fund to Support Deep Tech Startups

Article By : PIB India

The Government of India will launch a Digital India Innovation Fund that aims to support deep tech startups.

The Government of India is going to launch a Digital India Innovation Fund that will support deep tech startups. This, according to Minister of State for Electronics & Information Technology and Skill Development & Entrepreneurship, Shri Rajeev Chandrasekhar, during his address to over 1,000 college students as part of the New India for Young India: Techade of Opportunities program at the Catholic Bishop House Campus in Thamarassery, Kerala, last December 20.

The Minister spoke at length about how for most part of the past 75 years, India had been a dysfunctional democracy where the opportunities for growth were limited to a select few. “We had accepted this dysfunctionality as a fact and considered it as the cost of democracy,” he said. He mentioned that PM Shri Narendra Modi’s vision of New India is one where there were ample opportunities for every Indian to participate in the development process and Hard work and skills are the only determinants of success.

“Migration is a consequence of lack of hope. But India at the moment is going through an inflection point. The coming decade is going to be India’s Techade. There are tremendous opportunities for young Indians. You won’t get these kinds of opportunities, anywhere outside India. We should always have confidence that this is our land and the action is in India,” he said.

The Minister had lunch with Bishop Remigiose Inchananiyil and Bishop Varghese Chakkalakal and other members of KCYM Kerala Catholic Youth Movement. The Minister took to his Twitter handle and thanked Sister Celesti from the Missionary sisters of Mary Immaculate and her team for hosting lunch for the Minister at the Bishop’s house.

Later, Chandrasekhar attended the Malabar Yuvajana Sangamam at Alphonsa English Higher Secondary School, Koranghad, Kerala and inaugurated the event by lightning the lamp. The Samgamam witnessed a participation of over 5000 members of Kerala Catholic Youth Movement.

“The government under PM Narendra Modi is committed to working with all communities for the future of India. Every Indian must have equal opportunities to prosperity irrespective of community, caste, place or religion,” he said.

Referring to contribution by the Christian Community, the Minister said the community has contributed tremendously towards the growth and development of Kerala. They are an important stakeholder of India’s Amritkaal – the journey towards a developed Nation by 2047.

 

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