ITS Start-Up Policy and Our Startups
“For any nation to emerge as a developed economy, it is important for that nation to focus on research and innovation which helps them in designing and developing new products.” As of 2020, India has been ranked 48th amongst the top 50 countries in the Global Innovation Index. It has jumped four places since the last ranking.
While according to Start-up Blink—a world renowned research centre based on start-ups, India ranks 20th amongst top 100 countries in the Global Start-up Ecosystem Index in 2021. If we talk about cities, Delhi ranks 14th amongst the top 25 cities in the Global Start-up Index.
This economic upscale has been possible due to the innovative contribution of upcoming Entrepreneurs across the country. As of 2021, the government has successfully established innovation council in more than 2500 Universities.
If we talk about innovation cells, it is a recent initiative devised by the Ministry of Education to promote University students to encourage, inspire and nurture new ideas and bring them to reality. Such has been done in engineering colleges to welcome fresh ideas into the world of science.