India has emerged as a global hub for startups and innovation: Jitendra Singh

By Sandy Verma On Jan 20, 2025

mumbai�मुंबई,� Union Minister of State (Independent Charge) for Science and Technology, Dr. Jitendra Singh said that under the visionary leadership of Prime Minister Narendra Modi, India has emerged as a global hub for startups and innovation. After inaugurating India's first-of-its-kind CSIR Mega 'Innovation Complex' in Mumbai and dedicating it to startups and industry stakeholders, the Minister said, “We are proud to have the third largest startup ecosystem in the world, with over 100 There are more unicorns which are a testament to India's entrepreneurial spirit.” “This remarkable growth is a reflection of the transformative initiatives and policies launched by our government to empower the youth and promote economic self-reliance,” the minister said. The new 'Innovation Complex' is a massive state-of-the-art set up spread over nine floors, with 24 “ready-to-move-in” incubation labs besides well-equipped offices and networking spaces for innovative startups, MSMEs, industries and CSIR labs.

The facility will provide high-level scientific infrastructure, expertise and regulatory support to CSIR labs, startups, MSMEs and stakeholders including stakeholders including industry for SOP-driven studies required for regulatory submissions and compliance. “This inauguration is just the beginning. We are excited about the future possibilities and the immense contribution this innovation complex will make to India's growth story,” the minister said.

The CSIR 'Innovation Complex' in Mumbai comes at a crucial moment in India's startup journey. It will act as a bridge between cutting-edge science and its application to solve real-world challenges, thereby contributing to the vision of a self-reliant India. Dr. Jitendra underlined the high-level scientific infrastructure and expertise designed to foster critical translational unmet needs (from lab to regulatory and regulatory to industry domains) for start-ups, MSMEs and CSIR laboratories, While catalyzing rapid technology-transfer processes. This campus will act as an innovation and incubation center for support, collaboration and partnerships in key industrial sectors such as healthcare (pharma, biopharma, medtech), chemicals, materials, energy and other relevant areas of interest to CSIR laboratories.