India lags behind in number of impactful start-ups: Experts 

India can be the third largest start up ecosystem in the world in terms of number of start-ups, but it lags behind in churning out influencers. It’s time to identify and harness high-potential technologies that will fuel the growth of non-linear enterprises, according to experts at a startup conclave here.

Inaugurating a conference organized by CSIR-National Institute for Interdisciplinary Science and Technology (NIIST) in collaboration with Kerala Startup Mission, Saji Gopinath, Vice-Chancellor, Digital University Kerala said, this will give Kerala a chance to strengthen its start-up ecosystem. will gain help in. As part of the ‘One Week One Lab’ programme.

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prone to failure

Gopinath said start-ups can buy technology from laboratories similar to the Council of Scientific and Industrial Research (CSIR). “At least 80 per cent of these technologies fail on conversion, therefore Kerala should promote high quality start-ups that are able to modify the technology and produce quality products,” he said.

Anoop Ambika, CEO, Kerala Start-up Mission, made the case for developing fast-growing businesses. “Adaptability and innovation play a key role in transformation. In a large ecosystem, innovation has a high value proposition,” he said. He also indicated to extend financial and infrastructural support to CSIR-NIIST for implementing new projects.

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Startup Mission, NIIST signs MoU

Devendra Reddy Kalva, executive vice-chairman, Tata Coffee, said a ‘startup mindset’ is also necessary for established companies to grow. Tata Coffee Executive Director (Finance) Venkataramanan said that start-ups in Kerala should effectively utilize the research products of NIIST. He stressed the importance of having an ecosystem where start-ups can be leveraged to bring innovation. Meanwhile, CSIR-NIIST and Startup Mission exchanged an MoU to facilitate scientific entrepreneurship and translation of impactful technologies. The MoU seeks to establish and maintain mutual relations through collaborative initiatives.

panel discussion

Anoop Ambika chaired the session on ‘Opportunities and Financial Support for Startups’, which saw a line-up of panellists including Ajith Prabhu V of Kerala State Council for Science, Technology and Environment; Sarath V Raj of Kerala Institute for Entrepreneurship Development; CN Bhojraj, Secretary, Applied Industries Bharati, Karnataka; and Nisha Bharti, Head, Department of Agri-Business Management, Symbiosis Institute of International Business, Pune.

More than 130 delegates from across the country participated in the conclave, which provided an opportunity to start-ups to discuss R&D support from research institutes as well as financial assistance from funding agencies. An exhibition of CSIR-NIIST technologies and products was also organized on the occasion. S Savitri, Chief Scientist, CSIR-NIIST presided over the meeting while RS Praveen Raj, Principal Scientist proposed the vote of thanks.