startups

The government of India is going to invest Rs. 200 crore to set up 100 more incubators throughout the country in order to support startups in innovations. The Science & Technology (S&T) department of Central Government has already started the 100 incubators to help startups.

“As we want to double the number of incubators over the next four years, we will spend Rs 200 crore on setting up 100 more incubators under the National Initiative for Developing and Harnessing Innovations (NIDHI) program,” said science and technology secretary Ashutosh Sharma.

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The department has also finalized the place to build five of 50 Supercomputers IT plans this year to support research activities. The Supercomputers are designed to set up throughout the country under the National Super-computing Mission with an investment of Rs. 4,500 crore for the next seven years.

“Of the five supercomputers, one each will be housed in the Indian Institute of Science (IISc) in Bengaluru, the Indian Institutes of Technology (IIT) at Kharagpur in West Bengal and Kanpur in Uttar Pradesh, the International Institute of Information Technology at Pune in Maharashtra, and Jawaharlal Nehru University in New Delhi,” said Sharma.

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According to the reports, Indian Government has taken measures to increase the investment in Science & Technology and Research and Development (R&D) to two percent of GSP to one percent of GDP. The government also claimed that they were planned to promote R&D in the country.

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