Speaking at a session on Manufacturing Startups at the concluding day of Make in India - Karnataka Conference here, the minister said that the idea behind this was to become future-ready and create a vibrant ecosystem.
Stressing the importance of incubators, who are the most important stakeholders in the startup ecosystem, Joint Secretary of the Department of Industrial Policy and Promotion (DIPP) Shailendra Singh said, “We aim to have 1,000 world class incubators to take this startup ecosystem forward.” “We want to take care of startups right from their registration, funding, and mentoring to exit,” he said.
While funding is a vital issue of startups, Singh said that a corpus of Rs 10,000 crore is created in line with the ‘Startup India Action Plan’. “Also, patent filing fees for startups have been reduced by 80%, and startups have to spend only 20%,”Singh said. Earlier, Founder and CEO of Qikpod Ravi Gururaj moderated the session in which 10 prominent startups shared their ideas, and their journey.