India
has climbed 4 spots and has recently been ranked 48th by the World Intellectual
Property Organization (WIPO) in the Global Innovation Index 2020 rankings and
now aims to be in the top 25 before the next raking stated Mr. Sanjay Dhotre,
Minister of State for Electronics and Information Technology at the ASSOCHAM
Smartech India 2020 event organised by the Associated Chambers of Commerce and
Industry of India (ASSOCHAM) today.
The
honourable minister stated that the government has come out with several
innovations to provide a conducive ecosystem to promote start-ups in the
country. “We have one of the largest numbers of start-ups in the world. The
Ministry of Electronics and Information Technology is working on several
initiatives as a part of the Digital India program to expand this eco system,”
he said.
According
to Mr Dhotre, all the efforts are taken towards helping the marginalised
sections of the society. “There is also a monitoring centre which would help
incubate all these innovative ideas from start-ups. This is a part of the
digital Bharat initiative and the government is ready to offer all the policy
support for the same,” he said.
Rajyasabha
MP and former minister of Railways, Minister of Commerce & Industry and
Civil Aviation, Mr Suresh Prabhu stated that new ideas to suit the future would
come from start-ups. “The larger existing companies will be busy sustaining
their business, it’s the smaller start-ups that will lead the innovations,” he
said.
According
to Prabhu, the Information and Communication Technologies (ICT) over a period
of time will create value for all the stakeholders, create new job
opportunities and boost the economy. “Take for instance, the launch of new drug
trials, the amount of clinical trials, most of the information comes from the
use of the ICT. These are the platforms which would drive the new technology of
the future,” he added.
The 4th
ICT start-up awards were also announced on the occasion where four companies were
felicitated. Signzy Technologies Pvt. Ltd. for enabling truly digital banking
for users for making the digital KYC process much more smoother were given the
first award. The second award was given to IBRUM Technologies for their work in
improving the quality of life and respiratory ailments. Inntot Technologies
Pvt. Ltd. was awarded for their work in the field of digital broadcast through
innovation. The fourth award was given to Minion Labs India Private Limited for
their efforts to reduce the power cost with the help of smart devices.
Others
who also spoke during the conference were Ms. Monica Magnusson, Vice President
– IPR Policy, Ericsson, Dr. Sheetal Chopra, Chair – ASSOCHAM IPR Council.
New Delhi, September 25, 2020
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