Jammu, Apr 23: 64 startups have already registered with CSIR-IIIM Jammu and a fresh impetus has been given to promote StartUp as an alternative source of livelihood, with financial, technical and logistic support being provided by the Union Ministry of Science & Technology through its different agencies and departments.
Out of these 64 StartUps, 14 have developed products and 4 have already reached the market.
This was disclosed here today by the Union Minister of State (independent charge) Science & Technology; Minister of State (independent charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, while inaugurating CSIR-IIIM Jammu’s BioNEST-Bioincubator this morning, which would offer alternative sources of livelihood to thousands of youth in the region.
Bio-NEST was launched by Biotechnology Industry Research Assistance Council (BIRAC) to foster the biotech innovation ecosystem in the country. Unlike Start-ups in the IT sector, enterprising ideas in the biotech sector need incubation support of a different kind where they need a landing space to test their ideas, run their operations, have access to high end instrumentations and locate in a place where they connect with other start-ups and mentors. Bio-NEST programme provides support to establish bio-incubators either as a standalone entity or as a part of academia.
DrJitendra Singh said that the 64 Start-ups registered with CSIR-IIIM, Jammu are based on people centric projects, 14 products have been developed and four have already reached the market. With this rapid speed, IIIM would now be accelerating the process of registering more new start-ups, the minister said.
DrJitendra Singh said that the Inauguration of BioNEST-Bioincubator and interaction with Start-ups would give a fillip to the technology exhibition at PM’s rally, as NarendraModi was scheduled to grace the nationwide “Panchayati Raj Diwas” celebrations at Palli in Samba district tomorrow. He said the event would motivate Start-Ups and help create awareness about enormous new avenues of livelihood being availed across the country but not receiving enough attention in this region due to lack of awareness.
DrJitendra Singh conveyed to the start-up entrepreneurs that this institute of national importance heralded Aroma Mission, which opened up new avenues of employment and self-reliance in the region. He said that lavender gained huge popularity among the farmers of the region as filtration, oil products and waste repurposing were emerging new paths for the population in the region. The minister explained that this was a path-breaking achievement of the current economy as there was a huge demand in the country and overseas and could earn valuable forex for the country as well.
He said that there was a need for widespread publicity that IIIM Jammu was helping the Start-ups in aroma and lavender farming to sell their produce. Prominent companies like Mumbai based Ajmal Biotech Private Limited, Aditi International and NavnaitriGamika, etc., were the primary buyers, he added. He also said that there was huge scope in dairy start-up to promote the setting up of modern dairy farms for the production of clean milk, encourage heifer calf rearing, and generate self-employment.
The Union Minister said that the stalls put up by various departments and wings of the Union Ministry of Science & Technology for Exhibition at PM’s rally would display latest technologies and innovations beneficial for rural areas and farming. The Minister had already inspected the 500 KV Solar Plant and other exhibition themes on Tuesday at the PalliPanchayat of Samba district, which was completed in record time.
DrJitendra said that the carbon-free solar plant was installed on a total area of 6,408 square metres and was completed in a record time of 18 days and would provide clean electricity and light to 340 houses in the Panchayat. It was built by Central Electronics Limited, PSE under Department of Scientific and Industrial Research, Union Ministry of Science and Technology, the minister added.
He informed that some of the themes identified for the exhibition were poverty and enhanced village livelihood, healthy village, child-friendly village, water sufficient village, clean and green village, self-sufficient infrastructure in the village, engendered development in village to be implemented by different departments of science ministries would bring about a revolutionary transformation in augmenting the household income of the rural populace.
Similarly, the minister said stalls showcasing the integration of Science & Technology with the themes of Rural Development and Panchayati Raj would be put up for the benefit of the common man. He added that instead of having conventional stalls at the event, efforts were being made to showcase the latest technology which could add value to farmers’ income and science-based demonstration with Panchayati Raj features.