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Wednesday, October 4, 2023

India residence to over 100 unicorns, ranks third in international startup ecosystem: Minister

India ranks third within the international Startup ecosystem and in addition when it comes to the variety of Unicorns. As per the newest information, there are at present 105 unicorns out of which 44 had been born in 2021 and 19 in 2022.

Union Minister of State (Unbiased Cost) Science & Know-how, Jitendra Singh whereas delivering a keynote handle at ‘DST StartUp Utsav’ at Dr Ambedkar Worldwide Centre, mentioned that Prime Minister Narendra Modi’s particular concentrate on Science, Know-how and Innovation has fired the creativeness of the youth within the nation to innovate and remedy issues with new concepts. He additionally identified that India’s startups right this moment aren’t restricted to solely metros or huge cities and added that 49 per cent of the startups had been from tier-2 and tier-3 cities. He mentioned, we’ve got startups rising within the fields like IT, agriculture, aviation, training, power, well being and area sectors.

The minister mentioned, India ranks third among the many most tasty funding locations for expertise transactions on the planet because it has a powerful concentrate on science and expertise. Singh mentioned India is among the many topmost international locations on the planet within the discipline of scientific analysis, positioned as one of many high 5 nations within the discipline for area exploration and in addition actively engaged in rising applied sciences akin to quantum applied sciences, synthetic intelligence, and so on.

The minister knowledgeable that India has created an enormous leap in its international rating of World Innovation Index (GII) from 81st within the yr 2015 to forty sixth in 2021 amongst 130 economies of the world.

India ranks 2nd amongst 34 decrease middle-income economies and 1st amongst 10 Central and Southern Asian economies when it comes to GII. The constant enchancment within the GII rating is owing to the immense data capital, the colourful startup ecosystem, and a few excellent work executed by the private and non-private analysis organisations, the Minister added.

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