Raj Nehru Discusses Innovative StartUp Initiatives with Dr. Jitendra Singh

Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology, praised the university’s shift towards skill development and industry collaboration.

Shri Raj Nehru, Vice Chancellor of Shri Vishwakarma Skill University, India's pioneering institution focused on skill development, met with Union Minister Dr. Jitendra Singh today to highlight the university's StartUp initiatives and innovative measures fostering science and technology growth.

University's Innovative Measures:

Shri Raj Nehru briefed Dr. Jitendra Singh on the university's efforts to transition from traditional education models to a more skill-oriented approach, aiming to create a workforce adept in emerging sectors. The Vice Chancellor discussed the university's various StartUp initiatives and the measures adopted to cultivate an environment conducive to innovation.

Government's Support for StartUps:

Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology, praised the university's shift towards skill development and industry collaboration. He emphasized the Modi Government 3.0's commitment to fostering StartUps, mentioning the recent removal of the 'Angel Tax' on Venture Capital Funds as part of the union budget. The Minister highlighted a Rs. 1 Lakh Crore budgetary allocation for the Anusandhan National Research Foundation (NRF) to drive private sector-led research and innovation.

Encouragement for Space Technology StartUps:

The Minister underscored the success of private sector partnerships in the Space StartUp sector, urging Raj Nehru to promote space technology StartUps at the university. Dr. Singh expressed the government's ambitious plan to expand the space economy fivefold in the next decade through a ₹1 lakh crore Venture Capital Fund (VCF).

Industry-Academia Linkage:

Dr. Singh shared insights from successful initiatives like the Aroma Mission and Purple Revolution, emphasizing the importance of industry-academia linkages in promoting agri-preneurship and innovation.

Centre of Excellence and USTAV Foundation:

Raj Nehru invited Dr. Singh to inaugurate the newly established Centre of Excellence at the university, which was laid out by Prime Minister Narendra Modi. He also introduced the 'USTAV Foundation,' which supports school students and young innovators by providing funding and industry partnerships to turn their ideas into viable StartUps. Dr. Singh praised the USTAV Foundation's initiative and expressed support for its success.

The meeting highlighted the university's role in advancing skill development and StartUp promotion, aligning with the government's broader goals of innovation and economic growth.