Jammu, April 23: Union Minister of State Dr Jitendra Singh Saturday said that 64 StartUps have already registered with the 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 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, he said.
He said this while inaugurating the CSIR-IIIM Jammu's BioNEST-Bioincubator, which will 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 program provides support to establish bio-incubators either as a standalone entity or as a part of academia.
Dr Jitendra 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.
Dr Jitendra Singh said that the Inauguration of BioNEST-Bioincubator and interaction with Start-ups will give a fillip to the Technology Exhibition at PM's rally, as NarendraModi is scheduled to grace the nationwide “Panchayati Raj Diwas” celebrations at Palli in Samba district tomorrow. He said, the event will 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.
Dr Jitendra Singh conveyed to the start-up entrepreneurs that this institute of national importance has heralded Aroma Mission, which has opened up new avenues of employment and self-reliance in the region. He said, Lavender has gained huge popularity among the farmers of the region as filtration, oil products and waste repurposing are emerging new paths for the Population in the region. The Minister explained that this is a path-breaking achievement of the current economy as there is a huge demand in the country and overseas and can earn valuable forex for the country as well.
Dr Jitendra Singh said, there is 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., are the primary buyers, he added. He also said that there is 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.