New Delhi, April 28
Prime Minister Narendra Modi will on Tuesday address the YUGM Conclave, which aims to catalyse large-scale private investment in India’s innovation ecosystem and will see various key projects being initiated.
YUGM ("confluence" in Sanskrit) is a first-of-its-kind strategic conclave convening leaders from government, academia, industry, and the innovation ecosystem, a government release said.
To be held at the Bharat Mandapam here, it will contribute to India's innovation journey, driven by a collaborative project of around Rs 1,400 crore with joint investment from the Wadhwani Foundation and government institutions.
In line with the Prime Minister’s vision of a self-reliant and innovation-led India, various key projects will be initiated during the conclave.
They include Superhubs at IIT Kanpur (AI & Intelligent Systems) and IIT Bombay (Biosciences, Biotechnology, Health & Medicine), Wadhwani Innovation Network (WIN) Centres at top research institutions to drive research commercialisation, and partnership with the Anusandhan National Research Foundation (ANRF) for jointly funding late-stage translation projects and promoting research and innovation.
The conclave will also include high-level roundtables and panel discussions involving government officials, top industry and academic leaders, action-oriented dialogue on enabling fast-track translation of research into impact, a Deep Tech Startup Showcase featuring cutting-edge innovations from across India, and exclusive networking opportunities across sectors to spark collaborations and partnerships.
The Conclave aims to catalyse large-scale private investment in India’s innovation ecosystem, accelerate research-to-commercialisation pipelines in frontier tech, strengthen academia-industry-government partnerships, advance national initiatives like ANRF and AICTE Innovation, democratise innovation access across institutions, and foster a national innovation alignment toward Viksit Bharat@2047.
— IANS
Reader Comments
This is exactly what India needs right now! Innovation hubs at IITs will create so many opportunities for young researchers. Can't wait to see what comes out of this initiative 🇮🇳
While I appreciate the focus on innovation, I hope they also allocate funds for smaller colleges and universities outside the IIT system. True democratization of innovation means supporting grassroots institutions too.
The Deep Tech Startup Showcase sounds exciting! India's startup ecosystem is booming and this kind of government support will take it to the next level. Kudos to the PM for this vision ðŸ‘
Rs 1,400 crore is a significant investment. I just hope there's proper accountability and transparency in how these funds are utilized. We've seen too many initiatives fail due to poor execution.
The focus on biosciences and AI is spot on! These are the fields that will define our future. Great to see India taking proactive steps rather than playing catch-up.
As a researcher, I'm thrilled about the WIN Centres! Commercialization has always been our weak point. If this helps bridge the gap between labs and markets, it could be transformative for Indian science.
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