You would like to read
- MIT School of Indian Civil Services launches BA/ MA Programme in Administration
- Jain International Trade Organisation (JITO) in association with Greater Chennai Corporation Launched - Oxygen on Wheels for COVID-19 Relief
- Professor Michael Crow talks about Arizona State University embracing online learning and how Indian Universities can benefit from the experience
- Dr Kalyan Banerjee's Clinic dispenses 2 lakh courses of homeopathy prophylaxis protocol for prevention of COVID-19 cases
- Mukesh Choudhary, new big star in MMA professional Fight.
Chandigarh (Punjab) [India], July 1 (ANI/PRNewswire): "For any nation to emerge as a developed economy, it is important for that nation to focus on research and innovation which can help them in designing and developing new products that have global demand," said Michael Rosenthal, Director, US Embassy (North India).
The US Diplomat was speaking during the curtain-raiser ceremony of International Innovation Conclave hosted by Chandigarh University.
The first of its kind two-months long International Innovation Conclave has been named after the Missile Man of India and former President Dr. A.P.J Abdul Kalam as a mark of respect for his contribution made in the field of Defense and Space Technology and is jointly organized by Department of Science and Technology, Government of India, and Chandigarh University. Young and budding innovators from 32 countries including the USA, U.K, Italy, India, Australia would be participating in the Dr. A.P.J Abdul Kalam International Innovation Conclave during which they would be working onto find innovative & technology-driven solutions of problems in the field of Agriculture, Health, COVID-19, Waste Management, Water Management, Rural Development.
While addressing the virtual audience, US Diplomat, Michael Rosenthal said, "Entrepreneur plays a vital role in the economic development of the country. Entrepreneurs serve as the catalysts in the process of industrialization and economic growth. Government alone cannot create an Ecosystem to encourage entrepreneurship, but it is the society and environment which leads to the emergence of new entrepreneurs in the country who can uplift the economy by investing their time and efforts in innovative ideas rather than choosing contemporary jobs in the industry." He further added, " The bilateral trade between India and USA has scaled to new heights and touched $ 149 billion in 2019. India is one of the Top Trading partner of USA and this has been possible only because of entrepreneurs from both the countries who have developed new products & technologies which have generated demand over a period of time."
Dr. Sujit Banerjee, Director, Department of Science & Technology(DST), said, "Government of India is working with a mission to encourage the spirit of innovation in the country amongst the youth and for this purpose, DST has joined hands with Universities like Chandigarh University which is a breeding ground for the next generation of entrepreneurs. The innovation lead policy adopted by the Government of India has started showing results as India for the first time has been placed amongst the top 50 innovative countries in the Global Innovation Index 2020." India is currently ranked 48th with a jump of four positions in the Global Innovation Index.
While keeping the perspective of industry, Mukesh Jain, CTIO & Vice President Insight & Data, Capgemini India, said, "Innovation starts with an idea, which should be further encouraged to take shape of futuristic technology to become beneficial for society. Young entrepreneurs are often discouraged by seeing the failures of other entrepreneurs and we have to remove this fear of failure from their mind so that they are not afraid of taking risks."
Mohit Gambhir Innovation Director, Ministry of Education's Innovation Cell, Govt. of India, said, "Government has constituted an idea of Innovation cell which is working with universities and colleges all over India to develop traits of entrepreneurship among youth. Currently, the Innovation cell managed by the Ministry of Education has established Innovation Council in more than 2500 Colleges and Universities."
While giving details about the Dr. A.P.J Abdul Kalam International Innovation Conclave, Dr Sanjeet, Dean Chandigarh University, said, "Research Scholars including student and faculty from all over the world can submit their ideas online based on the themes by 5th August 2021. The initial screening and feasibility of the ideas would be completed by the experts from the industry by 25th August 2021 after which the selected students would present their final pathway to develop their ideas into real-time solutions on 3rd and 4th September 2021. Total prize money of 1.67 lakh would be given to the winners of the conclave."
Speaking on the occasion Satnam Singh Sandhu, Chancellor Chandigarh University, said, "Chandigarh University is amongst the pioneer Higher Education institution of India which are richly contributing in the field of research and innovation. Recently, the University has been ranked first in India amongst the stand-alone Institution by the Office of Controller General of Patents, Design and Trademarks Government Of India for filing the highest number of patents (336) in a year. The University has earmarked an annual budget of Rs 5 Crore to encourage budding research scholars".
This story is provided by PRNewswire. ANI will not be responsible in any way for the content of this article. (ANI/PRNewswire)
DISCLAIMER
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
