The Inclusive Technology Business Incubators (i-TBI) set up by the Department of Science & Technology (DST) in universities are enhancing the innovation ecosystem, according to Union Minister Dr. Jitendra Singh. These incubators, spread across 15 locations in India, aim to promote innovation and entrepreneurship beyond major cities. Dr. Singh praised the Delhi Technological University’s i-TBI for its efforts in transforming academic concepts into market-ready solutions, with a special emphasis on inclusivity and women-led innovation.
The DTU i-TBI has successfully nurtured 15 startups, showcasing the increasing entrepreneurial potential within the university environment. During a review meeting at Delhi Technological University, three startups received Startup Ignition Grants of Rs 5 lakh each under the DST-NIDHI framework. These grants, designed to support the transition from idea to prototype and early commercialization, aim to foster risk-taking and innovation among young entrepreneurs.
Dr. Singh emphasized that under Prime Minister Narendra Modi’s leadership, there has been a significant focus on science, technology, and innovation in the past decade. India is now actively contributing to technology creation rather than just consumption, with comprehensive support systems covering the entire innovation process. The Minister highlighted the importance of universities evolving into centers of innovation and entrepreneurship, moving beyond traditional teaching and research roles.
He urged academic institutions to engage with industry, attract private investments, and diversify funding sources while utilizing government initiatives like FIST, PURSE, and NIDHI to enhance their research and innovation capacities. Dr. Singh noted the government’s efforts to ensure that innovation opportunities reach smaller towns and aspirational districts, emphasizing the importance of transparency, merit-based selection, and inclusive outreach in building confidence among young innovators nationwide, democratizing scientific capabilities and aspirations.
