C-DoT says Rs 700 crore corpus available to fund startups, no limit to fund right innovation
C-DOT chief executive officer and chairman C-DOT Project Board RajKumar Upadhyay said that a number of delegations of ministers from neighbouring countries at the forum have expressed interest in technological collaboration with India, which will help in expansion of indigenous innovation beyond the country's boundary.
State-owned research and development organisation C-DOT has a corpus of over Rs 700 crore for funding startups, but the government has kept no limit to fund innovation, a top official of the entity said on Thursday.
Speaking to PTI on the sidelines of Regional Innovation Forum, C-DOT chief executive officer and chairman C-DOT Project Board RajKumar Upadhyay said that a number of delegations of ministers from neighbouring countries at the forum have expressed interest in technological collaboration with India, which will help in expansion of indigenous innovation beyond the country's boundary.
"We have various schemes of government to fund innovation. Some of these schemes are available through C-DoT. Through them we have a corpus of Rs 700 crore to fund startups, but there is no limit of fund if we find right innovation," Upadhyay said.
The delegation of communications ministers from Bhutan, Maldives, Nepal , Iran, Sri Lanka and Bangladesh visited the C-DoT campus.
The campus now also houses the Area Office and Innovation Centre of the International Tele-communication Union (ITU), which was inaugurated by Prime Minister Narendra Modi on Tuesday.
"We have set up our innovation centre next to ITU office. This will provide startups with all the infrastructure required for operation as well as provide access to test bed for 5G. We will take the technologies developed by startups to other part of the world under the umbrella of ITU," Upadhyay said.
Also Read: Fed raises rate again amidst banking crisis in the USA, will RBI follow the same?
Also Read: Hindenburg Research claims Jack Dorsey's payments firm Block overstated user counts
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
07:04 PM IST