Convert innovation into enterprises

PIB. — The President, Ram Nath Kovind, inaugurating the Festival of Innovation and Entrepreneurship, at the National Innovation Foundation-India, at Gandhinagar.

The President of India, Ram Nath Kovind said it is important to ensure that a creative idea gets the support it needs for its maturing, diffusion and delivery on the ground.

He pointed out that innovation itself is only the first of two key drivers to ensure that any innovation becomes actionable.

Said the President: “The second key driver is entrepreneurship, which needs to supplement innovation so as to deliver benefits to our fellow citizens.

“We need to build an ecosystem for converting innovations into enterprises. This requires backing for start-ups and for incubating young innovators by providing financial, mentoring and policy support,” he said at the inauguration the “Festival of Innovation and Entrepreneurship” at Gandhinagar on 15 March 2019.

“We have to make all efforts to promote an innovation culture and become an innovation society.

“This will provide us the best possibility of ensuring that every young Indian will have an opportunity to realise his or her true potential,” said the President, adding that an innovative idea in itself is not enough. fiinews.com