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Home Technology

Tech: Marine Startups needed in coastal states

Fiinews by Fiinews
May 22, 2025
in Technology
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Minister Jitendra Singh addressing Marine Startup Conclave in Mumbai.

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49% of startups are from Tier-2 and -3 cities.

Minister of State for Science and Technology Dr Jitendra Singh has highlighted the importance of promoting Marine Startups in coastal states as it is a relatively untapped sector with significant potential to contribute to India’s expanding economy https://dst.gov.in/

Addressing a StartUp Conclave, he emphasised that Mumbai, with its strategic coastal location, is an ideal venue to highlight the immense potential of the marine economy—especially since India has one of the world’s longest coastlines, spanning over 7,500 km and shared by several major states.

Speaking on a broader vision behind organising StartUp conclaves across various regions, Dr Jitendra Singh said the aim is to connect with emerging talent and entrepreneurial ideas from every corner of the country https://www.startupindia.gov.in/.

It is an encouraging sign that 49% of today’s startups are now emerging from Tier 2 and Tier 3 cities, he added.

Dispelling the notion that a formal science degree is a prerequisite for startup success, Dr Jitendra Singh stressed that what truly matters is having the right aptitude and passion.

In a compelling address that blended policy intent with national ambition, Dr Jitendra Singh released a CSIR Compendium titled “Towards Viksit Bharat — CSIR Technologies Empowering the Nation,” showcasing over 400 technologies transferred to industry and more than 125 Start-ups nurtured in recent years https://www.bseindia.com/.

“The compendium reflects India’s scientific growth story where science, Start-ups, and societal development go hand in hand,” he underlined.

Highlighting India’s meteoric rise in the global innovation landscape, Dr Jitendra Singh noted that India has jumped from 81st to 40th rank in the Global Innovation Index over the last nine years. “From just 350 Start-ups in 2014, we now boast over 1.25 lakh recognised Start-ups and more than 110 Unicorns,” he pointed out, crediting proactive policy reforms, ease of business, and increased scientific collaboration for this growth https://www.nseindia.com/.

The Minister underscored that the present government has dismantled outdated rules, opened space and atomic energy sectors to private participation, and created a startup ecosystem that is inclusive, aspirational, and impact-driven.

He credited the CSIR labs across the country for their pivotal role in nurturing deep-tech ventures, translational research, and sustainable technologies.

Dr Jitendra Singh has also highlighted the recently developed state-of-the-art facility at the CSIR Innovation Complex in Mumbai, designed to provide incubation and business spaces for Start-ups, MSMEs, and industry stakeholders.

The facility offers access to high-end scientific infrastructure, regulatory support, and expert collaboration opportunities, effectively bridging the gap between research and real-world application.

He also drew attention to the integration of investment platforms like Shark Tank into science events, underlining their role in connecting young innovators with potential investors and accelerating lab-to-market transitions.

Reinforcing the Ministry’s commitment to inclusive growth, Dr Jitendra Singh reiterated the support provided through initiatives such as NIDHI, TIDE, and Technology Business Incubators (TBIs), which combine financial assistance with mentorship and infrastructure to cultivate a robust start-up ecosystem.

The exhibition, which Dr Jitendra Singh inaugurated along with Chief Minister Devendra Fadnavis, featured breakthrough innovations across sectors—ranging from green hydrogen and clean energy to affordable healthcare and AI-powered solutions. Interacting with Start-up founders and researchers, the leaders lauded their efforts in aligning scientific advancement with national priorities.

Dr Jitendra Singh underlined that the Start-up movement is not restricted to metros anymore. “Young innovators from Tier 2 and Tier 3 cities, including women and underrepresented communities, are now at the forefront of India’s tech transformation. This is the real spirit of Atmanirbhar Bharat,” he said https://www.digitalasiahub.org/.

The conclave has brought together over 100 CSIR scientists, researchers, and technology developers, besides a wide cross-section of entrepreneurs, investors, industry leaders, and policymakers. The event seeks to foster collaborations and fast-track the commercialisation of CSIR technologies. fiinews.com

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