Indian Economy News

Indo-Swedish companies must support startups from both sides: Dr. Jitendra Singh

  • IBEF
  • October 28, 2022

According to Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space Dr. Jitendra Singh, Indo-Swedish businesses must support start-ups on both sides, engage in collaborative research, and exchange human resources.

He addressed the 9th India-Sweden Innovation Day via virtual mode, stating that joint startups and collaborative research will help create a shared future by utilising the power of science, technology, and innovation for social good. According to the ministry, the joint programme, which is co-funded by the Swedish Innovation Agency - Vinnova and the Indian Department of Science & Technology (DST), brings together the world-class excellence of Sweden and India to address challenges in the areas of Smart Cities, Clean Technologies, and Digitalization/Internet of Things.

The partnership, the minister emphasised, spans a number of industries, including those in the fields of energy, clean technologies, new materials, space, health and life sciences, smart cities, transportation and eMobility, and clean energy.

In order to address global challenges in accordance with the UN Sustainable Development Goals, the India-Sweden Innovation Partnership creates a bridge between institutions, R&D-intensive industries, and creative entrepreneurs.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.