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Important to build ecosystem for converting innovations into enterprises: Prez Kovind

Updated: Mar 19, 2018 10:43:41am
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Important to build ecosystem for converting innovations into enterprises: Prez Kovind

New Delhi, Mar 19 (KNN) Voicing the need for a comprehensive startup ecosystem in the country, President of India , Ram Nath Kovind said it is important to build an ecosystem for converting innovations into enterprises.

The President made the comments during the inaugural Festival of Innovation and Entrepreneurship (FINE) in the national capital.

The President further said that innovations by themselves are not enough.

“We must also build an ecosystem for converting innovations into enterprises. This requires support for start-ups and for incubating young innovators. The concept of FINE brings the two wings of the bird of imagination together. We need to connect all the links of incubating innovations into enterprises by providing financial, mentoring and policy support”, Kovind said.

FINE, an initiative to recognise, respect, showcase, reward innovations and to foster a supportive ecosystem for innovators, is being organised by Rashtrapati Bhavan in association with the Department of Science and Technology, Government of India and the National Innovation Foundation from March 19 to 23, 2018.

Integral to FINE will be an exhibition of innovations that will remain open for public viewing between 1200 hrs to 1700 hrs from March 20 to 23, 2018. Visitors can come through Gate number 35 of Rashtrapati Bhavan (near North Avenue), an official release informed. (With PIB Inputs)

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