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'Deep tech requires a new breed of entrepreneurs...': Rajeev Chandrasekhar on next innovation wave in startups
Business Today
·
3m ago
Medial
Rajeev Chandrasekhar emphasized the shift from consumer-focused models to deep-tech ideas in driving future entrepreneurial success at the India Global Forum. He identified deep tech's critical role in India's innovation wave, citing companies like OpenAI and Google as leaders. The government's role includes providing capital and opportunities. Chandrasekhar also highlighted the need for engineers to address big tech ambitions through practical solutions, echoing a call for smart problem-solving in technology development.
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National Startup Day 2024: Rajeev Chandrasekhar, Piyush Goyal highlight deeptech, women power
Economic Times
·
1y ago
Medial
On National Startup Day, Indian ministers Rajeev Chandrasekhar, Piyush Goyal, and Dharmendra Pradhan celebrated India's position as the third-largest startup ecosystem globally. Goyal praised the government's efforts to support entrepreneurs, while Chandrasekhar emphasized deeptech as the next wave of innovation. Pradhan congratulated India's entrepreneurs and mentioned the launch of the second phase of Startup India program, which will focus on deep technology startups. India has over 1.17 lakh startups, with a significant number led by women directors and contributing to job creation.
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Next wave of startups from India to be on deeptech, IP-based devices: MoS IT Rajeev Chandrasekhar
Economic Times
·
1y ago
Medial
According to Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar, the next wave of startups in India will focus on intellectual property-based products in deep tech areas like AI, semiconductors, quantum computing, and Web 3.0. The government is also considering supporting eligible startups to receive research and development assistance from global institutions. Additionally, there are plans to incorporate provisions in the IT rules to prohibit the distribution of deep-fake content if internet and social media intermediaries don't comply with advisories. The government is currently reviewing proposals for setting up semiconductor fabrication units and compound semiconductor chip fabrication units.
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Govt's AI advisory will not apply to startups: MoS IT Rajeev Chandrasekhar
Economic Times
·
1y ago
Medial
Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar, stated that the government's advisory on large language models will not affect startups, but only significant platforms. This comes after concerns were raised by AI startups regarding the need for permission before launching new AI models. Chandrasekhar clarified that the advisory is targeted at untested AI platforms to ensure user protection and is not intended to hinder innovation. The advisory requires intermediaries and platforms to prevent the hosting or sharing of unlawful content through AI models.
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Startups in India to grow tenfold in next 4-5 years: Union MoS Rajeev Chandrasekhar
Money Control
·
2y ago
Medial
According to Union Minister Rajeev Chandrasekhar, startups in India are expected to grow tenfold in the next four to five years. The government aims to create a supportive ecosystem for startups, including access to capital, skilled talent, and regulatory reforms. The focus will be on sectors such as agritech, healthtech, edtech, and fintech, which have witnessed significant growth and innovation in recent years.
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Digital economy to contribute 20% of India's GDP by 2026: MoS IT Rajeev Chandrasekhar
Economic Times
·
1y ago
Medial
According to Union Minister Rajeev Chandrasekhar, the digital economy is expected to contribute 20% of India's GDP by 2026. He mentioned that the digital economy has already grown from 4.5% to 11% of the GDP since 2014. India has transformed from being a consumer of technology to a producer of devices, products, and platforms for the world. Chandrasekhar believes that the next decade will be full of opportunities for startups and innovation in India.
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Chandrayaan 3 success is testament of our deep tech capabilities, says MoS IT Rajeev Chandrasekhar
IndianStartupNews
·
1y ago
Medial
Union Minister Rajeev Chandrasekhar highlighted India's increasing capabilities in deep tech, using Chandrayaan 3 as an example. He expressed confidence that India can achieve PM's vision of a digital economy contributing 20-25% to GDP. Chandrasekhar also mentioned India Stack's role in helping other countries adopt technology. India Stack offers APIs for paperless and cashless service delivery. Countries like Sri Lanka, Morocco, and the Philippines are using India Stack's technologies. India recently achieved a lunar landing on the moon's South Pole, further showcasing its technological prowess.
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RBI Action On Paytm Payments Bank Has Drawn Fintechs' Attention To Compliance Of Laws: Chandrasekhar
OutlookIndia
·
1y ago
Medial
Union Minister Rajeev Chandrasekhar has emphasized the importance of regulatory compliance for fintech companies, citing Paytm Payments Bank as an example. He stated that compliance with laws and regulations cannot be optional for companies and that no company can escape consequences if it is non-compliant with the law. The Reserve Bank of India (RBI) recently barred Paytm Payments Bank from accepting new deposits due to persistent non-compliance and other supervisory concerns, prompting Chandrasekhar to highlight the need for fintech entrepreneurs to pay closer attention to regulatory compliance.
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Ambition to grow AI, startup innovations as important as AI safety: MoS IT Rajeev Chandrasekhar
Economic Times
·
1y ago
Medial
Union Minister Rajeev Chandrasekhar emphasized that artificial intelligence (AI) safety is as vital as fostering AI innovation and a startup ecosystem in India. He stated this at the AI Safety Summit 2023 in the UK. He believes that India should focus on both AI safety and the growth of AI and startups, as it's not a binary choice. Chandrasekhar highlighted the need for global cooperation in building AI safety standards and methodologies and mentioned that these discussions would take place at the Global Partnership of Artificial Intelligence (GPAI) 2023 in India.
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India to soon launch Future Labs programme: MoS IT Rajeev Chandrasekhar
Economic Times
·
1y ago
Medial
The Indian government plans to launch a Digital India Future Labs program in partnership with government labs, startups, and large enterprises in the electronics sector, according to Minister of State for Electronics and IT, Rajeev Chandrasekhar. Additionally, an India Semiconductor Research Centre is also being established. Chandrasekhar emphasized the need for design innovation in semiconductors and hinted at upcoming announcements in this area. The government has received several high-quality proposals for fabricating facilities and outsourced semiconductor assembly and test proposals, demonstrating India's growing semiconductor and electronics ecosystem.
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India to host first edition of Global IndiaAI 2023 in October
Economic Times
·
1y ago
Medial
The Ministry of Electronics and Information Technology (MeitY) will host the Global IndiaAI 2023 conference in October, attracting prominent AI players, researchers, startups, and investors from India and around the world. The event will explore topics such as next-gen learning, AI in healthcare and governance, future trends, investment opportunities, and nurturing AI talent. Rajeev Chandrasekhar, the minister of state for electronics and information technology, will lead the conference's steering committee. The conference aims to foster collaboration and discussion on AI's future and its impact on various sectors while showcasing India's AI initiatives and innovation ecosystem.
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