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MoU Between CSIR And ICreate In Order To Support India's Tech Strength

Tuesday, 26 April 2022, 04:05 Hrs

Council of Scientific as well as Industrial Research and iCreate have signed an agreement, iCreate, India's largest institution for transforming start-ups based on tech innovation into businesses, in order to harness the country's technological strength, the science and technology ministry informed on Monday.

Gujarat Chief Minister Bhupendra Patel presided over the MoU signing between the state government's flagship technology incubator - iCreate (International Centre for Entrepreneurship and Technology) and the Council of Scientific and Industrial Research (CSIR), the premier research and development body of the Government of India.

Under the MoU, CSIR and iCreate intend to establish a collaborative support system for promising tech start-ups by making combined resources available for entrepreneurs and innovators in the country. The collaboration will also catalyse scientific innovation and the marketability of high-tech start-ups, the ministry said in a statement.

Further, iCreate will help set up new incubators at identified CSIR labs. Such start-ups will access CSIR's equipment, facilities, and scientific manpower. CSIR will provide intellectual property support and explore methods of financially supporting innovative start-ups from India to boost emerging entrepreneurs, it mentioned.

iCreate will also leverage its deep industry connections and market linkages to identify real needs that can be addressed through scientific innovation by CSIR scientists, thus leading to faster commercialisation of the innovations coming out of CSIR, the statement said.

iCreate is an autonomous centre of excellence of the Gujarat government and is India's largest institution for transforming start-ups based on tech innovation into businesses.

Located in a state-of-the-art 40-acre campus at Dev Dholera in Ahmedabad, to date it has supported over 412 innovations and 30 plus patents with a 'high-touch, entrepreneur first model, connecting them with mentors, markets and money, the ministry said.