Dr Jitendra Singh Highlights Untapped Potential of Marine Startups at Mumbai Conclave

Ministry of Science & Technology Dr Jitendra Singh Highlights Untapped Potential of Marine Startups at Mumbai Conclave Deep Sea Sector Gained Serious Focus Only After PM Modi’s Red Fort Announcement, says the Minister Startup Conclaves Aim to Tap Talent Across India; 49% Now Emerge from Tier 2 & 3 Cities: Dr Jitendra Singh Success in Startups Driven by Aptitude and Passion, Not Just Science Degrees, says the Minister Posted On: 20 MAY 2025 5:48PM by PIB Delhi Addressing the CSIR StartUp Conclave 2025, Union Minister Dr. Jitendra Singh, Minister of State (Independent Charge) for Science and Technology and Earth Sciences, and Minister of State for the PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, highlighted the importance of promoting Marine Startups in coastal states. He noted that this remains a relatively untapped sector with significant potential to contribute to value addition in India’s expanding economy. Dr Jitendra Singh said India’s journey towards becoming a Viksit Bharat will significantly rely on tapping into under-explored sectors. Addressing the Mumbai 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. The Minister noted that it was only after Prime Minister Narendra Modi’s announcement of the Deep Sea Mission from the Red Fort that the country began to approach this sector with seriousness and strategic intent. Speaking on the 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. It is an encouraging sign, he added, that 49% of today’s startups are now emerging from Tier 2 and Tier 3 cities.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. “The compendium reflects India’s scientific growth story under the leadership of Prime Minister Narendra Modi, where science, Start-ups, and societal development go hand in hand,” 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. The Union Minister emphasized 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. The conclave, which will continue tomorrow, 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. The inaugural day also featured the participation of several key dignitaries who played a vital role in settingthe tone for the conclave. Prof. Sunil Kumar Singh, Director of CSIR-NIO, delivered the welcome address, followed by special remarks from Dr. Ashish Lele, Director of CSIR-NCL, and Dr. S. Venkata Mohan, Director of CSIR-NEERI. Notably, ahead of the formal inauguration, a Shark Tank-style session enabled Start-ups to pitch their ideas to investors—an initiative aimed at bridging the gap between science and entrepreneurship. As India heads toward its centenary of independence in 2047, the CSIR Start-up Conclave serves as a timely platform to catalyse the role of science and innovation in shaping a truly developed and self-reliant nation. *** NKR/PSM (Release ID: 2129958)