Strive to create dynamic entrepreneurial eco-system: President

Underlining that innovation-led entrepreneurship has significant potential to stimulate industrial growth, President Pranab Mukherjee on Tuesday said the country should strive to achieve the asset of a dynamic and robust entrepreneurial eco-system.

Addressing the concluding session of Pitch@RB held in Rashtrapati Bhavan as part of the week-long Festival of Innovations, he said both public and private sector have to play a catalytic role in developing such an eco-system.

"To achieve centre-stage in innovation, we need to work relentlessly in aspects such as creation of a favourable business atmosphere; improving the quality of education and skills training; and expanding the IT infrastructure including high speed internet connectivity," Mukherjee said.

He said that in key parameters such as ease of doing business and research and development, there is scope for much improvement.

Pitch@RB was organised by Rashtrapati Bhavan in partnership with Confederation of Indian Industry (CII) to provide a platform for innovators and potential start-ups to sell their ideas to select members of angel investing and venture capital community for funding.

Twelve MoUs of value of Rs 84 crores were signed between venture capitals and start-ups in presence of the President during the event.

Mukherjee said it is pertinent that a focused strategy be adopted to support new, talented, curious and creative minds for pursuing innovative solutions to present-day challenges.

--IANS

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