VISION Initiative for Student Innovation Launched

November 23, 2024

The “Viksit Bharat Initiative for Student Innovation and Outreach Network” (VISION) was recently launched by Union Minister Dr. Jitendra Singh. This initiative aims to empower underprivileged children through education, skills, and innovation, seeks to provide equal opportunities for youth across India and encourage startup skills.

Growth of India’s Startup Ecosystem

India’s startup ecosystem has seen remarkable growth. From 350–400 startups in 2014, the number has surged to over 1.67 lakh. This makes India the third-largest startup ecosystem globally. The growth is attributed to supportive policies under Prime Minister Narendra Modi’s leadership.

Success Stories Beyond IT

Innovative startups have emerged in various sectors. For instance, lavender farming in Jammu and Kashmir has created jobs and driven innovation. This illustrates that startups can thrive in agriculture, space, and biotechnology, not just in IT.

Biotechnology as an Industrial Revolution

Biotechnology is poised to shape India’s future. The new Bio-E3 policy aims to utilise biotechnology for economic growth, job creation, and environmental protection. Biotech startups have increased from 50 in 2014 to nearly 9,000 , with breakthroughs in DNA vaccines and research.

Bridging Urban-Rural Divide with Technology

Technology plays important role in bridging gaps between urban and rural areas. Students in remote regions have excelled in competitive exams using smartphones, despite limited resources. Initiatives like VISION aim to inspire similar success stories.

Importance of Public-Private Partnerships

Partnerships between public and private sectors are vital for sustainable startup growth. Early connections with industries can facilitate this development. An example includes India’s first private rocket manufacturing startup, which has established a unit in Hyderabad.

The National Education Policy (NEP) 2020 has introduced flexibility for students. It allows them to combine subjects and pursue unconventional career paths. This freedom encourages creativity and innovation among young people.

Vision India 2047

Dr. Singh expressed optimism about India’s future as a leader in innovation. Initiatives like VISION are crucial for achieving the goals of Vision India 2047. This vision aims to position India at the forefront of technology, education, and economic growth.

Important Facts for Exams:
VISION – The Viksit Bharat Initiative for Student Innovation and Outreach Network aims to empower underprivileged children through education and innovation. It promotes equal opportunities for youth across India.
Bio-E3 Policy: India’s Bio-E3 policy focuses on utilising biotechnology for economic growth and environmental protection. It aims to create jobs and enhance research, denoting biotechnology’s potential as an industrial revolution.
NEP 2020 – The National Education Policy 2020 introduces flexibility in education. Students can combine subjects and explore unconventional career paths, encouraging creativity and innovation among young learners.

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