{"id":200003,"date":"2022-08-13T18:24:53","date_gmt":"2022-08-13T12:54:53","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=200003"},"modified":"2022-08-13T18:24:53","modified_gmt":"2022-08-13T12:54:53","slug":"india-ranks-globally-3rd-in-start-up-ecosystem-and-also-in-terms-of-number-of-unicorns-union-minister","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/india-ranks-globally-3rd-in-start-up-ecosystem-and-also-in-terms-of-number-of-unicorns-union-minister\/","title":{"rendered":"India ranks globally 3rd in Start-Up ecosystem and also in terms of number of Unicorns: Union Minister"},"content":{"rendered":"\n

Source: <\/b>The post is based on the article <\/span>\u201c<\/b>India ranks globally 3rd in Start-Up ecosystem and also in terms of number of Unicorns: Union Minister<\/b>\u201d <\/b>published in <\/span>PIB <\/b>on 12th August 2022.<\/b><\/p>\n

What is the News?<\/b><\/h5>\n

The Union Minister of Science and Technology has informed about the Startup and <\/span>Research & Development(R&D) <\/span>Ecosystem in the country.<\/span><\/p>\n

About the Startup and Research & Development(R&D) Ecosystem in India<\/h5>\n

Startup Ecosystem in the Country: <\/b>India ranks 3rd globally in Start-Up ecosystem and also in terms of number of Unicorns.<\/span><\/p>\n

\u2013 As per the latest data, there are currently 105 unicorns, out of which 44 were born in 2021 and 19 in 2022.<\/span><\/p>\n

\u2013 Note:<\/b> Unicorns are privately held, venture-capital-backed startups that have reached a value of $1 billion.\u00a0<\/span><\/p>\n

\u2013 <\/span>India\u2019s startups are not limited to only metros or big cities as around 49% of the start-ups are from tier-2 and tier-3 cities.<\/span><\/p>\n

\u2013 Scheme:<\/b> National Initiative for Developing and Harnessing Innovations(NIDHI) is an umbrella program of the Department<\/span> of Science and Technology <\/span>for nurturing ideas and innovations (knowledge-based and technology-driven) into successful startups.<\/span><\/p>\n

Research and Development(R&D):<\/b> India has increased the Gross Expenditure on R&D (GERD) more than three times in the last few years. Currently, India has over 5 lakh R&D personnel, a number that has shown a 40-50% increase in the last 8 years.<\/span><\/p>\n

\u2013 Moreover, women’s participation in R&D has also doubled in the last few years and now India occupies 3rd rank in terms of number of PhDs awarded in Science and Engineering (S&E) after the USA and China.\u00a0<\/span><\/p>\n

India\u2019s ranking in Global Innovation Index(GII): <\/b>India has created a massive jump in its global ranking of<\/span> Global Innovation Index(GII) <\/span><\/a>from 81<\/span>st<\/span> in the year 2015 to 46<\/span>th<\/span> in 2021 among 130 economies of the world.\u00a0<\/span><\/p>\n

Science, Technology and Innovation(STI):<\/b> India in recent 7-8 years has made unprecedented progress in STI areas.<\/span><\/p>\n

\u2013 For instance, there has been a significant rise in the country’s overall performance in terms of a number of publications (globally ranked 3<\/span>rd<\/span> now from 6<\/span>th<\/span> in 2013 based on National Science Foundation database), patents (globally ranked 9th in terms of resident patent filing) and quality of research publications (globally ranked 9<\/span>th<\/span> now from 13<\/span>th<\/span> in 2013) during the last 7 years.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Source: The post is based on the article \u201cIndia ranks globally 3rd in Start-Up ecosystem and also in terms of number of Unicorns: Union Minister\u201d published in PIB on 12th August 2022. What is the News? The Union Minister of Science and Technology has informed about the Startup and Research & Development(R&D) Ecosystem in the… Continue reading India ranks globally 3rd in Start-Up ecosystem and also in terms of number of Unicorns: Union Minister<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[3590],"class_list":["post-200003","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-pib","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1700109179},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/200003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=200003"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/200003\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=200003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=200003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=200003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}