'City’s entrepreneurial pool needs global exposure'

Published: 07th July 2013 08:29 AM  |   Last Updated: 07th July 2013 08:29 AM   |  A+A-


Minister for Higher Education and Tourism R V Deshpande on Saturday said that Karnataka must become the knowledge and health capital of the country.

At the inauguration of ‘Unified Appraisal Process (UAP) Scale-Up’ organised by the eHealth Technology Business Incubator, Deshpande, said, “The city has an enviable entrepreneurial pool and there is a need to expose these talents globally. However, there is huge gap in commercialising the innovations. The youth are a national asset and India has a bright future with the large number of youngsters.”

“The rich human resources lack skills and there are plenty of jobs for youth. Central regulatory bodies like All India Council for Technical Education (AICTE) and National Skills Development Corporation should equip students with the required skills,” he said.

Rama Subramaniam, Director, eHealth Technology Business Incubator, said, “UAP is the first of the series of initiatives of the Seedsurge programme that has worked to evolve an entrepreneurial enablement ecosystem. The process aims at eliminating multiple appraisals and shorten funding cycle time to encourage research and innovation.”

UAP is an initiative that attempts to create a singular process for grant funding, equity and debt funding for innovative projects and has been launched in partnership with the Department of Science and Technology and Technology Development Board.


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