Union Minister of State for Science and Technology (Independent Charge), Dr. Jitendra Singh, today said that India has the third-largest start-up ecosystem in the world, with over 100 unicorns that stand as a testament to the nation’s entrepreneurial spirit. He was speaking at the inauguration ceremony of the Council of Scientific and Industrial Research’s Innovation Complex—CSIR-IC—in Mumbai.

Stating that CSIR-IC is a state-of-the-art innovation-cum-incubation facility with high-end scientific infrastructure and expertise, Dr. Singh said the facility has been designed to meet the critical needs of start-ups and MSMEs. The event facilitated 50 technology transfers from CSIR institutes to start-ups, MSMEs, and other institutions.