Startups in the education and health sectors could transform India: President Kobind

Key Highlights:

  • Startups in the education and health sectors could transform India: President Ram Nath Kovind.
  • The President noted that startups and mobile platforms offer a wide range of services, such as delivering food to picking up odd things.
  • He addressed students: “You will be the ambassadors for Indian culture and wisdom abroad, and your performance will set the standard for the entire nation,”

Creating jobs and generating revenue for India can be achieved through the entry of unicorns and startups into sectors such as health and education, said Ram Nath Kovind.

On the occasion of the inauguration of the permanent campus of the Indian Institute of Management (IIM), Nagpur (Maharashtra), he stressed the importance of an educational institute in honing students’ inner capabilities and sometimes even undiscovered talent.

According to the president, the curriculum allows us to reflect on our purpose and aspirations and, as a consequence, fulfil our dreams.

Having established an ecosystem and infrastructure at IIM Nagpur in 2015, he believes that students there will work on creating jobs, rather than seeking employment.

The present era is appreciated and encouraged by innovation and entrepreneurship. Startups as well as unicorns have shaped new history in the country. Increasingly, new businesses are being established in the health and education sectors, he said.

Several startups operating in the education sector include the Bengaluru-based tech behemoth BYJU’S, the Mumbai-based unicorn upGrad, Vedantu that recently laid off both permanent and contractual employees, Unacademy will soon open offline centres and the Delhi-based B2B ed-tech Classplus that raised $70 million in a Series D round in March 2022, among others.

In addition to wellness unicorn Curefit (based in Mumbai), pharmacy platform PharmEasy (based in Bengaluru) and Bengaluru-based telemedicine startup Practo are among the startups in health tech.

The President noted that startups and mobile platforms offer a wide range of services, such as delivering food to picking up odd things. During his speech to the students, Kovind said that they live in an interconnected world and will soon have the opportunity to travel the world as professionals.” However, we must never lose sight of the spirit and ethics of our country as we pursue this goal”.

“You will be the ambassadors for Indian culture and wisdom abroad, and your performance will set the standard for the entire nation,” he said. Additionally, he praised IIM Nagpur’s Foundation for Entrepreneurship Development for enabling six women entrepreneurs to graduate and launch businesses.

Among those present at the inauguration of the campus were Union Education Minister Dharmendra Pradhan, and Union Road Transport and Highways Minister Nitin Gadkari.

In the speech, the education minister told the MBA students that developing economies of the world respect India. He advised the students to adopt backward villages and educate and guide them.
During his remarks, Gadkari described the institute as a world-class and state-of-the-art institute. He also reiterated his dream of making Nagpur a hub for education, medical services, logistics, and information technology.

As part of Startup India, Maharashtra is one of the states where most entrepreneurs reside, according to the Department for Promotion of Industry and Internal Trade (DPIIT).In addition to these states, Karnataka, Delhi, Uttar Pradesh, and Gujarat also belong to this group.

State officials in Maharashtra invited startups to showcase their innovative solutions a few days ago.

Under the Department of Skills, Employment, Entrepreneurship and Innovation, the Maharashtra State Innovation Society (MSInS) is organizing the fifth edition of “Maharashtra startup week”. That will be held between August 1- 5, 2022.

As part of this program, startups will have a chance to showcase their innovative solutions to the state government of Maharashtra. Those 100 startups shortlisted will present their ideas to a sector-specific panel of ministers, high-ranking government officials, private investors, and academics.

MSInS will award the work orders worth up to INR 15 Lakh to 24 winning startups across all industries to pilot their solutions within the state with a relevant government department.
During the 12-month period, startups will benefit from access to government machinery and mentoring from their institutional partners. In addition to cloud credits, participating startups will also be able to connect with ecosystem players such as mentors and investors.

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