New Delhi: With an aim of increasing operational efficiency and safety, Indian Railways has embraced startups & innovators. Through its https://innovation.indianrailways.gov.in/. portal, railways has invited proposals from innovators. Started in 2022, till now 23 projects have been awarded with an investment of Rs. 43.87 Cr.
Titled, ‘Startups for Railways,’ this initiative’s objective is to leverage innovative technologies developed by Indian Startups/MSMEs/Innovators/Entrepreneurs to improve operational efficiency and safety on Indian Railways. The Ministry of Railways aims to address quality, reliability and maintainability-related issues of the Indian Railways. Under the policy, the Startup/MSME/Innovator/Entrepreneur will have exclusive ownership of Intellectual Property Rights (IPR) created in the project.
According to an official release, following is the details of projects are:
Total entities registered on Innovation Portal-1251
- Startups- 248
- Individual Innovators- 671
- MSMEs-142
- R&D organizations/Institutes-58
- Proprietorship/Partnership firms/Company/ LLP/JV/Consortium-47
- NGOs-19
- Others
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