To give wings to those thoughts, HRD Minister Smriti Irani is all set to establish Innovation Labs in every district. The whole idea of this, is to encourage new ideas and innovative plans of the students. It will enable them to put those ideas in practice. They can do research on those ideas and innovation through these labs and mould them into reality. These ideas can really do wonders, if turned into good business models.
As per Irani, “these labs will be linked to the proposed council of higher education on industry academia collaboration so that those innovations which have potential to turn into great business do not die”. These ideas will be funded by the government under an ambitious scheme to encourage research both school and university level.
The innovation labs would be set under “Rashtriya Avishkar Abhyaan” and would be initiated by the starting months of the next year. Funding will be given by government to support the delicate and new ideas of youths, which has potential to grow into a bigger business. There is a huge untapped potential in the youth of the country and that needs to get channelized properly to create a better tomorrow.