Indian startups are all set to benefit from the first-of-its-kind Mega "Innovation Complex" in Mumbai made by the Council of Scientific and Industrial Research (CSIR), a research and development organization in India to promote scientific, industrial, and economic growth, and unveiled by the Union Minister of Science and Technology Dr . Jitendra Singh. He is reported to have dedicated the complex to startups and industry stakeholders on 17 January 205 in his inaugural address.  The Innovation Complex, spanning over 9 floors, has around 24 “ready-to-move” incubation labs in addition to furnished offices and networking spaces for innovative StartUps, MSMEs, industry, and CSIR labs. 

The mega facility has been built to provide high-end scientific infrastructure, expertise, and regulatory support to stakeholders, including CSIR labs, Start-Ups, MSMEs, and industry, for the SOP-driven studies necessary for regulatory submissions and compliance. Innovative start-ups, companies partnering with CSIR labs, MSMEs, deep-tech companies from India and abroad, public-funded research institutions, and CSIR labs can avail themselves of the benefits offered.

Startups to Recieve Research Collaboration

As the minister stated in his inaugural address, the state-of-the-art facility has been designed to offer incubation and business spaces, fostering collaboration between start-ups, MSMEs, and industry stakeholders and CSIR’s extensive network of researchers and innovators. This facility acts as a vital link between advanced scientific research and its practical applications, addressing real-world challenges and supporting the vision of Atmanirbhar Bharat.

Read the report about Startup India completing 9 Years at: Startup India at 9: Can You Guess the Percentage of Indian Startups with Women Directors?

Startup Sectors to be Served

Addressing the industry and startups, the minister announces that the complex will serve as an innovation and incubation hub, fostering support, collaboration, and partnerships across key industrial sectors, including healthcare (pharma, biopharma, MedTech), chemicals, materials, energy, and other areas aligned with CSIR labs' focus.

Startup Ecosystem in India

According to data from DPIIT, India boasts a total of 1.4 lakh registered startups, with a new unicorn emerging every 20 days. As of 2022, India holds the position of the third-largest startup ecosystem globally and ranks second in the number of unicorns, having surpassed China in 2020. This milestone is highlighted in a report by the Lee Kuan Yew School of Public Policy at the National University of Singapore.

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Top startups as ranked by LinkedIn include Zepto, Sprinto, Lucidity, Growth X, and Jar, to count a few.