Minister urges for more start-up funding

Babul Supriyo, minister for IT and electronics, advocated that in order to receive funding, start-ups need to inspire the private sector to get funds. The government can support them with policies and infrastructure.

Mr Supriyo, while addressing a special session on Runway to Start-ups, also advocated that it was important for the private sector to shirk ranks. Angel investors and venture capitalists to continue their support to fund start-ups should be ready to take risks for the benefit of the country.

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The IT minister said he does not think that only funding won’t do but require the much-needed impetus with their innovative ideas.