Rapid Fire
Startups for Railways
- 12 Jan 2024
- 1 min read
Recently, Indian Railways has taken an important initiative in the field of innovation through participation of start-ups and other entities.
- “Startups for Railways" initiative was launched by the Ministry of Railways and Indian Railways Innovation Portal is a part of this initiative.
- Its 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.
Read more: Indian Railway Innovation Policy
