Festival Of Innovation And Entrepreneurship

Why in news?

The Festival of Innovation and Entrepreneurship was recently inaugurated by President Ram Nath Kovind. It is being organised by Rashtrapati Bhavan in association with the Department of Science and Technology and the National Innovation Foundation-India.

FACTS FOR PRELIMS

It is a celebration of country’s Innovation potential, particularly those ideas which stem from grassroots level including the citizen at the last mile and also a reflection of power of children’s creativity. It is an initiative to recognise, respect, showcase, reward innovations and to foster a supportive ecosystem for innovators.

SIGNIFICANCE

FINE would provide an excellent platform to the innovators for building the linkages with potential stakeholders whose support can improve their prospects in coming years for the larger social good.

It will also help in promoting lateral learning and linkages among the innovators to enrich the ecosystem for new India.

It would also be a great opportunity to create awareness about the importance of various Ministries of Government of India attaches to their effort and participation in the FINE.

SOURCE – PIB.