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Jayant Sinha calls for investing in Indian start-ups to encourage innovation

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NewsGram Staff Writer

Panaji: Minister of State for Finance Jayant Sinha, stressing on the need to encourage a culture of innovation in the country, urged India  Inc. to make investments in the country’s start-ups to address the nation’s problems.

“In order to encourage innovation in India, we need to invest in Indian start-ups that address Indian problems. As a market, we have tremendous opportunities in India, and the same innovations are finding markets in other economies too,” he said at the inaugural edition of the Global Business Forum(GBF) , an initiative of Indian Institute of Technology-Bombay alumni association, held near Panaji.

Sinha also said that places like Powai, in Mumbai, where the IIT-B is located and Bengaluru; upcoming townships like Gurgaon should be developed as innovation hubs for India.

“The way we see it, these factors place our future in our own hands and I can see how Powai – home to IIT Bombay, and Gurgaon and Bengaluru can be the innovation hubs for the 6 billion people that inhabit the developing world,” he said.

The GBF is aimed at creating impactful technological innovations in products and services through focused dialogue based on national priorities like education, skill, infrastructure, healthcare, smart cities, energy, Information Communication technology, environment (Water) and the Make in India campaign.

(With inputs from IANS)

 

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Now Create Energy Even While You’re Walking

The researchers are working on adding a magnetic component to the current mechanical harvester to scavenge energy over a larger portion of the day.

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A wearable energy-harvesting device could generate energy from the swing of an arm while walking or jogging, say researchers.

The device, about the size of a wristwatch, produces enough power to run a personal health monitoring system, reported the team from Pennsylvania State University and the University of Utah.

“The devices we make using our optimised materials run somewhere between 5 and 50 times better than anything else that’s been reported,” said Susan Trolier-McKinstry, the Steward S. Flaschen Professor of Materials Science and Engineering and Electrical Engineering from Penn State.

Energy-harvesting devices are in high demand to power the millions of devices that make up the Internet of Things (IoT).

 

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By providing continuous power to a rechargeable battery or supercapacitor, energy harvesters can reduce the labour cost of changing out batteries when they fail and keep dead batteries out of landfills.

Also Read: Facial Recognition Technology Catches A Person With Fake Passport At The US Airport

According to the researchers, they can double the power output using the cold sintering process – a low-temperature synthesis technology developed at Penn State.

In addition, the researchers are working on adding a magnetic component to the current mechanical harvester to scavenge energy over a larger portion of the day when there is no physical activity, said the study published in the journal Advanced Functional Materials. (IANS)

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