India, May 10 -- As India moves up steadily towards a $5 trillion economy and aims at $1 trillion digital economy, critical sector focus on electronics, semiconductors, defence and aerospace by the government has been the key with periodic, enabling policies. Is this the only key which will unlock the doors to innovation, incubation of disruptive technologies and kickstart the startup ecosystem to an unprecedented scale? The answer lies in two important aspects with industry taking ownership of projects of nascent technologies with future national importance and energising investment in these segments.

Technology and money have a relationship which is co-evolutionary and reciprocal. Focused and timely funding can support innovative ideas...