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How many unicorns has the IIT ecosystem produced, according to the Defence Minister?

  1. A.36
  2. B.46
  3. C.56
  4. D.66

Correct answer

C. 56

Explanation

The correct answer is 56. While describing how the institutes have grown into engines of innovation and enterprise, the Defence Minister said the IIT ecosystem has supported over 6,000 start-ups, produced 56 unicorns and generated nearly 5,000 patents. He used these numbers to argue that the IITs are no longer only places that impart knowledge, and that institutions such as IIT Kanpur help expand scientific capability and create solutions of social value. Options A, B and D are wrong because they do not match the figure cited; the three numbers to remember together are the start-ups, the unicorns and the patents. The minister also referred to the government approving a Research, Development and Innovation Scheme worth Rs 1 lakh crore to draw private investment into research, and to a policy change under which deep-tech start-ups supported by the Council of Scientific and Industrial Research no longer need to have existed for three years.

Read the full article: IIT Kanpur Launches $1 Billion 'Greater Than Us' Campaign