Nirmala Sitharaman talks to young innovators. (File image. Photo source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

While speaking at IIT Dharwad after inaugurating the 'dhaRti BioNEST' Incubation Centre, Finance Minister Nirmala Sitharaman urged young innovators to focus on cultivating ideas instead of thinking about profitability.

"It is not an innovator's business to become profitable. He keeps producing innovative, transformative solutions that will benefit society", she said.

Further, Sitharaman emphasised that innovators should not worry about non-core business concerns, including regulatory compliance or immediate profitability.

"Young innovators, your core business is to keep innovating. Profitability comes only when you reach the stage of comm

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