Mail News Service
Jamshedpur: The Steel City is preparing to host its most ambitious technology and startup showcase — the Jamshedpur Innovation Summit – Spaceship 2026 — on Sunday, January 18, at the Rajendra Vidyalaya Auditorium.
Jointly organised by B.A. College of Engineering & Technology (BACET) and the Institution’s Innovation Council (IIC) under the Ministry of Education, Government of India, the summit aims to bring young innovators, academicians, and industry leaders onto a single platform to present cutting-edge AI-driven and deep-tech solutions.
Open to school students (Class VIII and above), diploma holders, engineering graduates, postgraduate scholars, faculty members, and technology enthusiasts, the summit will feature live demonstrations of working models and prototypes.
These will be evaluated by experts from NIT Jamshedpur and CSIR-National Metallurgical Laboratory (NML).
The Top 5 teams will receive cash prizes along with mentorship, incubation support, seed funding, and investor access to help transform their ideas into market-ready startups.
At a press conference held at Rajendra Vidyalaya, Dr. S.K. Singh, Chairman of BACET and Chief Patron of the summit, said, “This is a platform where school students can stand shoulder-to-shoulder with engineering graduates and entrepreneurs. We want every brilliant idea born in Jamshedpur to find wings.”
Adding global exposure to the event, five internationally renowned entrepreneurs originally from Jamshedpur will mentor participants: Abhishek Kumar, Ranjan Kumar, Vatsala Upadhyay, Sudhakar Kandanala, and Abhijeet Kumar.
Their sessions will focus on emerging technologies, global startup ecosystems, and innovation strategies.
Bringing a governance and policy perspective, five UPSC-qualified officers — each with past entrepreneurial experience — will interact with participants on government schemes, innovation policies, and pathways for tech entrepreneurship.
The lineup includes Prabhat Kumar (IPS), Anya Das (IAS), Kumar Shivashish (IPS), Sumit Kumar Thakur (IAS), and Kanishk (IAS).
Singh emphasized that AI-driven innovation can play a transformative role in Jharkhand’s economic future. “AI will not replace humans — it will empower them. It will reshape jobs, not erase them,” he said, urging students to adopt a job-creating rather than job-seeking mindset.
The summit offers two participation modes: Idea Pitching ( Rs 500 per team of 1–4) and Audience/Observer Entry ( Rs 100 per person). Registrations close on December 20
Principals and dignitaries from leading schools — including Ishita Dey (Tarapore School Agrico), Anita Tiwari (Rajendra Vidyalaya), Khushboo Thakur (Rajendra Vidyalaya), and student coordinator Arshlan Manzar — attended the press meet and extended their support.
With global entrepreneurs, senior bureaucrats, academicians and angel investors converging in Jamshedpur, the summit is poised to spark a new wave of technological entrepreneurship in the region.
As Dr Singh concluded, “Today’s classroom ideas can become tomorrow’s unicorn startups. Jamshedpur is ready to lead the innovation journey.”
AI Market Set to Hit $3.6 Trillion by 2034
Jamshedpur, Dec 9 : The global artificial intelligence market is expanding at a staggering pace, valued at $638.23 billion in 2025 and projected to soar to $3,680.47 billion by 2034 at a CAGR of 19.20%.
Another industry estimate places the growth from $294.16 billion in 2025 to $1,771.62 billion by 2032 (CAGR 29.2%).
India is emerging as a major AI powerhouse. Nearly 47% of Indian enterprises already have multiple generative AI use cases running, while 23% are piloting new applications. The country’s AI workforce is expected to nearly double from 6.5 lakh to 12.7 lakh by 2027 (CAGR 25%).
The government’s ‘AI for All’ initiative will host an Impact Summit in February 2026, while Google’s new AI hub in Vizag signals growing international investment. India’s long-term vision under the ‘Viksit Bharat’ roadmap aims for global AI leadership by 2035.
Speaking virtually from the USA, entrepreneur Abhishek Kumar said, “AI will transform healthcare with personalized treatments, education through virtual tutors, and transportation via autonomous systems over the next decade.”
Innovation Summit–Spaceship 2026 Program Head Alka Singh added, “AI isn’t a job destroyer. It will create nearly 170 million new roles globally—a net gain of around 78 million. In India alone, GCCs are expected to generate 1.3 million AI-related jobs by 2030. Reskilling will be crucial, as nearly 300 million workers may face disruption worldwide.”
