The government has initiated the 'start-up India, stand up India' campaign to promote financing for start-ups and offer incentives to boost entrepreneurship and job creation, he said.
"The success of this initiative will depend on how innovatively we can use the technology as well as human resources available in our country.
"I call upon you, the young technologists, that instead of looking for job opportunities, you may aim to become entrepreneurs, who create job opportunities for people," Mukherjee said at the 13th Convocation of Visvesvaraya National Institute of Technology here.
Mukherjee also expressed happiness over inclusion of two Indian institutes in the ranking of the world's top 200 educational institutes.
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"As a result of several pro-active steps taken in the last three years, the ranking scene is beginning to change," he said.
Indian Institute of Science, Bangalore is ranked at no 147 and Indian Institute of Technology, Delhi is ranked at no 179. Apart from this, IIT-Bombay is ranked at no 202, he said.
"Indian institutions have done remarkably well and I would like to take this opportunity to congratulate the faculty members and staff of these institutions," he said.
Mukherjee said a high-rank can boost the morale of the academic community and open greater avenues of growth and placement for students.