16 January 2023 Additionally, on January 16, 2023, DPIIT will hold a ceremony to honor the winners of the National Startup Awards.
A flagship Startup India initiative, in honor of National Startup Day.
The Startup India Initiative is a Department for Industrial Policy and Promotion (DPIIT) initiative that went live on January 16, 2016. It strives to support entrepreneurs, establish a robust startup ecosystem, and make India a nation of job creators rather than job seekers.
Simplification and Handholding are the main pillars of the Startup India Initiative. These pillars include easier compliance, a simpler exit procedure for unsuccessful startups, legal support, fast tracking of patent applications, and a website to reduce information asymmetry.
Funding and incentives include income and capital gains tax exemptions for startups that qualify; a credit guarantee program and a fund to add more capital to the startup ecosystem.
Various incubators and innovation labs, competitions, grants, and partnerships between industry and academia are examples of incubators and partnerships.
The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, is organizing Startup India Innovation Week from January 10 to January 16, 2023, to celebrate the Indian startup ecosystem and National Startup Day (16 January 2023). Startup-related events will be held in over 75 locations across the country. National Startup Awards 2022 winners will be honored on National Startup Day.
Knowledge Sharing Sessions for entrepreneurs, aspiring entrepreneurs, and other enablers will be part of Startup India Innovation Week 2023. These sessions will involve relevant stakeholders from the startup ecosystem, such as government officials, incubators, corporations, and investors.
In addition, as part of the Azadi Ka Amrit Mahotsav celebrations, numerous startup-related events are being held in more than 75 locations across the nation to encourage entrepreneurship and innovation by involving the nation's startup community. These events include, among others, workshops specifically designed for women entrepreneurs, incubator training, mentorship workshops, stakeholder round tables, conferences, workshops for building capacity, and startup pitching sessions.
Additionally, DPIIT will host a celebration of the winners of the National Startup Awards 2022, a flagship Startup India initiative, on January 16, 2023, to mark National Startup Day. Startups and ecosystem enablers from a variety of sectors, sub-sectors, and categories will be honored and rewarded at the ceremony for their exceptional performance.
Startup India Innovation Week 2023 aims to encourage entrepreneurship and innovation in India by involving stakeholders in the startup ecosystem across the nation from January 10 to January 16, 2023.
Visit https://www.startupindia.gov.in/ for more information about National Start-up Day: PM Modi describes start-ups as the new India's backbone. As part of Azadi ka Amrit Mahotsav, Prime Minister Narendra Modi met with over 150 startups on Saturday. He said that January 16 would be "National Start-up Day."
What makes the 16th of January unique in India?
Web Desk from India Today: Prime Minister Narendra Modi made the announcement on Saturday that January 16 would now be celebrated as National Startup Day. The announcement was made so that the startup culture could better spread throughout India.
Why is January 16 designated as Start-Up Day nationwide?
The Department for Promotion of Industry and Internal Trade (DPIIT) has awarded recognition to more than 61,669 startups over the course of time. Since tomorrow marks the sixth anniversary of the action plan's release, January 16 has been designated as National Startup Day.
Why in the News: The second edition of the National Startup Awards 2021 was recently presented by the Union Minister of Commerce and Industry.
In addition, it was announced that January 16 will be celebrated as National Start-up Day to spread the startup culture throughout the nation, as the Startup India Initiative was launched on this date in 2016.
Additionally, the "Digilocker enabled DPIIT Startup recognition certificate" and "Blockchain-enabled verification for Department for Promotion of Industry and Internal Trade (DPIIT) tax incentive certificates" were launched.
The Startup India Initiative aims to establish a thriving startup ecosystem in the country in order to foster innovation and provide opportunities for aspiring entrepreneurs. In 2016, it was launched.
The following three areas are the focus of this initiative's action plan:
Handholding and simplifying
Support and incentives for funding
Partnership and incubation between industry and academia.
Important Points Created by:
Ministry of Commerce and Industry's Department for Promotion of Industry and Internal Trade (DPIIT).
to honor and reward outstanding startups and ecosystem enablers that are developing novel solutions or products as well as scalable businesses with a high potential for the creation of jobs or wealth and a measurable impact on society.
Awards in 2021:
Applications were invited for the second round of the awards from 49 subsectors and 15 sectors.
In addition, exceptional startups that were recognized in the 2021 edition of the awards provided innovative solutions to promote Indic languages and supplement national efforts to combat the Covid-19 pandemic.
Six broad criteria—innovation, scalability, economic impact, social impact, environmental impact, and inclusiveness and diversity—were used to evaluate each applicant.
The founders of the winning startup will receive Rs in cash. 5 lakh and the chance to present their solutions to relevant businesses and public authorities. Accelerators and incubators will receive Rs. 15 lakh was chosen as the prize.
The award was given to 46 startups, one incubator, and one accelerator.
The Situation of Indian Startups About:
With over 15,000 new businesses established in 2020, India will be the third largest ecosystem for start-ups in the world, up from 5000 in 2010.
Smartphone and internet penetration, cloud computing, application programming interfaces (APIs), and a functioning national payments stack are the fundamental enablers of this startup ecosystem.
In addition, during the Covid-19 pandemic, India saw an increase in the number of unicorn startups—startups with a valuation of more than $1 billion—in just 2021 compared to 2011-20.
Building and scaling an Indian startup, diversity and the digital divide, and the complex regulatory environment are just a few of the obstacles standing in the way of realizing the full potential of Indian startups.
Other Projects That Are Related:
State Support for Startup Ecosystems in Order: It is a new evaluation tool designed to help states and territories build their startup ecosystems holistically.
Startup Forum at SCO: In order to collectively develop and enhance startup ecosystems, the first-ever Shanghai Cooperation Organization (SCO) Startup Forum was launched in October 2020.
Prarambh: The goal of the "Prarambh" Summit is to give young entrepreneurs and startups from all over the world a place to come up with new ideas, innovations, and inventions.
Startup India Program for Seed Money: Its objective is to provide startup companies with financial support for proof-of-concept, prototype, product trial, market entry, and commercialization.
The Biggest Obstacle for Fisheries Startups: The Fisheries Startup Grand Challenge was launched by the Ministry of Commerce and Industry of India in partnership with Startup India and the Department of Fisheries, the Ministry of Fisheries, Animal Husbandry, and Dairy.