NEW DELHI: The full variety of recognised startups in India rose from 471 in 2016 to 72,993 as on thirtieth June 2022, helped by proactive authorities interventions, Minister of State for Commerce and Business Som Parkash stated on Friday.
Startups and your entire know-how ecosystem are the engines of progress for any nation. Recognising this facet, the Authorities launched Startup India initiative on sixteenth January 2016 with an purpose to construct a stronger ecosystem for nurturing India’s startup tradition that may additional drive our financial progress, help entrepreneurship, and allow large-scale employment alternatives, the minister stated in a written reply to a query within the Rajya Sabha.
The Division for Promotion of Business and Inside Commerce (DPIIT) has recognised startups that are unfold throughout 56 diversified sectors. Greater than 4,500 startups have been recognised in sectors regarding rising applied sciences reminiscent of Web of Issues (IoT), robotics, synthetic intelligence, analytics, and so on.
Division of Science and Expertise (DST) had launched an umbrella programme known as Nationwide Initiative for Creating and Harnessing Improvements (NIDHI) in yr 2016 for nurturing concepts and improvements (knowledge-based and technology-driven) into profitable startups.
Beneath NIDHI, totally different programmes vary from offering fellowships to the scholars choosing entrepreneurship by means of Entrepreneurs-In-Residence (EIR) programme, Selling and Accelerating Younger and Aspiring Innovators and Startups (PRAYAS) programme by offering monetary help for changing concepts into prototypes, availability of early-stage Seed help to incubated ventures, offering mentoring and funding readiness help by means of Accelerators, and creating Centres of Excellence (CoE) in incubation.
To advertise improvements in biotechnology sector, the Division of Biotechnology, by means of Biotechnology Business Analysis Help Council (BIRAC), helps and nurtures startups within the Biotechnology sector. The foremost schemes are BioNEST Scheme (Bio incubators Nurturing Entrepreneurship for Scaling Applied sciences) and Biotechnology Ignition Grant (BIG) schemes.
With the intention to promote innovation and agripreneurship by offering monetary help and nurturing the incubation ecosystem Division of Agriculture & Farmers Welfare beneath the Rashtriya Krishi Vikas Yojana- Remunerative Approaches for Agriculture and Allied Sector Rejuvenation (RKVY-RAFTAAR) scheme has launched “Innovation and Agri-entrepreneur improvement” programme, as a part.
Startups beneath the programme are taking over initiatives in numerous fields of agriculture and allied sectors like Agro-processing, Meals Expertise & Worth Addition, Synthetic Intelligence (AI), Web of Issues (IoT), Info & Communication Expertise (ICT), Block Chain Expertise (BCT), precision farming and Digital agriculture, and Block Chain know-how amongst others.
The Improvements for Defence Excellence (iDEX) was launched by the Division of Protection Manufacturing, Ministry of Protection, with the purpose to realize self-reliance and foster innovation and know-how improvement in Protection and Aerospace by partaking Industries, R&D institutes and academia and supply them grants to hold out R&D.
The startups obtain upto Rs 1.50 crore as grant for improvement of modern prototypes. Additionally they obtain huge help from iDEX’s accomplice Incubators at IITs, IIMs and different non-public incubators unfold everywhere in the nation.
Beneath the Atal Innovation Mission, the Authorities has arrange Atal Incubation Centres (AIC) to incubate startups in numerous sectors. It has additionally launched Atal New India Problem (ANIC) program to straight assist startups with technology-based improvements that remedy sectoral challenges of nationwide significance and societal relevance.
The Authorities has additionally operationalized 26 Centres of Excellence (CoEs) in numerous areas of nationwide curiosity for driving self-sufficiency and creating capabilities to seize new and rising know-how areas.
These domain-specific CoEs are being established pan India with the participation of the Central Authorities, Software program Expertise Parks of India (STPI), State Authorities(s), business partnership and enterprise capital corporations. These CoEs act as essential enablers to advertise innovation in rising applied sciences.