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Source: The post is based on the article “LEAP AHEAD initiative: Launched by STPI for startups to get access to investment, mentorship & global connect” published in “PIB” on 7th November 2023
Why in the News?
The Ministry of Electronics & Information Technology (MeitY) Secretary has launched the LEAP AHEAD initiative.
What is the LEAP AHEAD Initiative?
| Aspects | Details |
| Launched by | Software Technology Parks of India (STPI) and The Indus Entrepreneurs (TiE) Delhi-NCR |
| Aim | To support tech startups by offering them access to funding, mentorship and global connections. |
| Full Form | Launchpad for Tech Entrepreneurs towards Accelerated Growth and Pioneering AHEAD (LEAP AHEAD) |
| Benefits for Startups | 1.Intensive Three-Month Mentorship Program 2.One-on-One Mentorship with investors and industry experts. 3.Funding Potential of upto ₹1 crore 4.Access to networks and exposure in the global market. 5.One year of free associate membership with TiE Delhi-NCR |
| Eligibility | Startups involved in software product development, registered with DPIIT under the Startup India program and have demonstrated revenue generation and external investment. |
What are Software Technology Parks of India(STPI)?
| Specifications | Details |
| What is it | Autonomous Society under the Ministry of Electronics and Information Technology (MeitY). |
| Established in | 1991 |
| Aim | To encourage, promote and boost the Software Exports from India. |
| Chaired by | Union Minister for Electronics & Information Technology. |
| Headquarters | New Delhi |
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