With reference to GENESIS EIR 3.0, recently seen in the news, consider the following statements: 1. It is a component of the GENESIS scheme, aimed at discovering, supporting and accelerating startups, particularly in Tier-II and Tier-III cities. 2. It is being implemented by MeitY Startup Hub. 3. Under GENESIS EIR 3.0, eligible innovators can receive financial assistance of up to ₹10 lakh along with incubation and mentorship support. How many of the above statements are correct? |ForumIAS

Q. With reference to GENESIS EIR 3.0, recently seen in the news, consider the following statements:
1.It is a component of the GENESIS scheme, aimed at discovering, supporting and accelerating startups, particularly in Tier-II and Tier-III cities.
2.It is being implemented by MeitY Startup Hub.
3.Under GENESIS EIR 3.0, eligible innovators can receive financial assistance of up to ₹10 lakh along with incubation and mentorship support.
How many of the above statements are correct?

[A] Only one

[B] Only two

[C] All three

[D] None

Answer: C

Notes:

Explanation: All

Statement 1 is correct: GENESIS EIR 3.0 was launched at the GENESIS NextGen Startup Summit. It is a component of the GENESIS (Gen-Next Support for Innovative Startups) scheme, aimed at discovering, supporting and accelerating startups, particularly in Tier-II and Tier-III cities.

Statement 2 is correct: It is being implemented by MeitY Startup Hub.

Statement 3 is correct: The EIR component provides funding of up to ₹10 lakh per startup, along with incubation and mentorship support. Its technology focus includes AI/ML, IoT, Semiconductor/VLSI, cybersecurity, blockchain, quantum technologies and AR/VR.

Source: PIB

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS