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What is the News?
Department for Promotion of Industry and Internal Trade (DPIIT) is organizing the first-ever Startup India Innovation Week.
| Read more: “Startup India Seed Fund Scheme” launched |
What is Startup India Innovation Week?
Aim: To commemorate the 75th year of India’s independence ‘Azadi Ka Amrit Mahotsav’ and to showcase the spread and depth of entrepreneurship across India.
Objectives: a) Bring together key startups, entrepreneurs on one platform to discuss best practices b) Encourage and Inspire Youth for Entrepreneurship c) Provide market access opportunities to startups and d) Mobilize capital for investment into startups.
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Themes: The event is being organized on various themes such as Academia & Mentorship Support to Startups, Incubation and Acceleration Support to Startups, Market Access through Corporates & Government to Startups and Funding & International Avenues to Go Global.
| Read more: How Indian startups are powering the metaverse |
About India’s Startup Ecosystem
India is the world’s third-largest startup ecosystem. It has recognised more than 61,000 startups as of date.
These startups are spread over 633 districts, with at least one startup from every State and UT of the country. 45% of the startups in India are from Tier-2 and Tier-3 cities, and 45% of them are represented by women entrepreneurs.
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Source: This post is based on the article “Centre to organize the FIRST EVER Startup India Innovation Week from 10th -16th of January 2022” published in the PIB on 9th January 2022
