Union Minister says Government has launched number of programs to aid Start-ups in technology sectors

What is the News?

The Union Minister of Science & Technology has said that the Government has launched a number of programs to aid Startups in technology sectors.

What are the programmes launched to aid Startups in technology sectors?

National Initiative for Developing and Harnessing Innovations(NIDHI)

Launched by: Department of Science & Technology in 2016-17.

Aim: To convert knowledge-based and technology-driven innovative ideas into successful start-ups.

Common Research and Technology Development Hubs (CRTDHs)

Setup by: Council of Scientific and Industrial Research(CSIR).

Aim: To promote industrial R&D innovation, dedicated for MSMEs, start-ups and individual innovators. 

Industry Relevant R & D(IRRD) Scheme 

Launched by: Science and Engineering Research Board(SERB).

Objective: To utilize the expertise available in academic institutions and national laboratories to solve industry-specific problems for the larger benefit of society. 

PRAYAS (Promoting and Accelerating Young and Aspiring Innovators and Startups) program

National Mission on Interdisciplinary Cyber-Physical Systems(NM-ICPS)

Technology Development Board(TDB) 

 Startup India Seed Fund Scheme(SISFS)

BioNESTscheme (Bio incubators Nurturing Entrepreneurship for Scaling Technologies): It was launched by Biotechnology Industry Research Assistance Council (BIRAC) to foster the biotech innovation ecosystem in the country. 

Atal New India Challenge(ANIC) program

 Innovations for Defence Excellence(iDEX) 

Technology Incubation and Development of Entrepreneurs(TIDE 2.0) Scheme

Next Generation Incubation Scheme(NGIS) 

Source: This post is based on the article “Union Minister says Government has launched a number of programs to aid Start-ups in technology sectors” published in PIB on 6th April 2022.