{"id":237325,"date":"2023-04-11T19:11:07","date_gmt":"2023-04-11T13:41:07","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=237325"},"modified":"2023-04-17T17:28:12","modified_gmt":"2023-04-17T11:58:12","slug":"draft-sagarmala-innovation-and-start-up-policy-issued-for-stakeholder-consultation","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/draft-sagarmala-innovation-and-start-up-policy-issued-for-stakeholder-consultation\/","title":{"rendered":"Draft \u2018Sagarmala Innovation and Start-up Policy\u2019 issued for Stakeholder Consultation"},"content":{"rendered":"\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the article \u201c<\/span><b>Draft \u2018Sagarmala Innovation and Start-up Policy\u2019 issued for Stakeholder Consultation<\/b><b>\u201d <\/b><span style=\"font-weight: 400;\">published in<\/span><b> PIB <\/b>on <b>10th April 2023<\/b><\/p>\n<h2><b>What is the News?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Ministry of Ports, Shipping and Waterways(MoPSW) issued a draft on \u2018Sagarmala Innovation and Start-up Policy\u2019.\u00a0<\/span><\/p>\n<h2><b>What is the Draft Sagarmala Innovation and Start-up Policy?<\/b><\/h2>\n<p><b>Aim: <\/b><span style=\"font-weight: 400;\">To nurture start-ups and other entities to co-create the future of India\u2019s growing maritime sector.\u00a0<\/span><\/p>\n<p><b>Identified areas:<\/b><span style=\"font-weight: 400;\"> The policy identified several key areas for the startups to flourish which include: decarbonisation, optimizing processes through data, maritime education, multi-modal transportation, manufacturing, alternate\/advanced materials, maritime cybersecurity, smart communication and marine electronics.<\/span><\/p>\n<p><b>Key Features of the Policy:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Digital Portal-based selection of startups ensuring a transparent process.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Grants to create a minimum viable product\/ services (MVP), commercialization of proprietary technology including market entry or scaling up.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Creation of \u2018Launch pads\u2019 at Ports for carrying out trials, facilitating pilot projects, establishing working space and adopting products and solutions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Annual Start-up Awards in the maritime sector recognizing distinguished efforts of innovation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Provide legal and accountancy backup to start-ups for IP-patent filing, company registration, annual filings and closures.<\/span><\/p>\n<h2><b>What are Maritime Innovation Hubs(MIH)?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The promotion of startups will be through the Maritime Innovation Hubs(MIH). It <\/span><span style=\"font-weight: 400;\">shall perform the following functions:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013\u00a0 Serve as the hub of the startup ecosystem for national and international collaboration<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 Develop a central database for all pertinent information to assist emerging entrepreneurs in the maritime industry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 Attract investment for eligible start-up businesses and innovative maritime technology<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 Entrepreneur development through \u2018know-how\u2019 sessions about the various aspects of the maritime industry.<\/span><\/p>\n<h2><b>What is the Sagarmala Initiative?<\/b><\/h2>\n<p><a href=\"https:\/\/forumias.com\/blog\/sagarmala-seven-years-of-spectacular-success\/#:~:text=ForumIAS%20is%20India's%20leading%20Online,Exam%20Online%20Preparation%20and%20guidance.\"><b>Click Here to read<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201cDraft \u2018Sagarmala Innovation and Start-up Policy\u2019 issued for Stakeholder Consultation\u201d published in PIB on 10th April 2023 What is the News? The Ministry of Ports, Shipping and Waterways(MoPSW) issued a draft on \u2018Sagarmala Innovation and Start-up Policy\u2019.\u00a0 What is the Draft Sagarmala Innovation and Start-up Policy? Aim:&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/draft-sagarmala-innovation-and-start-up-policy-issued-for-stakeholder-consultation\/\">Continue reading <span class=\"screen-reader-text\">Draft \u2018Sagarmala Innovation and Start-up Policy\u2019 issued for Stakeholder Consultation<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[11447,3590,7639],"class_list":["post-237325","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-maritime-innovation-hubs","tag-pib","tag-sagarmala-project","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/237325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=237325"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/237325\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=237325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=237325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=237325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}