economy

Centre to organise ‘innovation week’ to encourage startup ecosystem in India

Centre to organise ‘innovation week’ to encourage startup ecosystem in India

The Centre will organise a first of its kind innovation week to encourage a startup ecosystem in India in January 2022. The event, organised by the Department for Promotion of Industry and Internal Trade (DPIIT), will be held as part of Azadi ka Amrit Mahotsav, which celebrates the innovation ecosystem in India. Itll also mark the 6th anniversary of the Startup India initiative launch. The innovation week aims to bring together India’s key startups, entrepreneurs, investors, policymakers and other national or international stakeholders to exchange knowledge on best practices on nurturing startup ecosystems. The event will help provide market access opportunities to startups and mobilise capital investment. Itll also showcase high-quality, high technology and innovations from India. The main themes are international engagements, market access and incubation support, funding support to start-ups. Also read: IISF-2021: Time has come to stress on sustainable startups, says Jitendra Singh Startups, incubators, accelerators, mentors, venture capital (VC) funds, investors, government e-marketplace (GeM), corporates, students, entrepreneurs, ecosystem enablers, government officials will take part in the event. Itll also feature a dedicated exhibition area for select startups. Mentoring and incubation support will also be provided with partnering agencies such as AIM NITI Aayog, DST, DBT, MeitY, DPIIT, and Invest India. Also read: Razorpay unveils new products for merchants, SMEs A panel comprising high-level domain experts, incubator, and investor network will shortlist the most promising startups through a robust process, a statement said. Multiple pitching sessions will also be organised for selected startups. The government will also invite corporates to set innovation labs at the exhibition area. The sessions will be conducted in virtual and physical mode and will be live-streamed through Startup India social media handles. Also read: Social network Zorro raises $3.2 mn in seed funding Download.

economy 2021-12-12 Livemint