On 15th August 2015, when Indian Prime Minister Narendra Modi urged the nation to ‘Startup India, Standup India’ from the ramparts of the red fort, India was on its way to become a startup nation already. Five months down the line, the ‘Startup India’ vision has traversed a long distance in terms of policies and support to entrepreneurs across the length and breadth of the country. Today is the official launch of the much awaited action plan of Start up India programme in Vigyan Bhawan, New Delhi.
The Human Resource Development Ministry and the Department of Science and Technology have agreed to partner in an initiative to set up over 75 such startup support hubs in the National Institutes of Technology (NITs), the Indian Institutes of Information Technology (IIITs), the Indian Institutes of Science Education and Research (IISERs) and NIPERs or National Institutes of Pharmaceutical Education and Research.
How is the start up trend currently in India?
The Human Resource Development Ministry and the Department of Science and Technology have agreed to partner in an initiative to set up over 75 such startup support hubs in the National Institutes of Technology (NITs), the Indian Institutes of Information Technology (IIITs), the Indian Institutes of Science Education and Research (IISERs) and NIPERs or National Institutes of Pharmaceutical Education and Research.
How is the start up trend currently in India?
- 9 Indian startups have been valued at more than a billion dollars.
- With 4,200 startups, India ranks 3rd globally.
- Of $18 billion pumped into Indian startups between 2010-15, $9 billion came in 2015 alone.
- Increase in number of incubators: 80 in 2014, 110 in 2015; 50% outside Delhi, Bengaluru, Mumbai.
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