India has emerged as one of the most vibrant startup ecosystems globally, earn-
ing its place as the third largest startup hub. With over 100-plus unicorns, the Indian startup landscape is shaping the future of innovation and entrepreneurship, accord-
ing to information released by the Ministry of Commerce and Industry.
The statement further said that India has more than 73,000 startups with at least one woman director that have been recognised
under the Startup India Initiative. This rep-
resents nearly half of the 1,57,066 startups supported by the government, showcasing the crucial role women play in driving innovation and economic growth.
According to the “Indian Startup Ecosys-
tem Report” by Startup India, Indian startups have leveraged emerging technologies such as artificial intelligence (AI), blockchain, and IoT to solve local and global problems.
This culture of innovation, supported by incubators, accelerators, and robust mentoring networks, has fostered a unique ecosystem that bridges grassroots challenges with cut-
ting-edge solutions.
Recognising the transformative potential of startups, the Indian government has introduced several initiatives to support and nurture entrepreneurship. The flagship Start-up India programme, launched in 2016, has been a cornerstone in this effort. As of December 25, 2024, 157,066 startups have been recognised by the Department for Promotion
of Industry and Internal Trade (DPIIT) and
759,303 users are registered on the portal. Initiatives such as the Atal Innovation
Mission (AIM) and the National Initiative for Developing and Harnessing Innovations (NIDHI) provide infrastructure and financial support to innovators. Further, the Startup Accelerator of MeitY for Product Innovation, Development and Growth (SAMRIDH) scheme launched in 2021 aims to support 300 software product start-ups over four years with an outlay of Rs 99 crore, providing funding up to Rs 40 lakh per startup through accelerators to scale their businesses.
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