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DPIIT organises startup India innovation week from 10th-18th January 2024

Celebrating 8 years of Startup India, the ‘Startup India Innovation Week 2024’ commenced on 10.01.2024 with Ask Me Anything (AMA) session with ecosystem enablers. Eight, virtual Ask Me Anything (AMA) live sessions are planned to be conducted from 10th to 17th January 2024 with relevant stakeholders to celebrate the spirit of entrepreneurship in India. On 10th January 2024, the Ask Me Anything session focused on ‘Opportunities for Budding Startups through Incubators’, giving insights to startups and entrepreneurs on various sources of seed funding available. The session also provided valuable guidance on the different stages of the startup journey, from the initial spark of an idea to finally entering the market. It was live-streamed on Startup India social media channels, including Twitter, LinkedIn, and Facebook, and can be accessed here: https://www.youtube.com/watch?v=hM36ZJA_5ZI.

The first mentorship session under the MAARG Mentorship Series for budding entrepreneurs focused on ‘From Idea to Execution – Building a Solid Business Plan’. The session shared insights into the process of transforming entrepreneurial ideas into a well- structured business plan, engaging the participants, and explaining the fundamentals using case studies depicting challenging scenarios. The session was also hosted on the MY Bharat portal for aspiring entrepreneurs.

Further, ‘Startup Shala’ – Startup India’s flagship Accelerator Program was launched for extensive handholding of startups at the scaleup stage. The initiative is a 3-month long accelerator program for early-stage startups to provide them access to knowledge, network, funds, or guidance required to scale up. Each program cohort will focus on a particular sector, the first one being the clean-tech sector. The applications have been opened on the Startup India portal from 10th January 2024.

Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, Textiles, Shri Piyush Goyal while addressing the India-UAE Business Summit during the Vibrant Gujarat Global Summit 2024 highlighted India’s booming startup landscape and the way ahead for the growth of the startup ecosystem. Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Shri Sanjiv, participated in various engagements and also addressed and highlighted the importance of international exposure for Indian startups and the crucial role a startup bridge plays in easing international market access.

Celebrating Indian innovations across the country, incubators organised startup-related events at their centres as well. On 10th January 2024, 9 such engaging events took place physically in 7 different states across 9 cities. More than 845+ entrepreneurs and student entrepreneurs attended the events. The events provided opportunities for startup showcases, mentorship sessions, and engaging panel discussions, among others.

On 11.01.2024, Secretary DPIIT, Shri Rajesh Kumar Singh, delivered the inaugural address in the startup seminar, ‘Startups Unlocking Infinite Potential’, at the Tenth Vibrant Gujarat Global Summit in Gandhinagar, Gujarat. In his address, he highlighted the growth of the e-commerce industry in recent years owing to increased internet penetration and the growing popularity of digital payments. This has led to a surge in startup activity, particularly in the e-commerce and fintech sectors.

Joint Secretary, DPIIT, Shri Sanjiv highlighted the government’s proactive role in nurturing and promoting the startup ecosystem in the country in partnership with the industry. He underscored India’s remarkable strides in the e-commerce and retail sector and highlighted the importance of startups in the Indian growth story.

The second Ask Me Anything session focused on ‘Innovation at the Intersection’ with

leading corporates actively engaging with startups. The panel discussed current trends and advised startups on insights on tapping new market opportunities. Subsequent to this session, one-on-one handholding and mentorship sessions to shortlisted startups with the corporates will be provided in domains of financial lending and support, operations, sustainable innovations, and disruptive technology.

The second mentorship session under the MAARG Mentorship Series focused on ‘Understanding Business Structures and Processes to Incorporate an Entity’. It explored different kinds of business structures and their nuances for a startup. The session saw active participation from aspiring entrepreneurs who gained valuable insights on the steps to start their startup journey.

Showcasing innovations across the country, 14 events took place physically in 9 states across 12 cities. The events saw active participation from startups and entrepreneurs attended the events. The events included an ideathon for student entrepreneurs, showcase of women-led startups, and a panel on exploring deeptech frontiers and IPR Strategies, among others.

CT Bureau

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