Startup India Hub

Snapshot

We empower Startup ventures to boost entrepreneurship, economic growth, and employment across India!

The Startup India initiative was launched on 16th January 2016, by the Hon’ble Prime Minister. The Prime Minister also unveiled an Action Plan consisting of 19 Action Points that act as a guiding document for the startup initiative. Since the inception of the initiative:

• There are over 99000+ startups recognized by the government of India as of May 2023
• 49% of them having a base in Tier 2 - Tier 3 cities
• These startups are spread over 669 districts from 36 States and Union Territories of India
• As of 31st March 2023, India is home to 108 unicorns with a total valuation of $ 340.80 Bn. Out of the total number of unicorns, 44 unicorns with a total valuation of $ 93.00 Bn were born in 2021 and 21 unicorns with a total valuation of $ 26.99 Bn were born in 2022
• 57 Regulations have been simplified for startups
• The Startup India Portal acts as a virtual incubation platform for startup ecosystem stakeholders, to network with each other, have access to resources, tools & templates that would help them throughout their journey 

Funding

• A INR 945 Cr Startup India Seed fund Scheme has been launched in 2021 to aid setting up and growth of new startups. 
• A INR 10,000 Cr ‘fund of funds’ is being managed for growing the domestic venture capital industry. 
• Startup India Investor Connect was conceptualized to serve as an intermediary platform for both Investors and Startups to find the right beneficiaries to connect with. 

Market Access

• Startup Runway has been launched as a dedicated corner for startups to sell products and services to the Government. 
• To enable government linkages for growth opportunities and exposure, Grand Challenges and Knowledge series are regularly organised for the Startups. 

International Support

• A Startup bridge is a virtual landing hub that helps startups from both countries get exposure to each other’s markets for a deeper understanding. 
• The SCO Startup Forum is a platform for the stakeholders from the startup ecosystems from all SCO Member States to interact and collaborate. 
• Startup20 is the first of its kind official engagement group initiated under the Indian presidency of the G20 2023. 

Recognition Linked Incentives

• Under the Startup India Action Plan, startups that meet the definition as prescribed under G.S.R. notification 127 (E) are eligible to apply for recognition under the program. 
• Startup India provides fast-tracking of startup patent applications, panel of facilitators to assist in IP applications and rebate on the application filing fees. 

Mentorship and Handholding

• MAARG program is developed with the idea to be accessible for Startups from every corner of the country to request and connect with a mentor. 
• National Startup Awards and Handholding is an initiative to recognize and reward outstanding startups and ecosystem enablers that are building innovative products or solutions and scalable enterprises, with high potential of employment generation or wealth creation, demonstrating measurable social impact. 

We also built a virtual incubation platform for startup ecosystem stakeholders, to network with each other, have access to resources, tools & templates that would help them throughout their journey. It is the world’s largest virtual hub, and currently has: