First-ever Startup India Innovation Week to be held from today

The Department for Promotion of Industry and Internal Trade (DPIIT) is organizing the first-ever Startup India Innovation Week from today to 16th of this month. This virtual week-long innovation celebration aims to commemorate the 75th year of India’s independence ‘Azadi Ka Amrit Mahotsav’ and is designed to showcase the spread and depth of entrepreneurship across India.

Interestingly, in the startup world, 2021 has been recognised as the ‘year of unicorns,’ with 40 Plus unicorns added in the year.

India is emerging as a global innovation hub, boasting the world’s third-largest startup ecosystem. DPIIT has recognised more than 61 thousand startups as on date. The startups representing 55 industries, spread across 633 districts with at least one startup from every State and UT of the country have created over 6 lakh jobs since 2016. 45 per cent of the startups are from Tier-2 and Tier-3 cities and 45 per cent of them are represented by women entrepreneurs.

The week-long event will be launched today by Union Minister for Commerce and Industry, Piyush Goyal.

On January 15, Prime Minister Narendra Modi is expected to interact with startups and address Startup India Innovation Week at 10.30 AM via video conferencing in closed-door event.

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