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Goyal inaugurates first Startup India Innovation week
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SME Times News Bureau | 10 Jan, 2022
Union Minister of commerce & Industry Piyush Goyal on Monday
inaugurated the first Startup India Innovation Week here to bring
together the country's key startups, entrepreneurs, investors,
incubators, funding entities, banks, policymakers, etc., under one
platform to celebrate entrepreneurship and promote innovation.
The
Department for Promotion of Industry and Internal Trade (DPIIT) is
organising the first-ever Startup India Innovation Week from
January10-16. 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.
Goyal said his ministry is now at a
position to recognize at least four startups in an hour, and the
government has recognised more than 60,000 startups so far. Inspiring
the young entrepreneurs, innovators, incubators, funding entities, Goyal
said, "We all should take failures as stepping stones to success and
should focus on three goals -- strengthening Make-In-India, innovation
and mentoring the young talents."
Sharing data about the
participation of startups from the Tier-2 and Tier-3 towns, Goyal urged
the established startups to come forward to mentor them and help them to
flourish their innovative ideas.
Emerging as a global innovation
hub, India is now boasting the world's third-largest startup ecosystem.
DPIIT has recognised more than 60,000 startups as on date.
Indian startups representing 55 industries, spread across 633 districts
with at least one startup from every State and UT of the country have
created over six 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. Startups have the potential to accelerate
India's integration into global value chains and create global impact,
said the Ministry of commerce & Industry.
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