The ‘innovation week’ event will assist startups in gaining market access and securing capital investment.
The Centre will host a first-of-its-kind innovation week to promote India’s startup ecosystem in january 2022. The Department for Promotion of Industry and Internal Trade (DPIIT) is hosting the event as part of the ‘Azadi ka Amrit Mahotsav,’ which honors India’s innovation ecosystem. It will also be the 6th anniversary of the start of the ‘Startup India’ project.
The goal of the innovation week is to bring together India’s top startups, entrepreneurs, investors, policymakers, and other national and international stakeholders to share best practices for growing startup ecosystems.
The event will assist entrepreneurs in gaining market access and securing capital investment. It will also feature high-quality, high-tech, and innovative products from India. International engagements, market access and incubation support, and start-up funding are the major themes.
The event will bring together startups, incubators, accelerators, mentors, VC funds, investors, government e-marketplace (GeM), corporates, students, entrepreneurs, ecosystem enablers, and government officials. There will also be a special exhibition area for selected startups. Partnering organisations such as AIM NITI Aayog, DST, DBT, MeitY, DPIIT, and Invest India will provide mentoring and incubation support.
According to a release, a panel of high-level topic experts, an incubator, and an investor network will shortlist the most promising startups through a robust procedure.
For chosen startups, multiple pitching sessions will be held. In addition, the government will invite companies to set up innovation labs in the exhibition area. The workshops will be held both physical and virtual, and will be aired live on Startup India’s social media accounts.
