For the first time, the Central Government announced the Startup India ‘Innovation Week’

The Center will bring together the country’s leading startups, entrepreneurs, investors, incubators, funding institutions, banks, policy makers etc under one platform to celebrate entrepreneurship and promote innovation as the first Startup India “Innovation Week” from Monday. will organize Demonstrates the breadth and depth of entrepreneurship across India, an official statement said.

According to a statement from the Ministry of Commerce and Industry, the Department for Promotion of Industry and Internal Trade (DPIIT) is organizing a virtual week-long innovation festival from January 10 to 16, which also aims to mark the 75th year of India’s independence as ‘Azadi’. Have to celebrate The ‘Amrit Mahotsav’ is designed to showcase the spread and depth of entrepreneurship across India. Interestingly, in the startup world, 2021 has been recognized as the ‘Year of Unicorns’, with 40+ unicorns added in the year.

India is emerging as a global innovation hub, boasting the world’s third largest startup ecosystem. DPIIT has recognized over 61,000 startups so far. Spread across 633 districts representing 55 industries and with at least one startup from every state and union territory, these startups have created over 6 lakh jobs since 2016. 45 percent of the startups are from Tier-2 and Tier-3 cities. And 45 percent of them are represented by women entrepreneurs.