“MeitY has undertaken varied initiatives and measures to advertise a technology-led startup innovation ecosystem within the nation to create a conducive surroundings for selling deep tech entrepreneurship,” Chandrasekhar stated in his written response.
That is the primary cohort to be recognized underneath the SAMRIDH (Startup Accelerator of MeitY for Product Innovation, Improvement, and Progress) scheme, which seeks to assist 300 startups, in cohort sizes of 10-15 every, by means of present and future accelerators. Chandrasekhar stated that Rs 2.25 crore of the Rs 6 crore corpus that was earmarked for administrative value to the accelerators has been utilised to date. The funds allotted for every startup is Rs 2 lakh.
Accelerators are tasked with growing customised acceleration applications to satisfy the wants of every startup within the cohort and supply providers to develop buyer join, investor join, capability enhancement, product enhancement and many others.
The 22 accelerators embrace IIM-Calcutta Innovation Park, Atal Incubation Heart-BIMTECH, C-Camp Bangalore, India Accelerator, Gujarat College Startup and Entrepreneurship Council (GUSEC) and others.
The SAMRIDH scheme was launched in August 2021 with the purpose of offering startups with a platform to enhance their merchandise, safe funding and scale their enterprise, and is being carried out by MeitY Begin-up Hub (MSH).
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The Scheme Administration Committee, which oversees implementation and opinions progress, includes business consultants together with the chairman of Manipal Training TV Mohandas Pai, NASSCOM president Debjani Ghosh, iSPIRT co-founder Sharad Sharma, NIIF managing partner-FoF Anand Unnikrishnan, and Enterprise Catalysts co-founder Apoorv Ranjan Sharma.
Supply: India Times