Start-ups: Good chance for recognition & financial assistance

03 March 2022, Mumbai:

This is an excellent opportunity for start-ups to gain both attention and cash backing! For the National Startup Awards 2022, the government is accepting proposals in 17 industries and 7 special categories.

The awards will be granted in 17 categories divided into 50 sub-categories, including education and skill development, enterprise technology, the environment, Industry 4.0, and many others. There are also seven special prize categories for start-ups: women-led start-ups, rural impact, university start-ups, manufacturing excellence, and start-ups from the North-East.

In addition to great incubators and accelerators, the National Startup Awards 2022 will recognize exceptional incubators and accelerators as vital components of a vibrant start-up ecosystem.

Each winning start-up will get a cash reward of Rs. 5 lakh.

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The winners and runners-up will also have the opportunity to propose their ideas to appropriate government agencies and corporations for possible pilot projects and work orders, as well as pitching chances with investors.

They will also be given first preference for participation in national and international start-up competitions.

One winning incubator and one winning accelerator will each get a cash reward of Rs. 15 lakh. The third edition of the National Startup Awards has been established by the Department of Promotion of Industry and Internal Trade (DPIIT).

The National Startup Awards 2022 will recognize start-ups and enablers that have been essential in revolutionizing India's growth story and who have the power and capacity to further ignite the spirit of Aatmanirbhar Bharat, in keeping with the Azadi Ka Amrit Mahotsav.

The first edition of these prizes, announced in 2020, received submissions from over 1,600 start-ups and ecosystem enablers throughout India, while the most recent edition (2021) had over 2,200 start-ups and ecosystem enablers participate.

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*CREDITS: Apparel Resources.