The second edition of the National Startup Awards also recognises the contribution of one incubator and one accelerator
Industries Minister Piyush Goyal said Startup India is about realising millions of dreams.
The Minister said Startup Mission is a symbol of self-reliant and self-confident India, says Shri Goyal
Addressing the National Startup Awards (NSA) 2021 ceremony, Piyush Goyal said Prime Minister Narendra Modi is a very firm believer in the potential of Startups to nation-building during the Amritkaal, the next 25 years to India’s centenary of Freedom.
New Delhi, NFAPost: National Startup Awards 2021, the second edition of national awards for startups in national building initiatives, selected 46 startups and one incubator and accelerator each.
Presenting the National Startup Awards 2021, Union Minister of Commerce and Industry Shri Piyush Goel said Startup India is about realising millions of dreams.
“Startup Mission is a symbol of Self-Reliant & Self-Confident India. Be it a fisherman’s son from Chennai or a boatman’s daughter from Kashmir, they all want to bring prosperity to their families and to their people, and therefore are thinking bigger and bolder,” said Shri Piush Goyal.
Shri Piyush Goyal said, realising the contribution of Startups towards nation-building, Prime Minister Shri Narendra Modi announced that January 16 will be celebrated as National Start-up Day, to take the Startup culture to the far flung areas of the country.
“Prime Minister Modi is a very firm believer in the potential of Startups to contribute significantly to the growth of the nation during the Amritkaal, the next 25 years. He recognises Innovation to be the strongest pillar in making India ‘Aatmanirbhar’,” said Shri Piyush Goyal.
NSA is instituted by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Industries which invited applications from various innovators across India.
The National Startup Awards recognizes and rewards outstanding Startups and ecosystem enablers that are building innovative products or solutions and scalable enterprises, with high potential of employment generation or wealth creation, demonstrating measurable social impact. The measure of success is not only the financial gains for the investors, but also the contribution to social good.
A total of 2177 applications were received from Startups across the 49 sub-sectors along with applications from 53 incubators and 6 accelerators for the ecosystem enablers categories.
Shri Piyush Goyal said the PM has focused on three sutras (pillars) to strengthen innovation like liberating entrepreneurs from the web of government processes and bureaucratic silos
“As part of this initiative over 25,000 compliances reduced, decriminalisation of laws, etc, but what more can be done to help businesses grow and prosper in an easier environment?,” said the Minister.
He also highlighted that the government has come up with two more other suthras like building institutional mechanisms, – strengthen regulatory processes and self-regulation, and came up with a mechanism for handholding young innovators and new enterprises, – mentoring will define Innovation in the future.
Shri Piyush Goyal called upon the Startups to focus mainly on five areas to make India the No. 1 Startup ecosystem in the world:
1. Develop solutions & content in Indic languages
2. Encourage products & solutions that have a larger social & economic impact
3. Promoting Startups in every district across the country, – Establish ‘Startup Access centers’ in every district
4. Creating Innovation zones at the level of Urban Local Bodies, &
5. Adopt best practices from across the globe & enhance India’s global competitiveness
Quoting Prime Minister Modi, Shri Piyush Goyal said today India is rapidly moving towards hitting the century of unicorns.
“I believe the golden era of India’s start-ups is starting now. Government is standing with our innovators and so is the entire country…Let’s Innovate for India, innovate from India!,” he said.
Speaking on the occasion, DPIIT Secretary Shri Anurag Jain said the Department will handhold the Startup Award finalists across seven tracks i.e. Investor Connect, Mentorship, Government Connect, Capacity Development, Corporate Connect, Brand Showcase and Unicorn Engagement.
“Our journey together doesn’t end here with just awards, we will walk step by step with you in this journey,” he said.
The second edition of the awards invited applications across 15 sectors and 49 sub-sectors. The sectors included Agriculture, Animal Husbandry, Drinking Water, Education & Skill Development, Energy, Enterprise Technology, Environment, Fintech, Food Processing, Health & Wellness, Industry 4.0, Security, Space and Transport and Travel.
Six special categories were also introduced to recognise exceptional Startups contributing to the good of society. The 2021 edition of the awards also recognized exceptional Startups innovating solutions to promote Indic languages and to complement national efforts to combat the Covid-19 pandemic.
A total of 2177 applications were received from Startups across the 49 sub-sectors along with applications from 53 incubators and 6 accelerators for the ecosystem enablers categories. These applicants included 863 Women-led, 414 innovations for combatting Covid-19 and 253 Startups working in rural areas.
All applicants were evaluated against six broad parameters namely Innovation, Scalability, Economic Impact, Social Impact, Environmental Impact, and Inclusiveness and Diversity.
After three rounds of detailed evaluation, 175 Startups were selected for presentation before the jury which made presentations before the 16 specialist jury panels, which comprised of domain experts from industry, investors and government.
The recognised entities will benefit from such recognition, not only in terms of being able to attract more business, financing, partnerships and talent, but also enable them to serve as role models for other entities, and to inspire them to be purposeful and responsible about their socio-economic impact.
53 applications were received from incubators and 6 applications were received from Accelerators. Select incubators and accelerators were selected after three rounds of evaluation for presentation before the Jury Panel which gave presentations before the Jury.
The felicitation ceremony was accompanied by the release of an e-Report on National Startup Awards 2021 highlighting the year-round handholding support provided to the finalists of the first edition of the National Startup Awards and the journey of NSA 2021.
The ‘Blockchain-enabled verification for DPIIT tax incentive certificates’, ‘Digilocker enabled DPIIT Startup recognition certificate’ and the second edition of the ‘Startup Champions’ programme on Doordarshan were also launched during the event.