Promotion Of Startups

IAS Prelims 2023


Startups and the entire innovation ecosystem are the engines of growth for any country. Recognizing this aspect, Government launched Startup India initiative on 16th January 2016 with an aim to build a stronger ecosystem for nurturing India’s startup culture that would further drive our economic growth, support entrepreneurship, and enable large-scale employment opportunities.

 

Sustained Government efforts in this direction have resulted in increasing the number of recognized Startups from 726 in FY 2016-17 to 66,810 in FY 2021-22 (as on 28th March 2022).

 

There is at least one recognized startup from every State and UT and nearly 50% of the recognized startups are from Tier-II and III cities. Recognized startups are spread across over 640 districts and have reported creation of more than 7 lakh jobs.

 

Furthermore, DPIIT has recognized startups which are spread across 56 diversified sectors. More than 4,500 Startups have been recognized in sectors relating to emerging technologies such as Internet of Things (IoT), robotics, artificial intelligence, analytics, etc. Sector-wise number of startups recognized, is as follows:

 

Sector wise number of recognized Startups as on 28th March 2022

 

Sector

Number of Recognized Startups

Advertising

529

Aeronautics Aerospace & Defence

585

Agriculture

3074

AI

1323

Airport Operations

6

Analytics

537

Animation

67

AR VR (Augmented + Virtual Reality)

368

Architecture Interior Design

369

Art & Photography

217

Automotive

1260

Biotechnology

139

Chemicals

519

Computer Vision

200

Construction

2337

Dating Matrimonial

54

Design

510

Education

4457

Enterprise Software

1329

Events

278

Fashion

801

Finance Technology

2094

Food & Beverages

3055

Green Technology

1582

Healthcare & Lifesciences

6191

House-Hold Services

451

Human Resources

1268

Indic Language Startups

166

Internet of Things

1229

IT Services

8374

Logistics

211

Marketing

1390

Media & Entertainment

1069

Nanotechnology

114

Non- Renewable Energy

1324

Not Specified

1297

Other Specialty Retailers

468

Others

1373

Passenger Experience

5

Pets & Animals

164

Professional & Commercial Services

3331

Real Estate

533

Renewable Energy

1775

Retail

1611

Robotics

390

Safety

209

Security Solutions

696

Social Impact

446

Social Network

536

Sports

326

Technology Hardware

2070

Telecommunication & Networking

649

Textiles & Apparel

875

Toys and Games

103

Transportation & Storage

1127

Travel & Tourism

1051

Waste Management

298

Grand Total

66810

 

The Government has also operationalized 26 Centres of Excellence (CoEs) in diverse areas of national interest for driving self- sufficiency and creating capabilities to capture new and emerging technology areas. These domain specific CoEs are being established pan India with the participation of the Central Government, Software Technology Parks of India (STPI), State Government(s), industry partnership and venture capital firms. These CoEs act as important enablers to promote innovation in emerging technologies.

 

This information was given by the Minister of State in the Ministry of Commerce and Industry, Shri Som Parkash, in a written reply in the Lok Sabha today.

 

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AM/ PK

 



    Source PIB