What’s in the news?

• The Department for Promotion of Industry and Internal Trade (DPIIT) is set to organize the first-ever Startup India Innovation Week from 10th -16th of January 2022.  
• This virtual week-long innovation celebration aims to commemorate the 75th year of India’s independence ‘Azadi Ka Amrit Mahotsav’ and is designed to showcase the spread and depth of entrepreneurship across India.
• India is emerging as a global innovation hub, boasting the world’s third-largest startup ecosystem. 
• Our startups representing 55 industries, spread across 633 districts with at least one startup from every State and UT of the country have created over 6 lakh jobs since 2016. 
• 45% of the startups are from Tier-2 and Tier-3 cities and 45% of them are represented by women entrepreneurs. Startups have the potential to accelerate India’s integration into global value chains and create global impact.
• This startup and innovation festival’s primary goal is to bring together the country’s key startups, entrepreneurs, investors, incubators, funding entities, banks, policymakers, and other national/international stakeholders to celebrate entrepreneurship and promote innovation. 

Reference:

1. https://pib.gov.in/PressReleasePage.aspx?PRID=1788760