The Department for Promotion of Industry and Internal Trade (DPIIT), on Tuesday, March 1, 2022, launched the third edition of the National Startup Awards. Officials from the ministry said that the awards will acknowledge startups and enablers who have been instrumental in revolutionising the development story of India and hold within them the power and potential to further fuel the spirit of Aatmanirbhar Bharat.
The first National Startup Awards were announced in 2020 and witnessed applications from over 1,600 startups and ecosystem enablers across India. Over the years, the industry has recognised the awards and the recently concluded event in 2021 saw participation from over 2,200 startups and ecosystem enablers.
After conducting two successful editions, officials have now invited entries for the the National Startup Awards 2022, whereby the awards will be given to the startups in 17 sectors classified into 50 sub-sectors.
The 17 sectors include Agriculture, Animal Husbandry, Construction, Drinking Water, Education & Skill Development, Energy, Enterprise Technology, Environment, FinTech, Food Processing, Health and Wellness, Industry 4.0, Media & Entertainment, Security, Space, Transport, and Travel. In addition, seven special categories have been included for the awardswhich includ Women-led startups, Impact in rural areas, Campus startups, Manufacturing excellence, Innovation tackling the pandemic, Solution delivery or business operations in Indic languages and Startups from the North-East (Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura) and Hilly States/Union Territories (Himachal Pradesh, Uttarakhand, Jammu & Kashmir, and Ladakh)
The National Startup Awards 2022 will also reward exceptional incubators and accelerators as key building blocks of a robust startup ecosystem.
A cash prize of INR 5 lakh will be awarded to each winning startup. The winners and runners-up will also be given opportunities to present their solutions to relevant public authorities and corporates for potential pilot projects and work orders and pitching opportunities with investors. They will also be given priority for participation in various national and international startup events.
A cash prize of INR 15 lakh each will be awarded to one winning incubator and one winning accelerator.
As per reports, the applications for the National Startup Awards 2022 are open till March 15, 2022.
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