Promotion Of Startups

Promotion Of Startups

Posted On: 06 APRIL, 2022 , Delhi

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

SectorNumber of Recognized Startups
Advertising529
Aeronautics Aerospace & Defence585
Agriculture3074
AI1323
Airport Operations6
Analytics537
Animation67
AR VR (Augmented + Virtual Reality)368
Architecture Interior Design369
Art & Photography217
Automotive1260
Biotechnology139
Chemicals519
Computer Vision200
Construction2337
Dating Matrimonial54
Design510
Education4457
Enterprise Software1329
Events278
Fashion801
Finance Technology2094
Food & Beverages3055
Green Technology1582
Healthcare & Lifesciences6191
House-Hold Services451
Human Resources1268
Indic Language Startups166
Internet of Things1229
IT Services8374
Logistics211
Marketing1390
Media & Entertainment1069
Nanotechnology114
Non- Renewable Energy1324
Not Specified1297
Other Specialty Retailers468
Others1373
Passenger Experience5
Pets & Animals164
Professional & Commercial Services3331
Real Estate533
Renewable Energy1775
Retail1611
Robotics390
Safety209
Security Solutions696
Social Impact446
Social Network536
Sports326
Technology Hardware2070
Telecommunication & Networking649
Textiles & Apparel875
Toys and Games103
Transportation & Storage1127
Travel & Tourism1051
Waste Management298
Grand Total66810

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.

Author: sarkarimirror