India’s first National Startup Awards 2020 to be declared on October 6

India’s first National Startup Awards 2020 to be declared on October 6. Union Minister of Railways and Commerce & Industry, Shri Piyush Goyal will declare India’s first National Startup Awards on October 06 in New Delhi. The Award function will be held virtually through online mode. This is the first edition of the National Startup Awards.

The aim of the government was to recognize and honor startups innovative products with high potential of employment generation or wealth creation, demonstrating measurable social impact.

The Awards invited applications across 12 sectors are:

  • Agriculture
  • Education
  • Enterprise Technology
  • Energy
  • Finance
  • Food
  • Health
  • Industry 4.0
  • Space
  • Security
  • Tourism
  • Urban Services

Apart from these, startups are to be selected from those which create impact in rural areas, are women-led and founded in academic campuses.

Key Highlights:

  • The winning Startups will get cash prizes of Rs 5 lakh each, along with opportunities to present their solutions to relevant public authorities and corporates, for potential pilot projects and work orders.
  • As key building blocks of a robust Startup ecosystem, one exceptional Incubator and one Accelerator each will get a cash prize of Rs 15 lakh.
  • The Department for Promotion of Industry and Internal Trade (DPIIT) has organised the first ever National Startup Awards to recognize and reward outstanding Startups.
  • Currently, the country has over 36,000 startups which are recognised by the DPIIT with majority of them being in Delhi (14,840), Maharashtra (18,978) and Karnataka (11,587).

About Department for Promotion of Industry:

  • Founded: 1995
  • Parent organization: Ministry of Commerce and Industry

Related Questions:

1) What is the constituency of Piyush Goyal? – Rajya Sabha (Maharashtra)

2) Recently, who announced The Shanti Swarup Bhatnagar Prize 2020? – Dr. Harsh Vardhan

3) Who has been honoured with Lata Mangeshkar award 2020-21? – Usha Mangeshkar

4) Which award was recently received by PM Narendra Modi? – IG Nobel prize

5) Who has presented the 1st ever “AICTE Visvesvaraya Best Teachers Award 2020”? – Ramesh Pokhriyal

6) Who was honoured with Asia Game Changer Award 2020? – Chef Vikas Khanna

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