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PM says golden era of India’s start-ups is starting now, 16th Jan to be National Start-Ups Day

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New Delhi: Prime Minister Narendra Modi said that 2022 has brought several possibilities for the Start up ecosystem in the country. He said, India is celebrating 75th years of independence, and when India will achieve 100 years of independence, role of start up will be significant in the nation’s progress. Prime Minister Narendra Modi today interacted with Startups through video conferencing. On this occasion, he said, 16th January will be celebrated as National Start-Ups Day.

Highlighting the importance of startup in the nation’s progress, the Prime Minister said, country’s startups are changing the rule of the game and these startup is going to be a beck bone of New India. He said, the golden era of India’s start-ups is starting now. He said, this decade is being called the techade of India and the government is taking concrete steps to strengthen the innovation, entrepreneurship and start-up ecosystem across the country. He said, whether it is a new Drone Rules, or new Space Policy, the priority of the government is to provide opportunities to youths for innovation.

Terming this decade a new era of Innovation and Ideas, Mr. Modi said, from rural economy to Industry 4.0, our needs and our potential are limitless. He said, investment on research and development of future technology is the priority of the government. He said, our effort is to institutionalize innovation in the young minds since childhood to create interest for innovation. He said, more than nine thousand Atal Tinkering Labs are providing unique opportunities to children to innovate in schools and work on new ideas.

Giving the mantra-let’s Innovate for India and innovate from India, the Prime Minister said, start-ups from India can easily reach to other countries of the world. He congratulated all the start-ups of the country saying that innovative youths are raising the flag of India in the world of start-ups. He said, India has improved its rank in Global Innovation Ranking by reaching to 46 number. He said, 42 unicorns have emerged in the country in the last year and India is rapidly moving to hit the century of unicorn. He said, these companies worth thousands of crores of rupees are the hallmark of self-reliant and self-confident India. He said, startup have provided employment to lakhs of youths and many startup are emerging from tier 2 and 3 cities.

The Prime Minister said, the government has simplified the rules related to IPR registration. He said, last year 16 thousand copyrights were granted which were four thousand in the year 2013-14. He said, more than 28 thousand patents have been granted in the last year, which were four thousand in the year 2013-14. He said, more than 2.5 lakh trademarks have been registered in the last year.

During the interaction several Union Ministers were present. Startups from various sectors such as agriculture, health, space, industry 4.0, security, fintech and environment have taken part during the interaction. Over 150 startups have been divided into six working groups based on several themes. These include Growing from Roots, Nudging the DNA, From Local to Global, Technology of Future, Building Champions in Manufacturing and Sustainable Development.

The interaction is aimed to understand how startups can contribute to the national needs by driving innovation in the country. The event was organized by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry as a part of Azadi ka Amrit Mahotsav. The event also marks the 6th anniversary of the launch of the Startup India initiative.

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