Monday, January 17, 2022

Govt to support startups during initial risk phase: Ashwini Vaishnaw

Electronics and IT Minister Ashwini Vaishnaw yesterday said the government will support startups and entrepreneurs during the initial risk phase, which is the most challenging phase. He also stated that India will scale up the network of incubators and accelerators to phenomenal levels to serve 1.3 billion people.

Speaking at the launch of Start-up Accelerators of MeitY for pRoduct Innovation, Development and growth, SAMRIDH scheme, the Minister said the initiative will not only provide funding support to the startups but will also help in bringing skill sets together which will help them to become successful.

Reiterating the vision of the Prime Minister, he stated that emerging technology combined with the energy of the youngsters is a great potential source for inclusive development.

The Minister further said that employment in traditional as well as new age industries is a stated mission of the government and initiatives and schemes like SAMRIDH will help accelerate the implementation of that vision.

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