On August 25, 2021 Electronics and Information Technology Minister Mr. Ashwini Vaishnaw launched SAMRIDH – Start-up Accelerators of MeitY for Product Innovation, Development and Growth for boosting the Startups in their initial phase. This scheme is mainly focused on accelerating about 300 Indian software product start-ups in the next 3 years. Under this scheme, financial investment of Rs. 40 lakhs will be provided to the start-ups based on the current valuation. Apart from funds the start-up will get required training and skill sets for flourishing further, It also tends to provide the start-ups with an access to the network of investors, mentors and customers to assist them to be successful. This scheme will contribute in building a strong start-up ecosystem in the state.
|Scheme Under||Central Government|
|Launched By||Electronics and Information Technology Minister Mr. Ashwini Vaishnaw|
|Launch Date||August 25, 2021|
|Implemented By||MeitY Start-up Hub (MSH)|
|Beneficiaries||Indian software product start-ups|
|Benefit||Investment support up to Rs. 40 lakhs, access to a network of investors and mentors, etc.|
|Major Objective||To encourage and accelerate the start-ups thereby creating a strong start-up ecosystem in the country.|
Scheme Objectives and Benefits:
- The main objective of the scheme is to support 300 software product start-ups in the country
- It tends to provide the start-ups with investment support up to Rs. 40 lakhs
- This scheme will provide the start-ups with access to a network of investors, mentors and customers
- It will provide the required skill sets and training for succeeding in the business
- It tends to assist the start-ups to flourish
- This scheme will also enable increased productivity and innovation
- In the long run, it will impact increased economic growth and development in the country.
- Electronics and Information Technology Minister Mr. Ashwini Vaishnaw launched SAMRIDH – Start-up Accelerators of MeitY for Product Innovation, Development and Growth on August 25, 2021.
- This scheme is launched for accelerating and boosting the software product based start-ups in the country.
- This scheme tends to benefit about 300 start-ups in the country
- Financial investment upto Rs. 40 lakhs based on current valuation along with access to a network of customers, investors and mentors will be provided to the start-ups.
- Required skills sets will also be provided.
- Government aims at supporting the start-ups in the initial stage which includes risk.
- This will help the start-ups to focus on increasing their business and become successful.
- New job opportunities will be generated with more and more start-ups in operation in the country.
- This scheme will focus on boosting the start-ups for increased productivity.
- This scheme will build a strong base and ecosystem of start-ups in the country.
- It will contribute to the mission of the central government to provide employment in traditional as well as new age industries.