More than 92,000 entities recognized as startups since the launch of Startup India
- Press Information Bureau
- April 6, 2023
The Government of India announced the Startup India Initiative on January 16, 2016, with the objective of developing a robust ecosystem for fostering innovation, entrepreneurship, and encouraging private investments in the nation's startup ecosystem that would drive sustainable economic growth and generate large-scale employment opportunities.
The Department for Promotion of Industry and Internal Trade (DPIIT) has recognised companies as "startups" under the Startup India initiative in accordance with the eligibility requirements outlined in G.S.R. notification 127 (E) dated February 19, 2019.
As of February 28, 2023, DPIIT has recognised 92,683 entities as startups since the commencement of the Startup India initiative in 2016.
In the last five years, the number of entities recognised as startups in the country by DPIIT is 8,635 in 2018 followed by 11,279 in 2019, 14,498 in 2020, 20,046 in 2021 and 26,542 in 2022.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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