National Startup Day 2025
National Startup Day is celebrated annually on January 16 to recognise the contributions of startups to India’s economy. Recently, India stands as the third-largest startup ecosystem globally, with over 99,000 registered firms valued at $500 billion. This day marks the importance of innovation and entrepreneurship in driving economic growth.
History
National Startup Day was established on January 16, 2016, during the Startup India Innovation Week. Prime Minister Narendra Modi announced this day to honour the economic impact of startups. The initiative aimed to encourage a supportive environment for entrepreneurs through various government schemes.
Significance
The day puts stress on the role of startups in economic development, innovation, and job creation. It serves as a reminder of the government’s commitment to supporting the startup community and recognising their contributions.
National Startup Day 2025 Events
Recently, notable events include Startup Baithak and Startup Baatcheet, organised by the Startup Policy Forum in collaboration with DPIIT and Startup India. These events focus on critical policy discussions related to data privacy, AI governance, and fintech regulations.
Udyamotsav 2025
Udyamotsav 2025 is a key event scheduled for January 16, 2025. It aims to empower student entrepreneurs by connecting them with investors. The initiative will take place in 14 cities across India, facilitating mentorship and funding opportunities.
Growth of Startups
The number of DPIIT-recognised startups has surged from around 500 in 2016 to 159,157 by January 15, 2025. This growth reflects the increasing dynamism of India’s startup ecosystem.
Month: Current Affairs - January, 2025
Category: Government Schemes Current Affairs