9th Anniversary of Startup India Mission

January 17, 2025

As of January 2025, the Startup India mission celebrates its ninth anniversary, denoting achievements in encouraging entrepreneurship across the nation. Key government funding initiatives have transformed the startup landscape, particularly benefiting Tier II and Tier III cities. The mission’s success is attributed to strategic financial support and a growing ecosystem of private investment.

Government Funding and Support

The Fund of Funds for Startups (FFS) is very important in mobilising capital. Administered by SIDBI, it has facilitated substantial funding, totalling Rs 13 trillion. This financial backing empowers startups to expand and innovate.

Startup Ecosystem Expansion

India now boasts the world’s third-largest startup ecosystem, with 159,157 startups as of January 2025. This growth reflects a rise from approximately 500 startups in 2016, generating 1.72 million direct jobs.

Impact on Society

Startups are recognised as agents of change. They address critical issues such as sustainability, healthcare, and digital transformation. Their innovations contribute to a better future for society.

Women in Entrepreneurship

Women play a vital role in India’s startup scene. The government promotes initiatives like the Women Entrepreneurship Platform, aiming to empower women-led startups with resources and opportunities.

Upcoming Events

The Startup Mahakumbh, set for April 2025, will feature 2,500 startups. This event is positioned as the largest startup gathering, showcasing India’s entrepreneurial talent and innovation.

PRABHAAV Factbook

The PRABHAAV Factbook, which was launched recently, documents the startup ecosystem’s growth from 2016 to 2024. It serves as a comprehensive guide, denoting achievements and regional developments in India’s vibrant startup landscape.

Bharat Startup Grand Challenge

The Bharat Startup Grand Challenge was also launched. It invites innovative solutions across 75 sectors. It offers cash prizes, funding, mentorship, and networking opportunities, encouraging collaboration between industry leaders and startups.

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