India Surpasses 73,000 Startups with Women Directors
India Surpasses 73,000 Startups with Women Directors
News:
India now has over 73,000 startups with at least one woman director, constituting nearly half of the 1,57,066 startups supported by the government under the Startup India initiative.
Key Highlights:
- India ranks as the third-largest startup hub globally.
- The startup ecosystem includes over 100 unicorns, reflecting innovation across sectors like fintech, edtech, health-tech, and e-commerce.
- Major innovation hubs include Bengaluru, Hyderabad, Mumbai, and Delhi-NCR.
Factors Driving Growth:
- Availability of affordable internet and a young workforce.
- Startups leverage technologies like AI, blockchain, and IoT to solve local and global challenges.
Government Initiatives:
1. Startup India Programme (2016):
o Provides tax benefits, funding, and policy support.
o 1,57,066 startups recognized as of December 2024.
2. BHASKAR Platform:
o Knowledge access for startups.
3. Atal Innovation Mission (AIM) & NIDHI:
o Offers infrastructure and financial aid to innovators.
4. SAMRIDH Scheme (2021):
o Aims to fund 300 software startups with up to ₹40 lakh each.
Global Expansion:
Indian startups like BYJU’S, Zomato, Ola, and Nykaa have expanded globally, showcasing India's potential to lead innovation on the world stage.
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