National News

New Categories Added For National Startup Awards 2021; Click For Details On Cash Award

Bhubaneswar: The Division for Promotion of Trade and Inner Commerce (DPIIT) is launching the second version of the Nationwide Startup Awards(NSA) 2021.

NSA 2021 is an try and acknowledge the efforts, initiatives and resilience demonstrated by the a number of startups over the interval of unprecedented challenges in the course of the COVID-19 pandemic.

This time extra classes have been launched to NSA 2021. “ It also aims to recognise innovations focussed towards indigenisation of key products essential for realisation of an AatmaNirbhar Bharat. The applications for the awards are open till January 31, 2021,” learn an official notification.

As per official sources, the awards for startups will likely be given in 49 areas labeled into 15 broad sectors.

The 15 sectors include- Agriculture, Animal Husbandry, Consuming Water, Training and Talent Improvement, Power, Enterprise Programs, Atmosphere, FinTech, Meals Processing, Well being and Wellness, Trade 4.0, Safety, House, Transport and Journey.

Apart from, there are six particular awards for startups from instructional establishments making impression in rural areas, girls entrepreneurs, potential for import substitution, innovation for combatting COVID-19 and content material supply in Indian languages. It would additionally reward distinctive incubator and accelerator as key constructing blocks of a strong startup ecosystem.

A money prize of Rs 5 lakh every will likely be awarded to the profitable startup in every space. The winner and two runners up will even be given alternatives to current their options to related public authorities and corporates for potential pilot initiatives and work orders. They will even be given precedence for participation in varied nationwide and worldwide startup occasions.

A money prize of Rs 15 lakh every will likely be awarded to 1 profitable incubator and one profitable accelerator as nicely, the notification added.

DPIIT had initiated the primary ever Nationwide Startup Awards in 2019 with a view to acknowledge and reward excellent startups and ecosystem enablers which might be constructing revolutionary merchandise or options and scalable enterprises, with excessive potential of employment era or wealth creation, demonstrating measurable social impression.

The small print of the applying course of could also be seen at www.startupindia.gov.in.

(With PIB Inputs)

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