Every year the National Startup Day is celebrated on January
PM Modi has announced that Startups are the backbone of
This is why it is essential to celebrate the day.
Also India is
celebrating Startup India Innovation Week between January 10, 2022 and January
The week celebrations are organized by Department of Promotion
Industry and Industrial Trade.
This is the first time, India is celebrating the
In 2022, the National Startup Day is celebrated on six
They are sustainable development, technology of future, from local to
global, building champions in manufacturing, nudging the DNA and growing from
The National Startup Day, 2022 focused on data collection
mechanism in agriculture, healthcare through use of technology, creating
agricultural business hubs, tackling issues related to mental health, improving
health care related technologies, space sector and job identification.
In 2013, only four thousand patents were approved.
in 2020-21, more than 28,000 patents have been registered. In 2013-14, 70,000
trademarks were registered.
However, in 2020-21 more than 2.5 lakh trademarks
Areas where Startups play major role in the country
Defence manufacturing, EV charging, infrastructure, chip
manufacturing and drone sector.
The new drone policy of Indian Government
focuses on defence startups.
The Indian Army, Navy and Air Force have placed
five hundred crore rupees worth order to the drone startups.
Role of Government of India:
The Government of India had introduced Standup India,
Startup India and Make in India to encourage the young and new entrepreneurs.
The Government of India solved the issues around Angel Tax. Also, the tax
procedures have been simplified. GoI now allows self-certification and has
removed more than 25,000 compliances.
Challenges faced by Startups in India
Lack of availability of financial resources. Lack of access
to supporting infrastructure. Regulations related to intellectual property
rights, labour laws and dispute resolution.