Government of India announced National Start-up Awards 2021

Highlights:          

  • Government of India announced the winners of “National Start-up Awards 2021” and felicitated 46 start-ups for their contribution in their respective sectors.
  • Government also conferred an incubator and an accelerator with the award during this ceremony.
  • This marked the second edition of National Start-up Awards.
  • Applications were invited from 15 sectors and 49 sub-sectors, ranging from agriculture to animal husbandry and from enterprise technology to fintech.
National Start-up Awards 2021: A fact File
  • National Start-up awards seek to recognise start-ups contributing towards economic dynamism by encouraging innovation and injecting competition. 
  • It focuses on following start-ups.
  • That build innovative products or solutions
  • That are scalable enterprises, with high potential of wealth creation or employment generation
  • That demonstrates measurable social impact.
  • In fintech category’s financial inclusion sub-sector,Bengaluru-based Naffa Innovations Private Limited was declared the winner. 
  • The start-up, also called ToneTag, was founded in 2013. 
  • It provides for mobile payments using sound and near-field communication (NFC), without using internet.
  • Another winner in fintech category’s insurance sub-sector, Umbo Idtech Private Limited won the award. 
  • This start-up was founded in 2018. 
  • It has built a full-stack platform, enabling omnichannel insurance distribution for its clients.
  • In Robotics sub-sector, Sagar Defence was declared the winner. 
  • It was founded in 2015 by Mridul Babbar and Nikunj Parashar. 
  • The start-up builds autonomous navigation systems, aerial vehicles and unmanned marine.
  • In the women-led start-up category, Jaipur-headquartered Frontier Markets was honoured. 
  • It was founded in 2011 by Ajaita Singh. 
  • It is a social commerce platform that focuses on rural India.