Government’s Initiatives for Startups: UPSC Daily Important Topic | 15 March 2023

Government’s Initiatives for Startups

✅Startup India Seed Fund Scheme (SISFS): It aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization.

✅National Startup Awards: It seeks to recognize and reward outstanding startups and ecosystem enablers that are contributing to economic dynamism by spurring innovation and injecting competition.

✅SCO Startup Forum: The first-ever SCO Startup Forum was launched in October 2020 to develop and improve startup ecosystems collectively.

✅Prarambh: The ‘Prarambh’ Summit aims to provide a platform to startups and young minds from around the world to come up with new ideas, innovation and invention.