According to an official statement, the Centre will host the first-ever Startup India Innovation Week on Monday, bringing together the country`s top startups, entrepreneurs, investors, incubators, funding entities, banks, policymakers, and others on one platform to celebrate entrepreneurship and promote innovation, as well as to showcase entrepreneurship across India.

 

 

♦ According to a statement from the Commerce and Industry Ministry, the Department for Promotion of Industry and Internal Trade (DPIIT) will host a virtual week-long innovation celebration from January 10 to 16, which will also commemorate India`s 75th year of independence and is intended to showcase the breadth and depth of entrepreneurship across the country.

 

♦ The year 2021 has been dubbed the "Year of Unicorns" in the startup industry, with more than 40 unicorns expected to be added during the year.

 

♦ With the world`s third-largest startup ecosystem, India is establishing itself as a global innovation engine. Over 61,000 startups have been recognised by the DPIIT.

 

♦ Since 2016, these companies have created nearly 6 lakh jobs across 55 industries and 633 districts, with at least one startup from each state and territory. 45 percent of startups are based in Tier 2 and Tier 3 cities, and 45 percent are led by women.