First-ever National Startup Award 2020 by DPIIT – Diligent IAS 08/12/2019 – Posted in: Daily News – Tags: Department for Promotion of Industry and Internal Trade
National Startup Award 2020
The Department for Promotion of Industry and Internal Trade (DPIIT) is inviting applications for the first-ever National Startup Awards 2020.
Applications for this year will be open till December 31 and startups need to DPIIT-recognised to apply.
About the National Startup Award
The National Startup Awards seek to recognize and reward outstanding startups and ecosystem enablers that are building innovative products or solutions and scalable enterprises, with high potential of employment generation or wealth creation, demonstrating measurable social impact. The measure of success will not only be the financial gains for the investors but also the contribution to the social good.
The awards for startups will be given in 35 areas, classified into 12 broad sectors like agriculture, education, enterprise technology, energy, finance, food, health, Industry 4.0, space, security, tourism, and urban services. In addition, there are three special awards for startups from educational institutions, making impact in rural areas and women entrepreneurs.
National Startup Award 2020
Awards – Startups
- A cash prize of Rs. 5 lakhs shall be awarded to one winning Startup in each of the Subsectors.
- The winner and four Runner ups shall be given opportunities to present their solutions to relevant public authorities and corporates for potential pilot projects and work orders.
- The Winners and Runners up shall be given priority for participation in various National and International Startup events sponsored by DPIIT.
Awards – Ecosystem
- INCUBATORS: A cash Prize of Rs. 15 Lakh shall be awarded to one winning Incubator
- ACCELERATORS: A cash Prize of Rs. 15 lakh shall be awarded to one winning Accelerator
National Startup Award 2020
Department for Promotion of Industry and Internal Trade
DPIIT is a central government department under the Ministry of Commerce and Industry and is responsible for implementation and formulation of promotional and developmental measures for growth of the industrial sector, keeping in view the national priorities and socio-economic objectives.
Important Information
The Department in its current form came into being on 27 January 2019, when the erstwhile Department of Industrial Policy & Promotion was renamed to Department for Promotion of Industry and Internal Trade (DPIIT) after internal trade was added to its mandate.
Source: Startup India
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