Union Minister of Commerce & Industry, Consumer Affairs, Food and Public Distribution, and Textiles, Shri Piyush Goyal, during the Startup India Innovation Week chaired a unicorn roundtable to celebrate the growth of the unicorns and chart a collaborative way forward to support the growth of more unicorns in our nation. The 40 participating unicorns highlighted their learnings from their experience, factors that enabled their growth, and identified areas to boost the growth of the Indian ecosystem that can help the nation emerge as a global startup leader. Shri Piyush Goyal urged the unicorns to come together and set up a unicorn club or association that would come up with solutions for access to capital for startups in the country. The conversation focused on streamlining regulatory processes to foster a more startup friendly environment, increasing access in Tier-2/3 cities and learning from the best practices set up by financial institutions in the private sector.

Department for Promotion of Industry and Internal Trade (DPIIT), this year, celebrated the coming together of the country’s key startups, entrepreneurs, investors, policy makers and other stakeholders on innovation and entrepreneurship across the country from 10th – 18th January 2024. Marquee announcements and launches included ‘StartupShala’ - Startup India’s Accelerator Program, a 3-month long accelerator program for early-stage startups to provide them access to knowledge, network, funds, and guidance required to scale up.  Each cohort of the program will be focused on a particular sector, the first one being CleanTech and 20 startups per cohort will be handpicked by experts through an open call for application. The applications have been opened on Startup India Hub from 10th January 2024.

Startup India Innovation Week's 75+ physical events served as a catalyst for entrepreneurship, showcasing India's thriving ecosystem and igniting the dreams of countless aspiring founders. From workshops empowering women entrepreneurs to training grounds for incubator champions, the week saw mentors and mentees sharing wisdom, igniting the minds of aspiring pioneers. Several thought-provoking roundtables were conducted in several cities with stakeholder discussions, forging alliances that will shape the future startup ecosystem.

The one-to-one mentorship of startups with corporates was also launched earlier in the week. The series included exclusive handholding and guidance to shortlisted startups with the corporates in domains of financial lending and support, operations, sustainable innovations, and disruptive technology. The corporate partners on-boarded were HCL, HSBC India, Qualcomm India Private Limited, and TCS Foundation.

A virtual panel discussion was conducted with global partners of Startup India to foster innovation and sustainability. The panel stressed on the five key pillars of Innovation including Incubation, Funding and Financial Assistance, Public Private Partnership Model, Market Access and Government Infrastructure. A dedicated workshop was conducted in Mumbai, Maharashtra to sensitise startups on the benefits available to them on the Government e-Marketplace (GeM). A successful Workshop on Public Procurement was also conducted at the University of Hyderabad, Telangana, on 9th January 2024, which saw participation from over 70 entrepreneurs.

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