Five-Year Review: Union Government’s Support to Startups

The Union government has supported more than 10,000 technology startups in a massive outlay of Rs 580 crore over the last five years.

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Union Minister of State for Electronics & Information Technology Jitin Prasada stated these facts in a written reply to the Rajya Sabha.

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Under the overarching program of Startup India, it has announced various flagship schemes such as the Fund of Funds for Startups.

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It’s an identification of a dynamic vibrant culture of startups that has been built up through continued efforts of the government.

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TIDE 2.0 was launched in 2019 with the sanction of a fund of Rs 264.62 crore for five years to institutes of higher learning and premier R&D organizations.

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It further added that MeitY has operationalized 42 CoEs to make India an innovation hub for emerging technologies.

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