Startup India Innovation Week: Day 1 highlights

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A seven-day long Startup-India Innovation Week to celebrate the National Startup Day started today across the nation with several events to reach ecosystem stakeholders and enablers. Following is a snap shot of events that were successfully conducted on Day 1 of the Startup India Innovation Week:
Workshop on alternative investment funds
Department for Promotion of Industry and Internal Trade (DPIIT) organized a workshop on Alternative Investment and their Central role today, chaired by Anurag Jain, Secretary, DPIIT as part of the Startup India Innovation Week 2023 at Vanijya Bhawan, New Delhi.
DPIIT has worked closely with the Ministry of Finance (MoF), Insurance Regulatory and Development Authority of India (IRDAI), and Ministry of Labour and Employment (M/o-L&E) to allow Alternative Investment Funds (AIFs) to invest in startups. The workshop focused on sensitizing representatives from Small Industries Development Bank of India (SIDBI), Insurance Regulatory and Development Authority of India (IRDAI), Employees’ Provident Fund Organisation (EPFO), Pension Fund Regulatory and Development Authority (PFRDA), Life Insurance Corporation of India (LIC), SIDBI to mobilize domestic capital into the startup ecosystem through AIFs.
ASCEND SAMAGAM
DPIIT organized the ASCEND (Accelerating Startup Calibre & Entrepreneurial Drive) SAMAGAM today as part of the Startup India Innovation Week 2023. The objective of the workshop is to capacitate and augment knowledge on key aspects of entrepreneurship and continue efforts towards creating a robust startup ecosystem in Northeast.
ASCEND Samagam is being conducted as a follow up to ASCEND Workshops organized by DPIIT for the entrepreneurs, aspiring entrepreneurs, students, and ecosystem enablers in all eight States of Northeast India during the months of November and December 2022.
Sardar Patel Technology Business Incubator (Mumbai): The centre hosted a workshop on the topic ‘The Art of Pitching’. Dinesh Israni, Naman Angels India Foundation, led the workshop which was hosted in a hybrid format. The event witnessed participation from over 40+ startups and ecosystem enablers.
SR Foundation (Warangal): The centre hosted a physical startup innovation competition at their centre ‘SR Innovation Exchange.’ Over 78 teams applied for the first round, and 30 teams were selected for the final round, which was held at the centre today. Top 5 teams were selected as winners and facilitated with cash prizes and grants in kind. Enthusiastic participants and students were in attendance for the event.

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