The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Ahmedabad CityAhmedabad Business

The central government will provide initial capital and guidance to 300 startups

by TLA August 27, 2021August 27, 2021
written by TLA August 27, 2021August 27, 2021
The central government will provide initial capital and guidance to 300 startups

Ahmedabad: To catalyze entrepreneurs and startups working on new ideas, the government plans to provide initial capital and guidance to an estimated 300 startups. The Ministry of Electronics and Information Technologies (METI) has announced the Startup Escalator for Maiti Product Innovation Development and Growth (SAM) to increase the market value of 100 startups to 1 1 billion over the next 3 years.

IT and Telecom Minister Ashwini Vaishnav said during the launch of the Samuddha program that more than 20 startups had been given mentorship earlier. Jyoti Arora, Special Secretary, IT and Electronics, said: Which was announced earlier this year.

Organizations wishing to join the scheme as escalators should be in the incubation business for at least 3 years. In addition, it should support more than 50 startups and at least 10 non-public businesses. Its operations should be in India. Which will also have the necessary space and infrastructure.

On August 7, Maiti startup Hubby partnered with India Escalator. The aim is to promote deep tech startups in the country.

With an initial capital of up to Rs 40 lakh, the six-month mentorship
government will invite selected startups for the partnership under the Samuddha program and provide them with an initial capital of up to Rs 40 lakh and a six-month mentorship to help them dominate the market. The program has been implemented under the program Maiti Startup Hub, which promotes startups in the country.

The network of incubators and startups will be
multiplied 20 times when the idea is being converted into a product and the product has been expanded. More than half of the startups cannot cross this stage for a number of reasons. The government wants to expand the network of incubators and startups 10 to 20 times. Support in the line of product development will add value to the startup.

Maiti aims to strengthen the startup ecosystem
Maiti Startup Hub has partnered with Paytm to establish a strong tech startup ecosystem in the country by providing uninterrupted support to solution based innovators in the country. The partnership aims to provide mentorship, networking, and business opportunities to startups across the country.

catalyze entrepreneursUnicorn Factory
0 comment
previous post
TAFCOP gives list of all Sim card issued to one Aadhaar number
next post
Researchers from the University of Florida in the US claim – covid-fighting antibodies can be sent to the child through the mother

You may also like

Ahmedabad Wraps Up May with a Colorful Mix...

May 30, 2025

Young international ambassadors visit Science City in Gujarat

May 30, 2025

City student wins gold and silver medals in...

May 30, 2025

BAOU students join a nationwide pledge event

May 30, 2025

Rain expected in parts of Gujarat till June...

May 30, 2025

500 Motera Homes May Be Demolished for Road...

May 29, 2025

Rottweiler That Killed Baby Dies of Tick Fever

May 29, 2025

GSSSB Extends Job Application Deadline Due to GTU...

May 29, 2025

Over 450 Illegal Structures Demolished in Ahmedabad’s Bapunagar

May 29, 2025

First for India: CEPT Team Wins 2025 ULI...

May 29, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

  • Fake Insta Profile: Man Sends Lewd Messages as Woman

    May 30, 2025
  • Illegal hookah bar found at Bru Roast Café on SG Highway, items worth ₹35,809 seized

    May 30, 2025
  • Baba Vanga’s 2025 Predictions: These Zodiac Signs May Experience a Life-Changing Year

    May 30, 2025
  • Vaxfab Enterprises Limited total income up 540% to Rs. 59.38 crore in FY2024-25

    May 30, 2025
  • Saurabh English School Hosts Enlightening Career Guidance Seminar

    May 30, 2025
August 2021
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
3031 
  Sep »
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.