Rapid Fire
National Startup Day 2024
- 16 Jan 2024
- 1 min read
National Startup Day is observed annually on 16th January to appreciate and promote the Indian Startup Ecosystem.
- Startup India initiative was launched on 16th January, 2016, with a vision to cultivate innovation, support startups, and stimulate investments.
- The eighth anniversary in 2024 marks significant growth, with the program expanding from 400 startups in 2016 to over 1.18 lakh startups.
- Recognized entities enjoy various government benefits, such as compliance self-certification, patent application assistance, and tax exemptions.
- Notably, the SIDBI Fund of Funds scheme has granted 2,977 income tax exemptions and funded 3,658 startups, emphasizing financial support.
- The Startup India program encompasses initiatives like the Seed Fund scheme and Credit Guarantee Scheme, further aiding startups.
Read more: Startups in Emerging Technology
