National Startup Day 2024

• 16 Jan 2024

National Startup Day is observed annually on 16^th January to appreciate and promote the Indian Startup Ecosystem.

• Startup India initiative was launched on 16^th 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