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NATIONAL STARTUP DAY

Key Points:

National Startup Day 2022 was celebrated on six themes, namely:

  • Sustainable development
  • Building champions in manufacturing
  • Nudging the DNA
  • Technology of future
  • From local to global
  • Growing from roots

Key Points:

  • PM Modi has highlighted the steps the government has taken to support the country's start-up, including programs such as:
  • Startup India, 
  • Eliminating 'angel tax' problems, 
  • Simplifying the tax system, 
  • Organising government fundings, 
  • Approving self-certification of nine labour and three environment laws,
  • Abolition of more than 25 thousand compliances.
  • He also presented indicators and numbers indicating the growth of the startup ecosystem. 
  • 4,000 patents were awarded in 2013-14, whereas more than 28,000 patents were granted in the previous year.
  • Around 7,0000 trademarks were registered in 2013-14; by 2020-21, more than 2.5 lakh trademarks would have been registered.
  • A total of 42 startups have become unicorns.

What is a Startup?

  • It is a company or project made by an entrepreneur to seek, develop, and validate a risky business model.
  • Startups mean new businesses that aim to grow beyond just one founder.
  • Initially, beginners suffer from high uncertainty and have a high failure rate, but very few continue to be successful and influential.

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