Applications Invited for National Startup Awards 2021

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National Startup Awards 2021

The National Startup Awards 2021 seek to recognize and reward outstanding startups and ecosystem enablers that are contributing to economic dynamism by spurring innovation and injecting competition. Startups that are building innovative products/solutions, scalable enterprises, with high potential of employment generation or wealth creation, demonstrating measurable social impact. The measure of success will not only be the financial gains for the investors but also the contribution to the social good.

STARTUPS:

Prize:

• A cash prize of INR 5 lakh shall be awarded to one winning Startup in each of the subsectors
• The Winners and Runners up shall be given priority for participation in various National and International Startup events sponsored by DPIIT

Eligibility Criteria:

Startups -

• The entity should be a DPIIT-recognized startup. The entity must submit their certificate of incorporation or partnership deed
• The entity must have hardware or software product or a process solution that is present in the market
• The entity must have all applicable trade trade-specific registrations (example: CE, FSSAI, MSME, GST Registration, etc.)
• There should not have been any default in the last three years (FY17-18, 18-19, 19-20) by the entity or any of its promoters or any of their group entities
• The entity must submit Audited Financial Statements (Balance Sheet, Profit & Loss Account) for the last three financial years (FY 2017-18, 18-19, 19-20). In case of unavailability of audited financial statements for FY 2019-20, entity may submit provisional financial statement for FY 2019-20 issued by a chartered accountant

ECOSYSTEM ENABLERS:

Prize:

• INCUBATORS - Cash prize of INR 15 lakh shall be awarded to one winning Incubator
• ACCELERATORS  - Cash prize of INR 15 lakh shall be awarded to one winning Accelerator

Eligibility Criteria:

Incubators -

• The Incubator should be structured as an independent entity-a section 8 company, a Public trust, or a Society
• The Incubator should be operational at least for two years as on 30th November 2020
• The Incubator must have successfully graduated a minimum of 15 Startups

 Accelerators -

• The Accelerator should be structured as an independent entity- A Public trust, or a Society
• The Accelerator should be operational at least for two years as on 30th November 2020
• The Accelerator must have successfully graduated a minimum of 10 Startups

Categories:

Award Categories for Startups -

• Agriculture
• Animal Husbandry
• Drinking Water
• Education & Skill Development

Award Categories for Enablers -

For Accelerators

• Recognizing Accelerators in the field of entrepreneurship development and for their efforts in supporting the startup ecosystem

For Incubators

• Recognizing Incubators in the field of entrepreneurship development and for their efforts in supporting the startup ecosystem

Deadline: 31st January, 2021

For more information please check the Link