Start-Up ecosystem in India has gathered momentum since PM Modi gave the slogan of Start-Up India Stand-Up India: MoS Jitendra Singh

Minister of State in the Prime Minister office, Dr. Jitendra Singh said that the Start-Up ecosystem in India has gathered momentum since Prime Minister Narendra Modi gave the slogan of Start-Up India Stand-Up India.  He said, from 350 odd start-ups in 2014, the number swelled to 75,000 in August, 2022.

He added that in a few months, the number of Start-Ups climbed up from 75,000 to 88,000 spread across 653 districts and generated more than nine lakh job opportunities in the country. The Minister stated this, while reviewing the preparedness of India International Science Festiva IISF, which will be held from 21st to 24th January, 2023 in Bhopal.

The Minister said, India is also home to 107 Unicorns and 23 of them emerged in 2022 itself.

He said, as per International Data, the US leads the start-up industry globally with 704 unicorns, followed by China, which had 243 unicorns, and India is catching up very fast.

Dr. Singh said, the Start-Up conclave at the IISF 2023 will have exhibits by enablers offering incubation services and shared infrastructure and there will be focused discussions for start-ups, enablers and shared infrastructure and guidance on forming start-up.