Designation/Position- National Startup Awards 2021
Government of India invites application for National Startup Awards 2021 from outstanding Startups, Incubators, and Accelerators
About- First-ever National Startup Awards (‘NSA’) were concluded in October 2020, to recognize and reward outstanding startups and ecosystem enablers that are building innovative products or solutions and scalable enterprises, with high potential of employment generation or wealth creation, demonstrating measurable social impact. 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. National Startup Awards 2021
Research/Job Area- Agriculture/Animal Husbandry/Drinking water/Education & Skill Development/Energy/Enterprise Systems/Environment/FinTech/Food Processing/Health & Wellness/Industry 4.0/Security/Space/Transport/Travel
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Eligibility/Qualification–
Startups
I. The entity should be a DPIIT-recognized startup. The entity must submit its certificate of incorporation or partnership deed
II. The entity must have a hardware or software product or a process solution that is present in the market
III. The entity must have all applicable trade trade-specific registrations (example: CE, FSSAI, MSME, GST Registration, etc.)
IV. There should not have been any default in the last three years (FY 2017-18, 2018-19, and 2019-20) by the entity or any of its promoters or any of their group entities
V. The entity must submit Audited Financial Statements (Balance Sheet, Profit & Loss Account) for the last three financial years (FY 2017-18, 2018-19, and 2019-20). In case of unavailability of audited financial statements for FY 2019-20, an entity may submit a provisional financial statement for FY 2019-20 issued by a chartered accountant
Incubators
I. The Incubator should be structured as an independent entity-a section 8 company, a Public trust, or a Society
II. The Incubator should be operational at least for two years as of 01st January 2021
III. The Incubator must have successfully graduated a minimum of 15 Startups
Accelerators
I. The Accelerator should be structured as an independent entity- A Public trust, or a Society
II. The Accelerator should be operational at least for two years as of 1st January 2021
III. The Accelerator must have successfully graduated a minimum of 10 Startups.
Job/Position Description-
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.
Prize–
Following prizes that shall be awarded to Startups, Incubators, and Accelerators:
Startups–
I. A cash prize of INR 5 lakh shall be awarded to one winning Startup in each of the Sub sectors
II. The Winners and Runners up shall be given priority for participation in various National and International Startup events sponsored by DPIIT
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.
How to Apply-
For registration and online application details, please see the official notification.
Last Date for Apply– 31 January 2021
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