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DPIIT organises Startup India Innovation Week 2024 from 10th-18th January 2024

The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, is set to orchestrate the Startup India Innovation Week 2024, spanning from January 10th to January 18th. This week-long initiative seeks to unite startups, entrepreneurs, investors, policymakers, and stakeholders to celebrate and advance the Indian Startup Ecosystem, culminating in the National Startup Day on January 16th, 2024.

Inaugural Address at Vibrant Gujarat Global Summit

  • Date and Venue: January 11th, 2024, at the Tenth Vibrant Gujarat Global Summit in Gandhinagar, Gujarat.
  • Speaker: Secretary, DPIIT, Shri Rajesh Kumar Singh.
  • Theme: ‘Startups Unlocking Infinite Potential’.

National Startup Day Celebrations:

  • Date: January 16th, 2024.
  • Highlights:
  1. Announcement of National Startup Awards 2023.
  2. Unveiling the 4th edition of the States’ Startup Ranking Framework.
  3. Nationwide physical events showcasing innovations with workshops, mentorship sessions, round tables, and panel discussions.

Virtual Ask Me Anything (AMA) Sessions:

  • Duration: January 10th to January 17th, 2024.
  • Participants: A diverse mix of startup ecosystem enablers, including incubators, accelerators, investors, mentors, unicorns, corporates, startups, academia, and government.
  • Objective: Facilitate knowledge-sharing and capacity-building within the startup ecosystem.

Dedicated Mentorship Sessions:

  • Focus: ‘How to Start Up.’
  • Topics: Covering essential aspects such as understanding business structures, entity incorporation processes, and business plan development.
  • Sessions: 5 scheduled during the Innovation Week.

Startup India Initiative: Milestones and Impact:

  • Launch Date: January 16th, 2016, by Prime Minister Shri Narendra Modi.
  • National Startup Day: Recognized on January 16th to underscore the significant contribution of startups to nation-building, socio-economic development, and self-reliance.
  • Current Landscape: Remarkable growth from approximately 400 startups in 2016 to an impressive count of over 1,17,000 recognized startups today.

National Startup Awards and States’ Startup Ranking

  • Awards: Acknowledging outstanding startups and ecosystem enablers with potential for significant impact on employment generation, wealth creation, and societal progress.
  • Ranking: Assessing States and UTs on their initiatives to create an environment conducive to the growth of startups.

Collaboration with Mera Yuva Bharat (MY Bharat) Initiative

  • Initiative: Promoting the MY Bharat initiative focused on youth development and youth-led progress.
  • Activities: A series of outreach endeavours during Innovation Week aimed at inspiring and guiding the youth towards entrepreneurship.

Important Questions Related to Exams

Q1. What is the primary objective of the Startup India Innovation Week 2024?
(a) To provide financial assistance to startups
(b) To unite startups, entrepreneurs, investors, and policymakers to advance the Indian Startup Ecosystem
(c) To focus solely on technological innovations
(d) To celebrate traditional Indian industries

Q2. On which date is the National Startup Day recognized, as per the Startup India Initiative?
(a) January 10th
(b) January 16th
(c) January 18th
(d) January 20th

Q3. Who is the speaker for the Inaugural Address at the Vibrant Gujarat Global Summit during the Startup India Innovation Week 2024?
(a) Prime Minister Shri Narendra Modi
(b) Secretary, DPIIT, Shri Rajesh Kumar Singh
(c) The President of India
(d) A leading Indian entrepreneur

Q4. What is the theme of the Inaugural Address at the Vibrant Gujarat Global Summit in the Startup India Innovation Week 2024?
(a) ‘Empowering Youth in India’
(b) ‘Startups Unlocking Infinite Potential’
(c) ‘Digital India: The Future’
(d) ‘Sustainable Development Goals and Startups’

Q5. When was the Startup India Initiative launched?
(a) January 16th, 2014
(b) January 16th, 2016
(c) January 16th, 2018
(d) January 16sh 2015

Q6. What is one of the major achievements of the Startup India Initiative since its launch?
(a) Introduction of a single tax system for all startups
(b) Growth from approximately 400 startups in 2016 to over 1,17,000 recognized startups today
(c) Mandatory inclusion of startups in all government projects
(d) Providing free office space to all new startups

Q7. What is the focus of the dedicated mentorship sessions scheduled during Innovation Week?
(a) Advanced technological innovations
(b) ‘How to Start Up’
(c) Marketing strategies for startups
(d) International business expansion

Q8. What is the main purpose of the National Startup Awards as part of the Startup India Initiative?
(a) To provide financial grants to all participating startups
(b) To recognize educational institutions supporting startups
(c) To acknowledge outstanding startups for their impact on employment and societal progress
(d) To award startups based solely on their annual revenue

Q9. What initiative does the Startup India Innovation Week collaborate with to promote youth development?
(a) Digital India Initiative
(b) Make in India Campaign
(c) Mera Yuva Bharat (MY Bharat) Initiative
(d) Swachh Bharat Abhiyan

Q10. What activity is part of the Virtual Ask Me Anything (AMA) Sessions during the Startup India Innovation Week?
(a) Only Q&A with the Prime Minister
(b) Exclusive interviews with celebrities
(c) Knowledge-sharing and capacity-building within the startup ecosystem
(d) Entertainment shows for startup employees

Kindly share your responses in the comment section.

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