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Centre announced the winners of the first edition of the National Startup Awards

Saransh Pandey

Intern
  • October 07, 2020
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    The award for the startups was divided across 12 sectors such as agriculture, health, energy, and space, and was further divided into 35 categories and three special categories

The winners of the first edition of the National Startup Awards were announced by the Department for Promotion of Industry and Internal trade. It is an award that aims at recognizing entities that are building innovative products or solutions and scalable enterprises. The winners of the award include startups like Aloe Ecell Pvt. Ltd, which is a Lucknow-based startup and it has developed the world’s first eco-friendly and non-hazardous batteries from Aloe Vera, and Hyderabad-headquartered Skyroot Aerospace Pvt. Ltd for building the most cost-effective small satellite launch vehicle. 

The prize money allotted for the award was ₹500,000 and these awards were awarded to different sector enablers startups across categories for their innovative solutions aimed at tackling the real problems and challenges that are coming up in India, including those developing technologies, products, and solutions for the world, building scalable, sustainable, and responsible businesses, and delivering measurable developmental gains.  

Not only prize money but also the winners and finalists startups will get the opportunity to showcase their solutions to relevant authorities and companies for work orders and will be given the opportunity to participate in national and international startup events. 

The award for the startups was divided across 12 sectors such as agriculture, health, energy, and space, and was further divided into 35 categories and three special categories. More than 1,600 startups applied for the award which was received from across 23 states and four Union territories. The highest applications were received from Karnataka (418), followed by Maharashtra (276). 

Union minister Piyush Goyal said that “It is an effort to identify startups that have demonstrated measurable social impact and high potential of employment generation or wealth creation,". The incubator will be given the responsibility for the physical incubation of these startups for up to 3 months, mentor matchmaking, lab facility, and testing facilities. 

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