From the launch of the ‘Startup India’ initiative in 2016, to the abolition of angel tax and easing of reverse flipping norms, the startup ecosystem is evolving.
India’s startup landscape has witnessed transformative growth over the past decade on the back of key policy interventions and initiatives.
From the launch of the ‘Startup India’ initiative in 2016, to the abolition of angel tax and easing of reverse flipping norms, the startup ecosystem is evolving.
As the country celebrates the 9th edition of Startup India, the ecosystem now boasts 159,000 DPIIT recognised startups and 110 unicorns, making it the third-largest globally.
TIMELINE
15 August 2015: PM Modi announced launch of ‘Startup India, Standup India’
IMAGE: Prime Minister Narednra Modi during one of the events to promote StartUp India initiative. Photograph: Press Information Bureau
January 2016: Govt officially launched ‘Startup India’
June 2016: Fund of funds for startup scheme approved with a Rs 10,000 crore corpus
2016: Govt sets up Atal Innovation Mission (AIM) to promote innovation, entrepreneurship
2020: Introduction of National Startup Awards to recognise innovative startups
April 2022: Centre launched ONDC to democratise ecommerce
July 2023: Draft National Deep Tech Startup Policy released
July 2024: Angel tax abolished
Sep 2024: Reverse flipping norms eased with Amendment to the Companies Rules, 2016
Sep 2024: Bharat Startup Knowledge Access Registry launched
Source: DPIIT and media reports
Feature Presentation: Aslam Hunani/Rediff.com
