Here is a chance for start-ups to win cash award as Department for Promotion of Industry and Internal Trade (DPIIT) is launching the second edition of the National Startup Awards (NSA) 2021.
Acknowledging the efforts, initiatives and resilience demonstrated by the start-ups over the period of unprecedent challenges during the pandemic, additional categories have been introduced to NSA 2021.
The applications for the awards are open till 31 January 2021.
It is pertinent to mention here that Indian apparel industry has seen some of the interesting start-ups in recent years, which need to be promoted.
The awards for start-ups will be given in 49 areas classified into 15 broad sectors, including skill development, environment, Industry 4.0, energy and enterprise systems.
There are special awards for start-ups from educational institutions, making impact in rural areas, women entrepreneurs, potential for import substitution and innovation for combatting COVID-19.
A cash prize of Rs. 5 lakh each will be awarded to the winning start-up in each area.
The winner and two runners up will also be given opportunities to present their solutions to relevant public authorities and corporates for potential pilot projects and work orders. They will also be given priority for participation in various national and international start-up events.
A cash prize of Rs. 15 lakh each will be awarded to one winning incubator and one winning accelerator as well.