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Bhubaneswar: The Department for Promotion of Industry and Internal Trade (DPIIT) is launching the second edition of the National Startup Awards(NSA) 2021.
NSA 2021 is an attempt to acknowledge the efforts, initiatives and resilience demonstrated by the several startups over the period of unprecedented challenges during the COVID-19 pandemic.
This time additional categories have been introduced to NSA 2021. “ It also aims to recognise innovations focussed towards indigenisation of key products essential for realisation of an AatmaNirbhar Bharat. The applications for the awards are open till January 31, 2021,” read an official notification.
As per official sources, the awards for startups will be given in 49 areas classified into 15 broad sectors.
The 15 sectors include- Agriculture, Animal Husbandry, Drinking Water, Education and Skill Development, Energy, Enterprise Systems, Environment, FinTech, Food Processing, Health and Wellness, Industry 4.0, Security, Space, Transport and Travel.
Besides, there are six special awards for startups from educational institutions making impact in rural areas, women entrepreneurs, potential for import substitution, innovation for combatting COVID-19 and content delivery in Indian languages. It will also reward exceptional incubator and accelerator as key building blocks of a robust startup ecosystem.
A cash prize of Rs 5 lakh each will be awarded to the winning startup 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 startup events.
A cash prize of Rs 15 lakh each will be awarded to one winning incubator and one winning accelerator as well, the notification added.
DPIIT had initiated the first ever National Startup Awards in 2019 with a view 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 details of the application process may be seen at www.startupindia.gov.in.
(With PIB Inputs)
