Deadline: 31-Jan-21
The National Startup Awards 2021 has been launched to recognize and reward outstanding startups and ecosystem enablers that are contributing to economic dynamism by spurring innovation and injecting competition.
The award is also supporting startups that are building innovative products/solutions, scalable enterprises, with high potential of employment generation or wealth creation, demonstrating measurable social impact. The measure of success will not only be the financial gains for the investors but also the contribution to the social good.
NSA 2021 also aims to cover flagship schemes through innovations in corresponding areas, thereby solving community problems at large. Consideration is also being given to champion sectors identified by the Government of India with a focus on improving India’s manufacturing capabilities towards the mission of an “Atma Nirbhar Bharat”.
The recognized entities will benefit from such recognition, not only in terms of being able to attract more business, financing, partnerships, and talent, but also enable them to serve as a role model for other entities, budding entrepreneurs, and to inspire them to be purposeful and responsible about their socio-economic impact.
Award Categories
- Agriculture;
- Animal Husbandry;
- Drinking Water;
- Education & Skill Development;
- Energy;
- Enterprise Systems;
- Environment;
- Fintech;
- Food Processing;
- Health & Wellness;
- Industry 4.0;
- Security;
- Space;
- Transport;
- Travel.
Benefits
- Prize
- Following prizes that shall be awarded to Startups, Incubators, and Accelerators.
- Startups
- A cash prize of INR 5 lakh shall be awarded to one winning Startup in each of the Subsectors.
- The Winners and Runners up shall be given priority for participation in various National and International Startup events sponsored by DPIIT.
- Incubators
- Cash Prize of INR 15 Lakh shall be awarded to one winning Incubator.
- Accelerators
- Cash Prize of INR 15 Lakh shall be awarded to one winning Accelerator.
Eligibility Criteria
- Startups:
- The entity should be a DPIIT-recognized startup. The entity must submit its certificate of incorporation or partnership deed;
- The entity must have a hardware or software product or a process solution that is present in the market;
- The entity must have all applicable trade trade-specific registrations (example: CE, FSSAI, MSME, GST Registration, etc.);
- There should not have been any default in the last three years (FY 2017-18, 2018-19, and 2019-20) by the entity or any of its promoters or any of their group entities;
- The entity must submit Audited Financial Statements (Balance Sheet, Profit & Loss Account) for the last three financial years (FY 2017-18, 2018-19, and 2019-20).
- Incubators:
- The Incubator should be structured as an independent entity-a section 8 company, a Public trust, or a Society;
- The Incubator should be operational at least for two years as of 01st January 2021;
- The Incubator must have successfully graduated a minimum of 15 Startups.
- Accelerators:
- The Accelerator should be structured as an independent entity- A Public trust, or a Society;
- The Accelerator should be operational at least for two years as of 1st January 2021;
- The Accelerator must have successfully graduated a minimum of 10 Startups.
For more information, visit https://www.startupindia.gov.in/awards