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National Startup Awards to Recognize and Reward Outstanding Startups and Ecosystem Enablers (India)

Deadline: 31 December 2019

Applications are now open for the National Startup Awards 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.

Types of Award

  • Startups
  • Ecosystem Enablers

Award Categories

  • Startups
  • Ecosystem Enablers
    • For Accelerators: Recognizing Accelerators in the field of entrepreneurship development and for their efforts in supporting the startup ecosystem
    • For Incubators: Recognizing Incubators in the field of entrepreneurship development and for their efforts in supporting the startup ecosystem

Prizes

  • Startups:
    • A cash prize of Rs. 5 lakhs shall be awarded to one winning Startup in each of the Subsectors.
  • Ecosystem Enablers:
    • INCUBATORS: A cash Prize of Rs. 15 Lakh shall be awarded to one winning Incubator
    • ACCELERATORS: A cash Prize of Rs. 15 lakh shall be awarded to one winning Accelerator

Eligibility Criteria

  • For Startups:
    • The entity should be a Department for Promotion of Industry and Internal Trade (DPIIT)-recognized startup. The entity must submit their certificate of incorporation or partnership deed
    • The entity must have 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 2016-17, 17-18, 18-19) 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 2016-17, 17-18, 18-19)
  • For Incubators:
    • The Incubator should be structured as an independent entity-a Company, a Public trust or a Society
    • The Incubator should be operational at least for two years as on 1st January, 2020
    • The Incubator must have successfully graduated a minimum of 15 Startups
  • For Accelerators:
    • The Accelerator should be structured as an independent entity-a Company, a Public trust or a Society
    • The Accelerator should be operational atleast for two years as on 1st January, 2020
    • The Accelerator must have successfully graduated a minimum of 10 Startups

Rules for National Startup Awards 2020

The rules for National Startup Awards 2020 that will be strictly followed are as below:

  • Participation in the National Startup Awards is voluntary.
  • Award application form is to be filled in English only
  • By filling this form the applicant hereby declares that all the information that they have provided by way of this form is authentic and to the best of my knowledge. In the occasion that any information provided is found wanting or is not in accordance with the format in which it is requested, they stand the chance of getting disqualified from the National Startup Awards.
  • Finalists maybe subject to a legal due diligence review by independent third party evaluators. If the individual/organization refuses to such a request, Startup india holds the right to select the next highest scoring Nominee as the Award winner
  • By participating in the National Startup Awards, the startups, nominator, ecosystem enablers agrees to the Government of India’s and its partners use of its name, url, photos and videos for promotional purposes on its website and other promotional material
  • Any false information provided within the context of National Startup Awards by any entity concerning identity, mailing address, telephone number, email address, ownership of right, or non-compliance with these rules or any terms and conditions or the like may result in the immediate elimination of the entity from the Awards process
  • The decisions of the Jury and the implementation committee shall be final and binding. At the discretion of the jury , awards may not be presented in any Sector or Sub sector, if a deserving entity is not found
  • All Support Agency(s), Jury, shall sign (physically or digitally), a non-disclosure agreement with Startup India
  • DPIIT reserves the right at its sole discretion to cancel, terminate, modify, or suspend the National Startup Awards or not award any entity in any sector or sub-sector. DPIIT further reserves the right to disqualify any candidate/entity that tampers with the submission process, commits fraud or is in violation of criminal and/or civil laws
  • Allowances shall not be paid to any entity for travel or presentation before Jury

For more information, visit https://www.startupindia.gov.in/content/sih/en/national-awards.html