IT Ministry to nurture 125 early-stage startups with funding, mentorship [Video]

The IT Ministry on Thursday announced the second cohort of its startup accelerator where 125 early-age startups, selected and supported through potential accelerators, will be provided funding support and mentorship.

The last date to submit application under the Startup Accelerators of MeitY for Product Innovation, Development and Growth (SAMRIDH) is October 2.

In the first cohort, 22 accelerators from 12 states were selected through open calls for proposals. These accelerators then selected 5-10 startups each in the focused areas of health-tech, ed-tech, agri-tech, consumer-tech, fin-tech, software as a service (SaaS) and sustainability through a multi-level screening process.

As second cohort is part of the 100-day agenda of the government to select and support 125 startups through potential accelerators so as to achieve the target of nurturing 300 startups.

MeitY said it is working for the growth of India’s software product industry under the National Policy on Software Products (NPSP)-2019.

Launched in August 2021, the SAMRIDH programme aims …