India is commemorating the 10-year anniversary of the Startup India initiative, and the government has signalled plans to launch a new, updated iteration of the flagship programme to further strengthen the nation’s startup ecosystem. The initiative, originally launched to encourage entrepreneurship, innovation and ease of doing business, has been credited with catalysing the growth of thousands of startups and creating substantial employment.
According to government sources, the refreshed strategy is expected to place a greater emphasis on deep technology sectors, research and development, and global market access, areas seen as crucial for the next phase of India’s innovation journey. Policymakers are reportedly considering new incentives, regulatory reforms and support structures to help startups scale and attract larger investments.
The proposed revamp also aims to strengthen job creation and boost India’s competitiveness on the global stage, as well as encourage more startups to move from early-stage ideas to high-growth enterprises. Industry players and innovators say that updated frameworks could address pain points around funding, talent retention and access to cutting-edge technology.
The government is likely to roll out the new iteration later this year, coinciding with celebrations of the initiative’s decade of impact and accomplishments.
