The Results of the National Startup Awards 2020 were released by Minister of Commerce & Industry Shri Piyush Goyal on October 6, 2020.
- The Department for Promotion of Industry and Internal Trade (DPIIT) has conceived 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.
- The measure of success is not only the financial gains for the investors, but also the contribution to social good.
- The first edition of the Awards invited applications across 12 sectors, which were further sub-classified into a total of 35 categories.
- These 12 sectors are Agriculture, Education, Enterprise Technology, Energy, Finance, Food, Health, Industry 4.0, Space, Security, Tourism and Urban Services. Apart from these, startups are to be selected from those which create impact in rural areas, are women-led and founded in academic campuses.
- All applicants were evaluated against six broad parameters namely Innovation, Scalability, Economic Impact, Social Impact, Environmental Impact, and Inclusiveness and Diversity.
(PIB)
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