The “Start-up Accelerators of MeitY for pRoduct Innovation, Development and growth (SAMRIDH)”programme, was launched on August 25, 2021 by Ministry of Electronics & Information Technology.
- The objective of SAMRIDH programme is to create a conducive platform to Indian Software Product star-ups to enhance their products and securing investments for scaling their business.
- The programme is being implemented by MeitY Start-up Hub (MSH).
- The SAMRID programme will focus on accelerating the 300 start-ups by providing customer connect, investor connect, and international immersion in next three years.
- Also, an investment of up to ₹ 40 lakh to the start-up based on current valuation and growth stage of the Start-Up will be provided through selected accelerators. It will also facilitate equal matching investment by the accelerator / investor.
- The programme aims to further the Indian start-up growth which has seen the emergence of 63 Unicorns is now the third largest Unicorn hub globally with a total valuation of 168 Bn USD.
