Start-up programmes led by youth to be funded under start-up India scheme
PM Modi said the Rs. 10,000 crore fund has helped venture capital funds provide assistance of Rs. 7,000 crore to startups. This fund in the long run will ensure funding of Rs. 1 lakh crore to startups in the country.Under this initiative, startups have been registered in about 419 districts in 28 states and 6 UTs so far, out of which 44 per cent are in tier 2 and 3 cities. This shows that youth from small cities and villages can contribute to the country's growth story About 68,000 trademark registrations happened in 2013-14 and now this number has increased to over 2.5 lakh. patent registrations too have jumped to over 11,500 from 4,000 in 2013-14
Narendra Modi Says He's Making Efforts For Innovation-Friendly Systems
Modi was speaking after he and his Israeli counterpart Benjaman Netanyahu dedicated to the nation a centre for entrepreneurship and technology in Deo Dholera village near Ahmedabad.
Called the International Centre for Entrepreneurship and Technology (iCreate), a public-private partnership (PPP) venture set up to nurture entrepreneurs by providing them funds, space, mentors and other facilities.