A nodal organization named MeitY with the aim of promoting start-ups, technology innovation, and also the creation of Intellectual Properties.
MSH is national facilitation, coordination, and monitoring centre that appears to integrate all the start-ups, incubation centres, and innovation-related activities of MeitY.
Why did MeitY founded start-up hubs?
India has one among the world’s most vibrant start-up ecosystems with around 8000 tech start-ups, making it the world’s second largest start-up ecosystem. Hence, the main target is being given towards entrepreneurship and innovation so on give the Indian economy a lift. Ministry of Electronics and data Technology (MeitY) is facilitating a large range of Innovation and IPR-related activities round the country so as to expand this ecosystem and thus, the MeitY Startup Hub came into existence.
About Appscale Academy Launch of MeitY Startup Hub and Google
As a part of Appscale Academy, a growth and development programme for early to mid-stage entrepreneurs across India, Google and also the Ministry of Electronics and IT’s (MeitY) Startup Hub unveiled the inaugural cohort of 100 Indian start-ups. From over 400 applicants, these start-ups were selected by a panel comprising members of Nasscom, MeitY Startup Hub, and Google Play.
More than a 3rd of the start-ups in its inaugural cohort are from tier-two and tier-three cities, and over 1/2 these have a lady during a leadership role.
Around two-thirds are start-ups in sectors like health, education, gaming, social, e-commerce, and finance. There also are start-ups supporting Indian core communities in areas like business-to-business (B2B), agriculture, and parenting.
First announced in October 2021, this initiative will train the chosen start-ups through a specialized curriculum on various aspects like data safety and security practices, building successful apps for the world market, UX design, monetization, and global market expansion.
They will have access to virtual instructor-led webinars, self-learning materials, and mentorship sessions with variety of domestic and global industry specialists, yet because the choice to pitch for funding to venture capitalists.