National Startup Day 2023: With a focus on promoting and encouraging upcoming businesses in the country, January 16 was adopted as the National Startup Day in 2022. Calling start-ups the backbone of the ‘new India’, Prime Minister Narendra Modi announced the formal adoption of this day. This year, as part of the Azadi Ka Amrit Mahotsav celebrations, several events are being organized in more than 75 places across the country, with the aim to foster a spirit of entrepreneurship and innovation by involving the startup community.
The Department for Promotion of Industry and Internal Trade and the Ministry of Commerce and Industry has marked an entire week as National Startup Week from January 10 to 16.
Startup India Innovation Week 2023 includes knowledge-sharing sessions for entrepreneurs, aspiring entrepreneurs, and other enablers, involving relevant stakeholders from the startup ecosystem such as Government officials, incubators, corporates and investors.
Startup Day aims to engage startup ecosystem stakeholders across to spur the spirit of entrepreneurship and innovation in India.
Startup India is a flagship initiative of the Government of India, intended to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. An action plan was also unveiled by Prime Minister Modi, which comprises 19 action items spanning areas such as ‘simplification and handholding,’ ‘funding support and incentives’ and ‘industry-academia partnership and incubation.’
National Startup Day 2023 Quotes from Indian entrepreneurs
“National Startup Day is a reminder of the boundless potential of entrepreneurship to create employment, drive meaningful innovation, and enable strong economic growth for the progress of our nation”, said Nishith Rastogi, Founder, and CEO, of Locus.
“The startup ecosystem has seen a shift from skepticism to nationwide adoption in the past decade, and we are now entering a new phase of exponential growth as e-commerce, digital payments, and data democratization continues to shape the future of business”, said Krutika Lal, Co-Founder & CMO, Aretto.
“In 2023, we can expect startups to be more focused on profitability and unit economics, which is an economically sustainable and profitable business model”, said Chetan Rexwal, Co-founder of Ekank Technologies.