Will celebrate January 16 as National Startup Day, give opportunity to youth to innovate: Modi


New Delhi, Jan 15 (PTI) Describing startup units as the “Aadhaar-pillar” of New India, Prime Minister Narendra Modi on Saturday said that every year January 16 will be celebrated as National Startup Day.

Addressing the startup businessmen of various sectors in a virtual way, the Prime Minister said, “In order to reach this culture of startups to the remotest areas of the country, it has now been decided to celebrate January 16 as National Startup Day.

He also mentioned the steps taken to free the startups from the web of government processes.

As a part of ‘Azadi Ka Amrit Mahotsav’, a week long program ‘Celebrating Innovation Eco-system’, organized by Department for Promotion of Industry and Internal Trade (DPIIT) under Ministry of Commerce and Industry, from January 10 to 16 being done. Under this, the Prime Minister addressed the startup businessmen.

The Prime Minister’s Office said on Friday that the event is being organized to mark the sixth anniversary of the launch of the Startup India initiative.

“I assure you that all your suggestions, ideas and innovations will get full support from the government,” Modi said on the occasion.

He said that startups will become the pillars of New India and the country will move forward with the mantra of ‘Innovate for India’ and ‘Innovate from India’.

The Prime Minister said that India’s startups can easily reach other countries of the world, so they should not make their dreams local, but global.

The Prime Minister said, “While four thousand patents were approved in the year 2013-14, last year their number increased to more than 28 thousand. In the year 2013-14, where about 70 thousand trademarks were registered, in 2020-21 more than 2.5 lakh trademarks have been registered.

He also said that while only four thousand copyrights were given in 2013-14, last year their number has crossed 16 thousand. He said that today there are more than 60,000 startup units in the country. Last year 42 unicorns (units with a valuation of over $1 billion) were made in the country. Now India is fast moving towards scoring a ‘century’ of unicorns.

The Prime Minister said that these companies worth thousands of crores of rupees would have been self-reliant, are the hallmark of a self-confident India.

He said, “I agree, the golden age of India’s startup is starting now. The campaign that is going on in India regarding innovation has the effect that India’s ranking in the Global Innovation Index has also improved a lot. In 2015, India was ranked 81 in this ranking. Now India is ranked 46th in this index.

“Investment in research and development for future technologies is the priority of the government,” Modi said.

He said that innovation, entrepreneurship and startups are three important aspects of the massive transformation that the government is making in this decade to strengthen the ecosystem. “The first is to free entrepreneurship, innovation from the web of government processes; Second, to create an institutional mechanism to promote innovation and third, to support young innovators, entrepreneurs.

The Prime Minister said, “Our effort is to create an attraction for innovation in the country from childhood among the students, to institutionalize innovation or innovation.”

He said that whether it is the new rules related to drones, or the new space policy, the priority of the government is to give opportunities to innovation to more and more youth.