Startup Current Affairs - 2020

“Demo Days Initiative”: Atal Innovation Mission to support startups

On July 14, 2020, Atal Innovation Mission of NITI Aayog coordinated and concluded the series of COVID-19 “Demo Days” initiative. The initiative will identify promising startups that have the potential of COVID-19 innovations.

Highlights

The “Demo Days” initiative was launched by Atal Innovative Mission in partnership with government bodies such as Biotechnology Industry Research Assistance Council (BIRAC), Department of Science and Technology, Department of Biotechnology (DBT), AGNI, Startup India.

About the Initiative

Under the initiative, 9 Demo Days were held on Personal Protective Equipment (PPE), medical devices, technology solutions. Around 70 startups were shortlisted under the initiative. These startups will receive support in the form of funding, supply chain and logistics and access to manufacturing abilities.

Benefits

The initiative has helped to make 340 connections involving more than 50 startups. It also helped to remove the roadblocks in commercialization and also provided suggestions for its improvement.

Van Dhan Yojana: Expanded from 18,000 Van Dhan SHGs to 50,000

On June 15, 2020, a webinar was organized by the TRIFED (Tribal Cooperative Marketing Development Federation of India). The webinar was titled “Van Dhan: Tribal Startups Bloom in India”

During the webinar, it was informed that current coverage Van Dhan scheme is to be increased from 18,000 SHGs to 50,000 SHGs. This is to be achieved through Van Dhan Start-up programme.

What is the plan?

The plan is to expand the Van Dhan SHGs and cover 10 lakh tribal gatherers. The aim is to transform tribal ecosystem as next Amul Revolution in terms of Minor Forest Produce.

Van Dhan Vikas Karyakram

The Government of India has allocated Rs 15 lakhs to every Van Dhan Vikas Karyakram centre. So far 25% to 30% of the grant has been spent on these centres.

Van Dhan

Under the Van Dhan Scheme, so far 1205 Tribal enterprises have been established. The start up scheme launched has covered 10 lakh tribal gatherers. The start ups that were started based on tribal produce are now spread across 22 states. These Startups are called Van Dhan Startups.