Startup India launched Startup Academia Alliance programme to fulfill Government’s mission to promote spirit of entrepreneurship in the country. It is unique programme to foster mentorship opportunity between academic scholars and startups working in similar domains.
Startup Academia Alliance
The programme aims to reduce gap between scientific research and its industrial applications in order to increase efficacy of these technologies and widen their impact. It strives to create lasting connections between stakeholders of startup ecosystem by creating bridge between academia and industry and implement third pillar on which Startup India Action Plan is based – Industry Academia Partnerships and Incubation.
The first phase of the programme was kickstarted through partnering with The Energy and Resources Institute (TERI), Regional Centre for Biotechnology, Council on Energy, Environment and Water and TERI School of Advanced Studies. Renowned scholars from these institutes, in fields such as renewable energy, biotechnology, healthcare and life sciences were taken on board to provide mentorship and guidance to startups working in relevant arenas.
The campaign was first announced by Indian Prime Minister Narendra Modi during his 15 August 2015 address from Red Fort, in New Delhi. Activities under are implemented and monitored by Ministry of Commerce and Industry. It aims to build a strong ecosystem for nurturing innovation and startups in the country which will drive economic growth and generate large scale employment opportunities. The action plan of this campaign is based on three pillars viz. simplification and handholding, funding support and incentives and industry-academia partnership and incubation.