Startups Current Affairs - 2020

Chunauti: Next Generation Start Up Challenge contest

On August 28, 2020, the Government of India launched “Chunauti”, the next generation start up challenge contest. Around 300 start ups working in select areas are to be identified and provided with seed fund up to Rs 25 lakhs. Highlights The challenge is launched with a special focus on Tier-II towns. Chunauti is Challenge Hunt Read More…

India’s first in-orbit space debris monitoring and tracking system

A Space start up called the Digantara has developed India’s first in-orbit space debris monitoring and tracking system. The system works on LIDAR (Light Detection and Ranging) technology. Highlights The system developed by the start up will provide global real-time earth surveillance. This is to be achieved by deploying a constellation of cost-efficient nano satellites Read More…

Atal Innovation Mission: To promote Entrepreneurship

On June 5, 2020, the Council of Scientific and Industrial Research (CSIR) and Atal Innovation Mission came together to promote culture of innovation and entrepreneurship in areas of mutual interest. Highlights The CSIR incubators will work under Atal Innovative Mission to support world class start ups in this new project. They will work together to Read More…

CAWACH: Established by GoI to support startups working on COVID-19

The Department of Science and Technology has set up a Centre for Augmenting WAR with COVID-19 Health crisis. The centre is to be established at Rs 56 crores. Highlights The CAWACH is being established by the DST to support the start-ups. It is to be implemented by SINE, IIT Bombay. The initiative will help identify Read More…

Food Processing Scheme: 271 crores cleared by IMAC

The Inter-Ministerial Approval Committee chaired by Minister of Food Processing Shri Harsimrat Kaur has sanctioned Rs 271 crores for the CEFPPC scheme (Creation/Expansion of Food Processing and Preservation Capacities) scheme. Highlights The focus was given to projects that emphasized on linking agriculture and marketing food processing technologies. During allocation, startups were given priorities according to Read More…