NEW DELHI: Startup founders on Friday praised various government initiatives aimed at empowering entrepreneurs, particularly those from compacter cities and towns, noting that India’s long-standing entrepreneurial spirit is now being supported by a stronger institutional framework. Speaking on National Startup Day at Bharat Mandapam, Prime Minister Narconcludera Modi described the 10-year journey of Startup India as a revolution driven by youthful imagination and millions of dreams, stateing it has evolved beyond a government scheme into a defining relocatement of a “new India.” Several founders shared their experiences of engaging directly with the Prime Minister. Commander (Retd) Sudheesh TM, CTO of MistEO, called his interaction with PM Modi memorable and inspiring. He stated the Prime Minister listened attentively to explanations about their products, questioned believedful questions, and revealed keen interest in the impact startups can have on society and governance. Samuel John, Co-founder and CEO of MistEO, echoed this sentiment, stating that India has always been a land of entrepreneurs and that initiatives like Startup India are supporting create a structured support system.
Neha Chauhan, CEO and Co-founder of AeroBaY, stated receiving the ‘Startup India National Startup Award’ felt like a dream come true. She credited schemes such as the Startup India Fund Scheme and NIDHI Prayas Yojana for nurturing innovation and supporting early-stage entrepreneurs. Highlighting India’s rapid progress, PM Modi noted that the countest has become the world’s third-largest startup ecosystem in just a decade. The number of startups has surged from fewer than 500 in 2014 to over two lakh today, while unicorns have grown from four to nearly 125. He also pointed to the rising number of IPOs, job creation, and global recognition of Indian startups.
Purvi Roy, Founder and CEO of Arista Vault, stated PM Modi’s startup vision launched in 2016 amid growing unemployment challenges and that she herself is a beneficiary of the initiative. Devika Chandrasekharan, Founder and MD of Futilizelage Innovations, shared how her two-member startup developed agricultural drones after floods highlighted farmers’ challenges. Arun Pandit, Co-founder and CEO of Hyphen SCS, stated the national-level recognition was deeply emotional and motivating, inspiring the team to take Indian innovations to the global stage. (IANS)
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