India, Feb. 4 -- The Government of India has issued a release:
Sl. No.
State
No. of Accelerators submitted
No. of Accelerators selected
No of Startups Accelerated
No of Startups Funded
Funds Disbursed
In INR Crores
1
Andhra Pradesh
7
1
5
5
1.81
2
Assam
3
0
-
-
-
3
Bihar
5
0
-
-
-
4
Chattisgarh
3
0
-
-
-
5
Delhi
13
2
31
28
11.42
6
Goa
3
1
14
6
2.37
7
Gujarat
12
2
13
6
2.36
8
Haryana
6
3
28
20
7.54
9
Himachal Pradesh
2
0
-
-
-
10
Jammu & Kashmir
1
0
-
-
-
11
Karnataka
25
8
69
40
15.77
12
Kerala
5
2
21
13
4.95
13
Madhya Pradesh
3
1
6
5
1.72
14
Maharashtra
20
4
26
12
5.14
15
Odisha
3
1
16
13
5.07
16
Punjab
5
0
-
-
-
17
Rajasthan
13
3
19
17
5.68
18
Sikkim
1
1
6
1
0.52
19
Tamil Nadu
18
3
35
25
9.75
20
Telangana
22
5
34
17
7.23
21
Uttar Pradesh
10
4
35
27
9.91
22
Uttarakhand
4
0
-
-
-
23
West Bengal
2
2
15
6
2.50
Total
186
43
373
241
93.75
EOI
The Startup Accelerator of MeitY for Product Innovation, Development, and Growth (SAMRIDH) programme, aims to accelerate around 300 Startups through existing and upcoming Accelerators in Health-tech, Ed-tech, Agri-tech, Consumer-tech, Fin-tech, Software as a Service (SaaS), and sustainability. Under the SAMRIDH programme, 186 accelerators submitted Expressions of Interest, leading to the selection of 43 top accelerators across 16 states. (State-wise details provided at Annexure-I)
MeitY Start-up Hub (MSH) under Digital India Corporation (DIC) monitors and evaluates the performance of selected accelerators based on quantitative and qualitative parameters of the acceleration programme, which also tracks revenue and valuation growth of supported startups on an annual basis.
SAMRIDH provides financial support of Rs.2 lakh per startup to selected accelerators, along with matching funding to startups up to a maximum of Rs.40 lakh, in accordance with programme guidelines. Of the 373 startups selected and accelerated, 241 have secured matching funding. Accelerator-wise details of startups accelerated, funded, and funds disbursed over the last five years are provided at Annexure-I.
Disclaimer: Curated by HT Syndication.
