In order to fulfil the government’s mission to promote the spirit of entrepreneurship in the country, startup India has launched the Startup Academia Alliance program. This is a unique program that will help in fostering mentorship opportunity amongst the academic scholars as well as the startups working in the identical domain.
What is Startup Academia Alliance?
This is basically a program that aims at reducing the gap between the scientific research as well as the industrial application to help increase the efficacy of these technologies and aid in widening their impact. This helps in striving to create a lasting connection between stakeholders of the startup ecosystem, by bridging the gap between the academia and the industry and implement the third pillar. This is exactly on which the Startup India Action Plan is based, which is known as Industry-Academia Partnerships and Incubation.
The programs first phase had kick-started through partnering with The Energy and Resources Institute (TERI), Council on Energy, Regional Centre for Biotechnology, Environment and Water and TERI School of Advanced Studies. Followed with the program, all renowned scholars from such institutes from different fields like healthcare, biotechnology, renewable energy and life science were taken on board to offer guidance and mentorship to startups who worked in these relevant areas.
Let’s understand the Startup India Campaign
The initiative of this startup culture was first announced by the Indian Prime Minister Narendra Modi on 15th August 2015 that took place on the Red Fort, in New Delhi. Every activity under this initiative is monitored and implemented by the Ministry of Commerce and Industry that aims to build a strong ecosystem for nurturing innovation and startups in India that would aid in driving the economic growth factor and help in generating a large scale of employment opportunities. This campaign has an action plan which is based on three pillars that comprise of simplification and handholding, funding support and incentives and industry-academia partnership and incubation.
- Location: India
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