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How Govt is Inspiring & Incentivising Vocal for Local in Apps and Technological Solutions

vocal for local in apps and technological solutions

Prime Minister Narendra Modi in his recent Mann Ki Baat named many indigenous apps that are creating an impact across domains such as business and social media etc., His call for making India a global toy hub, citing a few examples of already existing traditional toy manufacturing centers, also became a talking point.  It is apparent that PM Modi with all these examples wants to invoke the Aatmanirbhar spirit for creating more such examples. It is not just the quoting of examples; the Modi-led government over the past few days is creating examples worth emulating as well in the pursuit of Aatmanirbhar Bharat.

Not Mere Words

The revival of national economy after the Corona crisis needs efforts from both the government and individuals. Nevertheless, PM Modi’s inspiring words citing examples of innovative efforts to spur a spirit of innovation among all is not restricted to speech. The government is at the forefront in facilitating such quests and entrepreneur spirit.

Recent measures of quality control on imported toys will pave the way for domestic manufacturers to use the situation to their advantage and emerge a prominent force in Indian market, to begin with. Currently, this is a segment which is dominated by toys imported from China. In the remote working era of the pandemic, a large number of stakeholders expressed privacy concerns over using foreign apps for video-conference. The government swung into action by throwing open a challenge for desi video-conferencing solutions which has seen one winner and altogether four players emerge in this sphere. Our article Aatmanirbhar Video Conference Solution Zooms in for India From a Small-Town gives you all the details.

Next Generation Start up Challenge

The government has already invited a contest from start up to submit their entries in five specified areas of work. The last date for entries is September 7, 2020.

“Chunauti”- Next Generation Startup Challenge Contest is aimed at giving a further boost to startups and software products with special focus on Tier-II towns of India. A budget of ₹95.03 Crore over a period of three years for this programme has been earmarked. It aims to identify around 300 startups working in identified areas and provide them seed fund of upto ₹25 Lakh and other facilities. Startups can apply by visiting the website of STPI or by clicking at the link https://innovate.stpinext.in/.

The Five Years of Pursuit

Start ups are invited to submit their entry in these five areas.

  1. Edu-Tech, Agri-Tech & Fin-Tech Solutions for masses
  2. Supply Chain, Logistics & Transportation Management
  3. Infrastructure & Remote monitoring
  4. Medical Healthcare, Diagnostic, Preventive & Psychological Care
  5. Jobs & Skilling, Linguistic tools & technologies
What Do the Selected Start ups Get?

They will get incubation facilities, mentorship, security testing facilities, access to venture capitalist funding, industry connect as well as advisories in legal, Human Resource, IPR and Patent matters. Besides seed fund of upto ₹25 Lakh, the startups will also be provided cloud credits from leading cloud service providers.

Start-ups who are in the ideation stage may be selected under the pre-incubation programme & mentored for up-to six months to evolve their business plan & solution around the proposed idea. Each Start-up under pre-incubation will be paid ₹10,000 per month upto a period of 6 months.