Startup India has launched the Startup Academia Alliance programme, which is a unique mentorship opportunity between academic scholars and startups working in similar domains, to fulfil the Indian Government’s mission to promote the spirit of entrepreneurship in the country.
The initiative aims to create lasting connections between the stakeholders of the startup ecosystem by creating a bridge between the academia and industry and implement the third pillar on which the Startup India Action Plan is based – Industry-Academia Partnerships and Incubation. The Startup Academia Alliance aims to reduce the gap between scientific research and its industrial applications in order to increase the efficacy of these technologies and widen their impact.
1. The first phase of Startup Academia Alliance was kick-started in partnership with Regional Centre for Biotechnology, The Energy and Resources Institute (TERI), Council on Energy, Environment and Water, and TERI School of Advanced Studies.
2. A total of 133 applications from relevant startups were received, out of which, 43 were shortlisted by the institutes on the basis of operational areas and technological relevance.
3. The applications for the programme were invited on the Startup India Hub, a one-stop destination for startups to apply for opportunities.
4. Emphasis was placed on finding startups that employ innovative solutions to pressing problems in diverse areas.