The DIPP-led Startup India programme continued in its mission to support entrepreneurs by organising the fifth Startup India Yatra in Madhya Pradesh. The Yatra drew more than 5,000 participants with 427 startups pitching their ideas to the Yatra team.
The event culminated in a Grand Finale, with 136 shortlisted startups making final pitches. The event was held at Sri Govindram Seksaria Institute of Technology and Science in Indore, Madhya Pradesh.
The selected startups were put through an accelerator programme, where they received training in preparing pitches for the Grand Finale. As a result of the training, 71 startups received 110 incubation offers from seven incubators.
Further, cash prizes worth a total of INR 10 Lakh were awarded to 16 aspiring entrepreneurs. The prizes ranged between INR 25,000 and INR 75,000.
A Startup India Yatra van, equipped with facilities to enable individuals and startups to pitch their ideas, travelled to 13 cities across Madhya Pradesh, starting from capital city Bhopal. The aim of the Yatra was to spread awareness about Startup India and the Madhya Pradesh Startup Policy.
The Yatra started on July 17 and the van was to travel to 25 colleges and cover 10 districts and 15 institutions in a span of 30 days.