SAMRIDH (Syllabus: GS Paper 3 – Economy)
Context: MeitY has launched the 2nd Cohort of its Startup Accelerators program for Product Innovation, Development, and Growth (SAMRIDH).
SAMRIDH
- About: It is a flagship programme of MeitY for startups acceleration under National Policy on Software Products – 2019.
- Launched: August 2021
- Aim: To support 300 software product startups with outlay of ₹99 crore over a period of 4 years.
- Implemented by: MeitY Start-up Hub (MSH), Digital India Corporation (DIC).
- Eligibility Criteria for Accelerator:
oMust be a registered Section-8/Society or Not-for-Profit Company (eligible to hold equity) with operations in India.
oThe Accelerator and its team should have over 3 years of startup experience, having supported more than 50 startups, with at least 10 receiving external investment.
oRequired to have experience in running startup program cohorts with activities aligned with the SAMRIDH program’s desirable criteria.
- Strategic Impact:
oFocus Areas: Enhances software product startups' market readiness and growth potential.
oNational Policy Alignment: Supports the goals of the National Policy on Software Products – 2019.
Second Cohort SAMRIDH
- About: As part of this programme, the second cohort SAMRIDH was launched September 2024.
- Agenda: It is a part of the 100-day agenda of the Government of India to select and support 125 startups through potential accelerators so as to achieve the target of nurturing 300 startups.
