New Delhi: India’s position as the 3rd largest startup ecosystem in the world is set to get a further boost, with the Ministry of Housing & Urban Affairs (MoHUA) preparing to provide an array of funding and incubation support to Startups to strengthen the sanitation and waste management sector.
On Tuesday, MoHUA will be felicitating these 30 startups at a conclave to be held at theAmbedkar International Centre in New Delhi. The day-long conclave will also be a platform to provide startups with a treasure trove of experience, knowledge and learnings which would help them to navigate their way in this sector and successfully take their solutions to scale.
As part of the day’s deliberations, some Urban Local Bodies will be engaging in ‘reverse pitches’ to highlight specific ground level challenges, in a bid to motivate startups to work on finding innovative solutions to the challenges. Taking the long-term approach of the government forward, some Urban Local Bodies have also evinced interest in partnering with select startups and providing them with support in the form of space for setting up facilities, market buyers’ linkages, etc, to pilot their solutions on the ground.
The day-long event will also feature learning and networking activities, exhibition by the 30 Startups showcasing their solutions, discussion on policy initiatives for promoting Startups for Garbage Free Cities, and sharing of success stories by entrepreneurs & founders of Unicorns.
The Swachh Bharat Mission – Urban being implemented by MoHUA provides special focus to innovation and encouragement for startups in a bid to adopt locally innovated, implementable solutions and business models and promote circularity in waste management.
In alignment with this long term approach, MoHUA had launched a Swachhata Startup Challenge under the ambit of the Swachh Bharat Mission-Urban, from January 2022 onwards, in partnership with the Agence Française de Développement (AFD) and the DPIIT (Department of Promotion of Industry and Internal Trade).
The Challenge aimed to harness the entrepreneurial potential of the waste management sector in India and promote an enabling environment for enterprise development. Interestingly, a bottoms-up approach had been taken by MoHUA, through a Swachh Technology Challenge introduced in December 2021.