Government Initiatives Boost Indian Startups Towards Unicorn Status

The Indian government has launched multiple initiatives to support startups, aiming to create a favorable ecosystem for their growth towards achieving unicorn status. Central to these efforts is the Research Development and Innovation (RDI) scheme, managed by the Department of Science & Technology (DST), which focuses on scaling research, development, and innovation in key technology sectors like quantum computing, AI, and biotechnology. Additionally, initiatives such as the National Quantum Mission and the National Mission on Interdisciplinary Cyber Physical Systems accelerate the development of deep-tech startups, providing funding, mentorship, and infrastructure support. The NIDHI program further offers comprehensive startup support from ideation to commercialization. These efforts have significantly enhanced the startup ecosystem, driving the emergence of unicorn companies from DST-supported programs.

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