DPIIT Joins Hands with Rukam Capital and Bootstrap Incubation to Boost Startup Ecosystem

Shri Sanjiv, Joint Secretary, DPIIT, emphasized that the initiative goes beyond growth, focusing on enabling startups to compete globally and drive impactful innovation.

In a significant move to advance India's startup landscape, the Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a strategic partnership with Rukam Capital and Bootstrap Incubation & Advisory Foundation. The collaboration, cemented through a Memorandum of Understanding (MoU), aims to drive the holistic growth of India's startup ecosystem by empowering product startups, innovators, and entrepreneurs.

The partnership will spearhead dedicated programs and initiatives to provide essential resources, including infrastructure, mentor networks, funding opportunities, market linkages, and access to a comprehensive knowledge repository. Additionally, startups will receive guidance on achieving crucial milestones such as prototype development and strategic support for international expansion.

Shri Sanjiv, Joint Secretary, DPIIT, emphasized that the initiative goes beyond growth, focusing on enabling startups to compete globally and drive impactful innovation. "By combining industry expertise, capital, and strategic mentorship, we are creating an environment where innovators can turn ideas into market-ready solutions. This initiative will strengthen the foundation for product startups and contribute to India's economic transformation," he stated.

Bootstrap Incubation & Advisory Foundation and Rukam Capital have pledged to launch specialized programs tailored to nurture product startups and innovators. These programs are expected to provide budding entrepreneurs with the tools and guidance necessary to excel in their respective fields.

Archana Jahagirdar, Founder and Managing Partner of Rukam Capital, highlighted the transformative potential of the partnership, stating, "This collaboration represents a pivotal step in strengthening India's startup ecosystem. Together, we aim to provide entrepreneurs with the tools, mentorship, and opportunities they need to innovate and scale their ideas, contributing to the country's economic growth and global competitiveness."

The DPIIT's latest initiative underlines its commitment to fostering a robust entrepreneurial ecosystem in India, empowering startups to achieve global prominence and drive the nation's economic progress.