STPI Launches LEAP AHEAD Initiative

  • Ministry of Electronics & Information Technology (MeitY) Secretary Shri S Krishnan launched.
  • A joint collaboration of Software Technology Parks of India (STPI) and The Indus Entrepreneurs (TiE) Delhi-NCR.
  • At the LEAP AHEAD summit, Delhi.
  • Game-changer for tech Start-ups that are in the scaling stage, growth stage, product diversification or planning expansion into new geographical locations.
  • Funding support of up to 1 Crore.
  • A comprehensive three-month mentorship program that combines virtual and in-person sessions.
  • Provides start-ups with access to an extensive network and personalized guidance through one-on-one mentorship sessions with seasoned investors and industry experts.
  • Will extend the LEAP AHEAD Accelerator Program to cities like Vijayawada, Chandigarh, and Bhubaneswar.
  • A knowledge report on “From Start-up to Scale Up: The Role of Digital India and Opportunities Ahead” was unveiled.
  • It is a comprehensive resource that showcases success stories of start-ups that have harnessed the potential of Digital India to create innovative solutions that address societal challenges, while also driving economic growth and job creation.
  • The event also saw seven MoUs exchanged between STPInext and ecosystem enablers.

About STPI:

  • It is an organization under Ministry of Electronics and Information Technology engaged in promoting software exports, nurturing tech start-up ecosystem and working for the dispersal of the IT/ITES Industry.
  • It has been actively involved in strengthening the start-up ecosystem in India through its Next Generation Incubation Scheme (NGIS) and 22 domain-specific Centers of Entrepreneurship innovation by providing requisite support and resources to the start-ups.

About tie Delhi-NCR:

  • It creates a positive ecosystem for entrepreneurs and investors. 
  • Conducts a wide range of programs to help entrepreneurs. It includes TiEcon, Start-up Expo, TiE Institute, TiE Young Entrepreneurs along with Special Interest Groups (SIGs) across sectors.
Posted in Current Affairs.