DPIIT Inks MoU With Startup Policy Forum (SPF) To Boost Country’s Startup Ecosystem

The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce & Industry, has entered into a landmark partnership with the Startup Policy Forum (SPF), a premier

industry organization representing India’s leading new-age companies. This strategic collaboration aims to establish India as a global hub for innovation and entrepreneurship.

A highlight of this partnership is the upcoming SPF Startup Baithak, a flagship event scheduled to take place on January 15-16, 2025, at Bharat Mandapam as part of the National Startup Week celebrations. The event will serve as a dynamic platform for fostering meaningful collaborations between DPIIT and SPF members, showcasing groundbreaking innovations, and announcing new initiatives. Furthermore, SPF will join hands with DPIIT to curate specialized immersive programs, designed to connect global investors with India’s vibrant startup ecosystem.

Speaking on the occasion, Sh. Sanjiv, Joint Secretary, Startup India, shared, “This strategic collaboration with SPF underscores DPIIT’s unflinching commitment to create a congenial atmosphere where startups could thrive and contribute immensely to India’s mission of becoming a global innovation hub. The SPF members represent the essence of India’s entrepreneurial spirit and their participation in this mission will play a crucial role in achieving the goal of developed India by 2047.”

Shweta Rajpal Kohli, President & CEO, Startup Policy Forum, expressed her enthusiasm for the partnership by stating, “This alliance is a testament to the shared vision of DPIIT and SPF to cultivate a resilient and thriving startup ecosystem. By fostering impactful collaborations, we aim to position India prominently on the global innovation map and empower entrepreneurs to unlock their full potential.”

Elaborating on the perspective of this groundbreaking initiative, Dr. Sumeet Kumar Jarangal, Director, Startup India stated, “The collaboration aims to amplify innovation, drive technology adoption, and boost manufacturing capabilities in India. By forging partnerships amongst DPIIT and SPF members, the alliance seeks to promote the Indian startup ecosystem globally on the centre stage and facilitate relationship with international stakeholders and ecosystem enablers.”

About Startup Policy Forum:
Startup Policy Forum (SPF) is an industry alliance for India's new-age companies. SPF’s members include many of India’s most successful and valuable startups including Razorpay, CRED, Groww, Zerodha, Pine Labs, OYO, Acko, Swiggy, Dream11, Mobile Premier League (MPL), Livspace, Cars24, Cardekho, Mobikwik among others.  SPF’s mission is to be a trusted partner to founders and  policymakers. It engages in policy advocacy for new age companies, promotes the Indian startup ecosystem on a global stage and brings together a curated community of leading startups and  founders. The Forum provides a platform for networking, community engagement, and consensus building, enabling startups across diverse sectors to scale both domestically and overseas.

About DPIIT:
The Department for Promotion of Industry and Internal Trade (DPIIT) is a nodal agency of the Ministry of Commerce and Industry. It plans and executes some of the federal government’s flagship initiatives including Make In India and Startup India. DPIIT is responsible for promoting and facilitating Foreign Direct Investment (FDI) in India.