The government plans to promote more than 10,000 startups over the next five to six years through its GENESIS (Gen-Next Support for Innovative Startups) initiative, according to Alkesh Kumar Sharma, Secretary of the Ministry of Electronics and Information Technology (MeitY) (August 30).
“We are now moving to the next level where GENESIS is coming… “In the next 5-6 years, we plan to promote 10,000 startups,” Sharma told the news agency PTI. Sharma allegedly made the remarks while speaking at an interactive session hosted by MeitY Startup Hub (MSH) and attended by other senior bureaucrats from the ministry. Representatives from startups such as KidEx, Teralumens, iMumz, Recur Club, and AyuRhytm were also present.