The initiative will present taking part startups from wherever within the nation an opportunity to showcase their enterprise proposition.
The successful startup will take residence Rs 40 lakh, and the primary and second runners up will win Rs 15 lakh and Rs 10 lakh, respectively.
Amazon mentioned it has collaborated with the Ministry of Ability Growth and Entrepreneurship, Nationwide Innovation Basis (an autonomous physique of the Division of Science and Expertise), and the NIF Incubation and Entrepreneurship Council, Fireplace Ventures and Freshworks to advance the target of nurturing grassroot improvements.
“India may nonetheless be the third largest startup ecosystem on the planet however ours is the ecosystem the place the grassroot innovators have equal alternatives,” mentioned Union Science and Expertise and Earth Sciences Minister Dr Jitendra Singh.
The Amazon problem is open to startups throughout all industries, verticals and enterprise fashions. The highest 250 startups will get entry to a community of startup founders, rewards from Amazon and associate organisations, and mentoring periods designed to equip them for the pitch days.
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The highest 25 startups can entry assist for market linkages, world publicity, unique rewards and perks, and a chance to showcase their companies to potential prospects, method main traders and be mentored by trade consultants, mentioned the ecommerce big.
“All through India, startups are setting new benchmarks in drawback fixing and delivering merchandise and options for patrons not simply in India, however internationally,” mentioned Manish Tiwary, Nation Supervisor, India Client Enterprise, Amazon India.
The corporate will host the third version of ‘Amazon Smbhav’ on Might 18-19 this 12 months.