LEAP AHEAD Initiative:
The Ministry of Electronics & Information Technology (MeitY) launched the LEAP AHEAD initiative, a collaborative effort between the Software Technology Parks of India (STPI) and The Indus Entrepreneurs (TiE) Delhi-NCR, aimed at supporting and accelerating the success of tech startups in India.
- Launchpad for Tech Entrepreneurs towards Accelerated Growth and Pioneering AHEAD (LEAP AHEAD) aims to support tech startups by offering them access to funding (up to ₹1 Crore), mentorship and global connections.
- Start-ups are companies in their early stages of operation, founded by entrepreneurs aiming to meet demand with innovative products or services.
- India has become the 3rd largest start-up ecosystem in the world after the US and China. India is home to as many as 75,000 Startups.
- Global Innovation Index: India has moved up from 81st (2015) to 46thin 2021 among 130 economies of the world.