State govt aims to make Delhi India’s startup hub: Education minister – The Economic Times

The Economic Times


The Delhi government on Thursday said it is working towards making the national capital India’s startup hub, with a strong focus on youth-led entrepreneurship and innovation.

Education Minister Ashish Sood said the government, through the Directorate of Training and Technical Education (DTTE), is strengthening the campus-to-market ecosystem by encouraging students and young innovators to take up entrepreneurship as a mainstream career option.

He was speaking ahead of the Delhi Startup Yuva Festival, scheduled to be launched on Friday at Netaji Subhash University of Technology (NSUT) in Dwarka.

According to the minister, over 75,000 students and young innovators are currently engaged in DTTE-supported entrepreneurship and innovation programmes, with participation increasing by 25-30 per cent annually. More than 470 startups are being incubated across government-supported institutions in sectors such as technology, healthcare, sustainability, education, manufacturing and creative industries.

Sood said DTTE-supported startups generate an average of four to five direct jobs in their first year, contributing significantly to employment.

Based on early-stage estimates, these startups have collectively generated revenue of around Rs 500-Rs 600 crore, he added.