The Department for Promotion of Industry and Internal Trade (DPIIT) announced a partnership with Rukam Capital and Bootstrap Incubation & Advisory Foundation on Monday to drive the overall growth of India’s startup ecosystem.
According to DPIIT, this partnership, formalized through a Memorandum of Understanding (MoU), aims to create specific programs and initiatives that support product startups, innovators, and entrepreneurs throughout the country.
Their efforts will focus on providing essential resources like infrastructure, mentor networks, funding opportunities, market connections, and a wide range of knowledge. They will also help startups reach important goals, such as developing prototypes, and offer strategic support to help them expand internationally.
Speaking on the occasion, Shri Sanjiv, Joint Secretary of DPIIT, stated that this partnership with Rukam Capital and Bootstrap Incubation & Advisory Foundation aims to build a stronger foundation for product startups in India. By combining industry knowledge, funding, and strategic guidance, they are creating an environment where innovators can turn their ideas into market-ready solutions. This initiative is not just about growth; it’s about helping startups compete on a global level, foster real innovation, and play a key role in India’s economic transformation.
Mr. Sanjiv also mentioned that Bootstrap Incubation & Advisory Foundation and Rukam Capital have already committed to creating specialized programs to support product startups and innovators. These programs will help emerging entrepreneurs significantly excel in their respective fields.
Meanwhile, Archana Jahagirdar, Founder and Managing Partner of Rukam Capital, added, “This partnership is a key step in strengthening India’s startup ecosystem.”
Together, we aim to provide entrepreneurs with the resources, guidance, and opportunities they need to innovate and grow their ideas, helping contribute to the country’s economic growth and global competitiveness.
