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        News and Press Release

        DPIIT signs MoU with private company ‘boat’ to help startups

        December 28, 2024

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        Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a strategic alliance with boAt, an Indian company in audio and wearables market. This collaboration aims to foster innovation and provide tailored support to DPIIT recognised Startups including startups in D2C and manufacturing domains.

        The key features of this mutual partnership includes: curate dedicated program(s)/ initiative(s) for mentoring startups, innovators and entrepreneurs, provide resources, guidance, and support for different milestones such as prototype development, and offer connections and insights for international expansion, wherever applicable and feasible.

        Speaking on the ocassion, Joint Secretary Startup India, Shri Sanjiv, said, “This endeavour will be instrumental in  equipping our startups with the best expertise and enormous resources to raise the bar of efficiency while contributing to India’s vision of becoming a hub for world-class manufacturing and entrepreneurship. By connecting startups with industry tycoons like boAt, we aim to foster innovation, enhance product development, and support the establishment of globally competitive brands.”

        A group of people standing in a room holding a piece of paperDescription automatically generated

        Lauding the partnership, Mr. Aman Gupta, Co-founder of boAt, revealed; “This partnership with DPIIT reflects our commitment in the 'Make in India' initiative. By joining hands with the government, we are poised to nurture a thriving ecosystem for product startups, innovators, and entrepreneurs. ”

        Public-private partnership to support recognised startups with mentoring, resources, product development and international expansion pathways to scale. Public Private Partnership established by memorandum of understanding to support DPIIT recognised startups, including D2C and manufacturing ventures, through targeted mentoring programs, provision of resources and guidance for prototype development, and facilitation of connections and insights for potential international expansion to enhance product development and global competitiveness.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Public-private partnership to support recognised startups with mentoring, resources, product development and international expansion pathways to scale.

                                Public Private Partnership established by memorandum of understanding to support DPIIT recognised startups, including D2C and manufacturing ventures, through targeted mentoring programs, provision of resources and guidance for prototype development, and facilitation of connections and insights for potential international expansion to enhance product development and global competitiveness.





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