Department for Promotion of Industry and Internal Trade (DPIIT) announced partnership with Rukam Capital and Bootstrap Incubation & Advisory Foundation on Monday to propel holistic growth of India’s startup ecosystem.

According to DPIIT, this collaboration, formalized through a Memorandum of Understanding (MoU), is aimed at creating dedicated programs and initiatives that empower product startups, innovators, and entrepreneurs across the country.

Their efforts will include providing access to critical resources such as infrastructure, mentor networks, funding opportunities, market linkages, and an extensive knowledge repository. Additionally, they will guide startups in achieving key milestones such as prototype development and offer strategic support for international expansion.

Speaking on the occasion, Shri Sanjiv, Joint Secretary, DPIIT said this collaboration with Rukam Capital and Bootstrap Incubation & Advisory Foundation is about building a stronger foundation for product startups in India. By combining industry expertise, capital, and strategic mentorship, we are creating an environment where innovators can turn ideas into market-ready solutions. This initiative is not just about growth—it’s about enabling startups to compete globally, drive meaningful innovation, and contribute to India’s economic transformation.

Pointing out further Mr. Sanjiv said that Bootstrap Incubation & Advisory Foundation and Rukam Capital have already committed to establish focused programs designed to nurture product startups and innovators, which will certainly help the budding entrepreneurs to enormously excel in their respective fields.

Meanwhile, Archana Jahagirdar, Founder and Managing Partner, Rukam Capital added, “This partnership represents a pivotal step in strengthening India’s startup ecosystem. Together, we aim to provide entrepreneurs with the tools, mentorship, and opportunities they need to innovate and scale their ideas, contributing to the country’s economic growth and global competitiveness”

MoU for startup support establishes coordinated programs delivering mentorship, infrastructure, funding, and international expansion assistance. DPIIT has signed a Memorandum of Understanding with Rukam Capital and Bootstrap Incubation & Advisory Foundation to create programs for product startups that deliver infrastructure, mentor networks, funding, market linkages, and knowledge resources, and to support prototype development and international expansion by aligning private capital and expertise with public objectives.