Startups and innovators who can offer technology solutions to respond to the needs of a post-Covid-19 world are maintained by the central government’s Ministry of Electronics and Information Technology (MeitY).
On Tuesday, MeitY launched a program to promote innovation in healthcare, education, medical technology and home work in order to prepare for a post-Covid-19 world.
The central government has called for proposals from innovators and startups under the Post-COVID Technology Opportunities-Related Program to Accelerate Startups (SASACT) to develop or redefine technologies, tools, systems and solutions to respond to the post-COVID -19 scenario to respond.
A fund worth Rs 9.6 billion has been set aside under SASACT, which is part of the measures MeitY put in place in response to post-pandemic demands.
“The program aims to promote startups based on information and communication technology, hardware or software in the specific context of a world after Covid-19. For example, home health care solutions, online tools and educational technology, ”said Poyni Bhatt, chairman of the Society for Innovation and Entrepreneurship (SINE) at the Indian Institute of Technology in Bombay. SINE is one of the four agencies selected by MietY to implement the program.
An Eligible Startup can claim a maximum support of up to Rs 40 lakh for the proposed technology product or solutions. A total of 40-50 proposals will be supported under the program, according to a statement from MietY. The grant will be split into two tranches that will be released gradually based on set milestones to be announced at the time the proposal is approved.
Some of the areas the government is looking for solutions include smart / digital manufacturing, including 3D printing, digital health / medtech, edutech, fintech, work from home (WFH), and other solutions addressing concerns from the post-Covid 19 scenario.