Context:
“Global Unicorn Index 2024” released
Global Unicorn Index:
- Global Unicorn Index – Ranking of the world’s start-ups founded in 2000s.
- Released by – Hurun Research Institute
- Unicorns – Privately held, venture-capital backed startups that have reached a value of $1 billion.
Key findings of Global Unicorn Index 2024:
- The number of startups in India with a valuation of over $1 billion has dropped for the first time in 4 years
- Despite the decline, India continues to be the 3rd largest hub for unicorns worldwide after USA and China
- India lacks unicorns in Aerospace or SpaceTech sector.
- Despite the drop in the number of Indian unicorns, there have been some new additions to the list, such as the artificial intelligence platform
Important Initiatives:
- Start Up India Fund
- National Startup Advisory Council
- Atal New India Challenge
- iCREST (Incubator Capabilities Enhancement program for a Robust Ecosystem)
- Fisheries Startup Grand Challenge
Source: India Today
Previous Year Question
Atal innovation mission is set up under the:
[UPSC Civil Service Exam – 2019 Prelims]
(a) Department of science of technology
(b) Ministry of labour and employment
(c) NITI Ayog
(d) Ministry of skill development and entrepreneurship
Answer: (c)
