DPIIT Joins Hands with Rukam Capital and Bootstrap Incubation to Strengthen India’s Startup Ecosystem
The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with Rukam Capital and Bootstrap Incubation & Advisory Foundation to drive the holistic development of India’s startup ecosystem. The collaboration, formalized through a Memorandum of Understanding (MoU), aims to launch targeted programs and initiatives that support product startups, innovators, and entrepreneurs nationwide.
Under this partnership, startups will gain access to essential resources such as infrastructure, mentorship networks, funding opportunities, market connections, and a comprehensive knowledge base. Additionally, they will receive guidance on crucial milestones like prototype development and strategic support for international expansion.
Speaking on the occasion, Shri Sanjiv, Joint Secretary at DPIIT, emphasized that the collaboration seeks to build a robust foundation for product startups in India. By integrating industry expertise, financial support, and strategic mentorship, the initiative will help innovators transform their ideas into market-ready solutions. He highlighted that beyond fostering growth, the goal is to enable startups to compete globally, drive impactful innovation, and contribute to India’s economic progress.
Further elaborating, Shri Sanjiv noted that both Rukam Capital and Bootstrap Incubation & Advisory Foundation have committed to establishing focused programs tailored to nurturing product startups and innovators. These initiatives are expected to significantly benefit aspiring entrepreneurs, helping them achieve excellence in their respective fields.
Archana Jahagirdar, Founder and Managing Partner of Rukam Capital, described the partnership as a crucial step in strengthening India’s startup ecosystem. She stated, “Together, we aim to equip entrepreneurs with the tools, mentorship, and opportunities necessary to scale their innovations, thereby contributing to India’s economic growth and enhancing its global competitiveness.”