Prime Minister Narendra Modi had inaugurated the Startup India initiative on January 16, 2016, with the aim of creating a robust environment to foster innovation, support startups, and stimulate investments in the country’s startup sector.

• PM Modi had officially designated January 16 as National Startup Day in 2022.  
• 2024 marks the eighth anniversary of the Startup India programme, having expanded from around 400 startups in 2016 to over 1.18 lakh startups so far. 
• The Department for Promotion of Industry and Internal Trade, and the Ministry of Commerce and Industry have marked an entire week as National Startup Week from January 10 to 16.
• In 2024, Startup India recognised 10-18 January as Innovation Week 2024 with the theme, "Celebrating 8 Years of Innovation."