Five months after it launched a policy to incentivise startup participation in rail infrastructure, the ministry of railways has received 768 startup registrations on its innovation portal.
“Till now, 13 innovation challenges have been uploaded against which good response in the form of 311 offers have been received. All the offers are being evaluated through a two-stage process and one innovation challenge has already been finalized,” the ministry said.
The offers have come from 123 startups, 80 individual innovators, 81 micro small and medium enterprises (MSMEs), and 18 research and development organisations and institutes.
Currently, railways is evaluating proposals on