Policy · Government, Defense & Space

mach33.aero has incubated 34 startups

By Startup Enthusiast · 15 June 2026

What they do

India's startup count rose to ~230,000 from ~350-400 a decade ago

Union Minister Jitendra Singh spoke at RISE Conclave 2026 in Bengaluru

Over half of startups now come from Tier-2 and Tier-3 cities

Union Minister Jitendra Singh spoke at the RISE Conclave 2026 in Bengaluru.
The theme was 'Innovation & Entrepreneurship Driven Growth for Viksit Bharat 2047'.
India now has about 230,000 startups, up from roughly 350-400 a decade ago.
Indian startups have created about 2.5 million jobs in the last 10 years.
India is the world's third-largest startup ecosystem.
The conclave brought together researchers, industry, startups, investors, academics, and policymakers.
Over 125 startups participated, many from the aerospace sector.

Singh credited PM Modi's 2015 'Startup India' call for building an entrepreneurial culture.
The Startup India initiative was formally launched in January 2016.
Later reforms opened private participation in strategic sectors and encouraged innovation careers.
Over half of India's startups now come from Tier-2 and Tier-3 cities, showing innovation is no longer limited to major urban centres.

Closer collaboration between scientific institutions and startups could create jobs, wealth, and new unicorns.
Success of RISE Conclave will be measured by technologies licensed, startups incubated, investments, collaborations, products commercialised, and jobs created.