Prof. Amitabha Bandyopadhyay is in-charge of Innovation and Incubation Center and Department of Biological Sciences and Bioengineering, IIT, Kanpur. He is also acting as a Director in the Foundation for Innovation and Research in Science and Technology (F.I.R.S.T.) took an online session on 19th may 2021 To discuss about entrepreneurship and startups .He focused on as why startups are important for the country? How they are able to create Job Opportunities and new market? One of the India’s startup Flipkart falls in the world’s Top 10 Startups. He also made us aware about the brief history of Entrepreneurship in India. When the wave of startup came in india, then the first wave was of BT and IT sector. And the second wave represents Consumerism. Presently india ranked 4th position for startup so emerging on global level. 37% startups are in Business Analytics, 59% in E commerce sector and 42% in Aggregators and Recruitment. The success rate of Startups is quite low, on an average 90% startups fail and 10 % of startups fail in their first year itself. For a scccessfulstartup we require 4 elements: • Idea • Team • Business Model • Execution Plan Different initiatives under Start up India and Make In India are: • PLI Scheme extended to 11 sectors including Medical Devices Industry • 11 new schemes to promote MSME in India. Support includes technology upgradation, innovation, skill enhancement, rural employment etc • Establishment of Manufacturing zones • CSR funds via Incubation centres for startups and MSME