Ayush Start-up Challenge

Ayush Start-up Challenge


Ayush Start-up Challenge – Today Current Affairs

  • Recently All India Institute of Ayurveda- AIIA has launched ‘Ayush Start-up Challenge’ in association with Start-up India.
  • AYUSH Traditional and non-traditional systems of health care and treatment including Ayurveda (Ayurveda), Yoga (Yoga), Naturopathy, Unani, Siddha (Siddha), Sowa-Rigpa (Sowa-Rigpa) and Homeopathy (Homoeopathy) etc are included.

Today Current Affairs

About Ayush Start-up Challenge: The Hindu Analysis

  • It was launched to encourage start-ups and individuals working on innovations in the field of Ayurveda and alternative medicine.
  • The winners of the AYUSH Start-up Challenge will receive a cash prize and incubation support from AIIA.
  • The winner will be given a cash prize of Rs 1 lakh and the runner-up Rs 50,000.

Categories: The Hindu Analysis

3 Entry Categories for Participating Start-ups:

  • AYUSH Food Innovation
  • AYUSH Bio-Instrumentation (Hardware Solution)
  • AYUSH IT Solutions (Software Solutions)
  • There will be two winners in each of the 3 categories.

Status of AYUSH Market: The Hindu Analysis

  • The market for AYUSH sector has grown by 17% to reach US$ 18.1 billion in 2014-20.
  • In global share, India has gained the fastest growth in the AYUSH market as compared to the world and has a market share of around 2.8 per cent and is likely to remain so. Today Current Affairs.
  • The AYUSH market is currently estimated to be around US$ 10 billion and is expected to grow by 50% during the next five years.

Other schemes related to AYUSH: The Hindu Analysis

  • National AYUSH Mission
  • New portal related to AYUSH sector
  • AYUSH Entrepreneurship Program
  • Ayush Wellness Center
  • ACCR Portal and Ayush Sanjeevani App

Here we mention all information about Ayush Start-up Challenge  Today Current Affairs.

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