STARTUPS IN INDIA
- Startup India Action Plan: An Action Plan for Startup India was unveiled on 16th January 2016. The Action Plan comprises of 19 action items spanning across areas such as “Simplification and handholding”, “Funding support and incentives” and “Industry-academia partnership and incubation”. The Action Plan laid the foundation of Government support, schemes and incentives envisaged to create a vibrant startup ecosystem in the country.
- Startup India: The Way Ahead: Startup India: The Way Ahead at 5 years celebration of Startup India was unveiled on 16th January 2021 which includes actionable plans for promotion of ease of doing business for startups, greater role of technology in executing various reforms, building capacities of stakeholders and enabling a digital Aatmanirbhar Bharat.
- Startup India Seed Fund Scheme (SISFS): Easy availability of capital is essential for entrepreneurs at the early stages of growth of an enterprise. The capital required at this stage often presents a make-or-break situation for startups with good business ideas. The Scheme aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. Rs. 945 crore has been sanctioned under the SISFS Scheme for period of 4 years starting from 2021- 22.
- Fund of Funds for Startups (FFS) Scheme: The Government has established FFS with corpus of Rs. 10,000 crore, to meet the funding needs of startups. DPIIT is the monitoring agency and Small Industries Development Bank of India (SIDBI) is the operating agency for FFS. The total corpus of Rs. 10,000 crore is envisaged to be provided over the 14th and15th Finance Commission cycles based on progress of the scheme and availability of funds. It has not only made capital available for startups at early stage, seed stage and growth stage but also played a catalytic role in terms of facilitating raising of domestic capital, reducing dependence on foreign capital and encouraging home grown and new venture capital funds.
- Credit Guarantee Scheme for Startups (CGSS): The Government has established the Credit Guarantee Scheme for Startups for providing credit guarantees to loans extended to DPIIT recognized startups by Scheduled Commercial Banks, Non-Banking Financial Companies (NBFCs) and Venture Debt Funds (VDFs) under SEBI registered Alternative Investment Funds. CGSS is aimed at providing credit guarantee up to a specified limit against loans extended by Member Institutions (MIs) to finance eligible borrowers viz. DPIIT recognised startups.
- Regulatory Reforms: Over 55 regulatory reforms have been undertaken by the Government since 2016 to enhance ease of doing business, ease of raising capital and reduce compliance burden for the startup ecosystem.
- Ease of Procurement: To enable ease of procurement, Central Ministries/ Departments are directed to relax conditions of prior turnover and prior experience in public procurement for all DPIIT recognised startups subject to meeting quality and technical specifications. Further, Government e- Marketplace (GeM) also facilitates and promotes procurement of products and services by the Government from startups.
- Self-Certification under Labour and Environmental laws: Startups are allowed to self-certify their compliance under 9Labour and 3 Environment laws for a period of 3 to 5 years from the date of incorporation.
- Income Tax Exemption for 3 years: Startups incorporated on or after 1st April 2016 can apply for income tax exemption. The recognized startups that are granted an Inter-Ministerial Board Certificate are exempted from income- tax for a period of 3 consecutive years out of 10 years since incorporation.
- Faster Exit for Startups: The Government has notified Startups as ‘fasttrack firms’ enabling them to wind up operations within 90 days vis-a-vis 180 days for other companies.
- Exemption for the Purpose Of Clause (VII)(b) of Sub-section (2) of Section 56 of the Act (2019): A DPIIT recognized startup is eligible for exemption from the provisions of section 56(2)(viib) of the Income Tax Act.
- Support for Intellectual Property Protection: Startups are eligible for fast- tracked patent application examination and disposal. The Government launched Start-ups Intellectual Property Protection (SIPP) which facilitates the startups to file applications for patents, designs and trademarks through registered facilitators in appropriate IP offices by paying only the statutory fees. Facilitators under this Scheme are responsible for providing general advisory on different IPRs, and information on protecting and promoting IPRs in other countries. The Government bears the entire fees of the facilitators for any number of patents, trademark or designs, and startups only bear the cost of the statutory fees payable. Startups are provided with an 80% rebate in filing of patents and 50% rebate in filling of trademark vis-a-vis other companies.
- Startup India Hub: The Government launched a Startup India Online Hub on 19th June 2017 which is one of its kind online platform for all stakeholders of the entrepreneurial ecosystem in India to discover, connect and engage with each other. The Online Hub hosts Startups, Investors, Funds, Mentors, Academic Institutions, Incubators, Accelerators, Corporates, Government Bodies and more.
- International Market Access to Indian Startups: One of the key objectives under the Startup India initiative is to help connect Indian startup ecosystem to global startup ecosystems through various engagement models. This has been done though international Government to Government partnerships, participation in international forums and hosting of global events. Startup India has launched bridges with around 20 countries that provides a soft- landing platform for startups from the partner nations and aid in promoting cross collaboration.
- Startup India Showcase: Startup India Showcase is an online discovery platform for the most promising startups of the country chosen through various programs for startups exhibited in a form of virtual profiles. The startups showcased on the platform have distinctly emerged as the best in their fields. These innovations span across various cutting-edge sectors such as Fintech, EnterpriseTech, Social Impact, Health Tech, EdTech, among others. These startups are solving critical problems and have shown exceptional innovation in their respective sectors. Ecosystem stakeholders have nurtured and supported these startups, thereby validating their presence on this platform.
- National Startup Advisory Council: The Government in January 2020 notified constitution of the National Startup Advisory Council to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities. Besides the ex-officio members, the council has a number of non-official members, representing various stakeholders from the startup ecosystem.
- National Startup Awards (NSA): National Startup Awards is an initiative to recognize and reward outstanding startups and ecosystem enablers that are building innovative products or solutions and scalable enterprises, with high potential of employment generation or wealth creation, demonstrating measurable social impact. Handholding support is provided to all the finalists across various tracks viz. Investor Connect, Mentorship, Corporate Connect, Government Connect, International Market Access, Regulatory Support, Startup Champions on Doordarshan and Startup India Showcase, etc.
- States’ Startup Ranking Framework (SRF): States’ Startup Ranking Framework is a unique initiative to harness strength of competitive federalism and create a flourishing startup ecosystem in the country. The major objectives of the ranking exercise are facilitating states to identify, learn and replace good practices, highlighting the policy intervention by states for promoting startup ecosystem and fostering competitiveness among states.
- Startup Champions on Doordarshan: Startup Champions program on Doordarshan is a one-hour weekly program covering stories of awardwinning/ nationally recognised startups. It is telecasted in both Hindi and English across Doordarshan network channels.
- Startup India Innovation Week: The Government organises Startup India Innovation week around the National Startup Day i.e., 16th January, with the primary goal was to bring together the country's key startups, entrepreneurs, investors, incubators, funding entities, banks, policymakers, and other national/internationalstakeholderstocelebrateentrepreneurshipandpromote innovation.
- ASCEND: Under ASCEND (Accelerating Startup Caliber & Entrepreneurial Drive), sensitization workshops on startups and entrepreneurship were conducted for all eight North Eastern States with the objective to capacitate and augment knowledge on key aspects of entrepreneurship and continue efforts towards creating a robust startup ecosystem in these States.
- The Startup India Investor Connect Portalhas been co-developed under theStartupIndiaInitiativewithSIDBI,servingasanintermediaryplatformthat links startups and investors in order to help entrepreneurs from various industries, functions, stages, regions, and backgrounds in mobilizing capital. The portal has been built with the aim to enable in particular; early-stage startups located anywhere in the country to showcase themselves to leading investors/ venture capital funds.
- National Mentorship Portal (MAARG): In order to facilitate accessibility to mentorship for startups in every part of the country, the Mentorship, Advisory, Assistance, Resilience, and Growth (MAARG) program has been developed and launched under the Startup India Initiative.
- MeitY Start-up Hub (MSH): A nodal entity to interconnect deep tech startup infrastructure pan India, the ‘MeitY Start-up Hub' (MSH) has been set up under Ministry of Electronics & Information Technology (MeitY). MSH is assisting incubators and startups improving their scalability, market outreach, etc. and has also established partnerships with various stakeholders paving the way for an economy built on innovation and technological advancement.
- TIDE 2.0 Scheme: Technology Incubation and Development of Entrepreneurs (TIDE 2.0) Scheme was initiated in the year 2019 to promote tech entrepreneurship through financial and technical support to incubators engaged in supporting ICT startups using emerging technologies such as IoT, AI, Block-chain, Robotics etc. The Scheme is being implemented through incubators through a three-tiered structure with an overarching objective to promote incubation activities at institutes of higher learning and premier Research & Development (R&D) organisations.
- Domain specific Centres of Excellence: MeitY has operationalised Centres of Excellence (CoEs) in diverse areas of national interest for driving self- sufficiency and creating capabilities to capture new and emerging technology areas. These domain specific CoEs act as enablers and aid in making India an innovation hub in emerging through democratisation of innovation and realisation of prototypes.
- Biotechnology Industry Research Assistance Council (BIRAC): An
Industry - academia interface agency of Department of Biotechnology, Ministry of Science & Technology is supporting biotech startups in all biotech sectors including clean energy and emerging technologies. Project based funding is provided to startups and companies for product/technology development under its key Schemes including Biotech Ignition Grant (BIG), Small Business Innovation Research Initiative (SBIRI) and Biotechnology Industry Partnership Programme (BIPP). Incubation support to the startups and companies is also provided through Bioincubators Nurturing Entrepreneurship for Scaling Technologies (BioNEST) Scheme.
- SAMRIDH Scheme: MeitYh as launched the ‘Start-up Accelerator
Programme of MeitY for Product Innovation, Development and Growth (SAMRIDH)’ with an aim to support existing and upcoming Accelerators to further select and accelerate potential software product-based startups to scale.
- Next Generation Incubation Scheme (NGIS): NGIS has been approved to support software product ecosystem and to address a significant portion of National Policy on Software Product (NPSP) 2019.
- Support for International Patent Protection in E&IT (SIP-EIT) Scheme: MeitY had initiated a scheme titled “Support for International Patent Protection in E&IT (SIP-EIT) that encourages international patent filing by Indian Micro, Small and Medium Enterprises (MSMEs) and startups so as to encourage innovation and recognize the value and capabilities of global IP.
- North-East Region Entrepreneurship & Startup Summit (NERES): Ministry of Skill Development and Entrepreneurship organised NERES, an entrepreneurship and startup summit aimed at offering a platform topromising startups and aspiring entrepreneurs across North-East Region (NER). The objective of NERES was aimed at stirring up entrepreneurial minds across the NER states and promotes startup entrepreneurs by offering them a platform to pitch their business ideas and also addressing various challenges faced by the startups. The programme provided a platform for aspiring and existing entrepreneurs/startups to participate and showcase their business ideas and plan. It also helped them to learn more about the good practices and network with fellow startups. The programme has paved the way for startups and entrepreneur to seek support from mentors and an ecosystem that support their business growth.
- Atal Innovation Mission: The Atal Innovation Mission (AIM) is a flagship initiative of the Government, set up by NITI Aayog to promote innovation and entrepreneurship across the length and breadth of the country.AIM has established Atal Tinkering Labs (ATLs) with the objective of fostering curiosity, creativity and imagination in young minds and inculcate skills such as design mind-set, computational thinking, adaptive learning, physical computing, rapid calculations, measurements etc.
- National Initiative for Developing and Harnessing Innovations (NIDHI): Department of Science and Technology (DST) had launched an umbrella programme called National Initiative for Developing and Harnessing Innovations (NIDHI) in 2016 for nurturing ideas and innovations (knowledge- based and technology-driven) into successful startups.
- Innovations for Defence Excellence (iDEX): iDEXwas launched by the Department of Defense Production, Ministry of Defense, to achieve self- reliance and foster innovation and technology development in Defense and Aerospace by engaging industries such as MSMEs and startups, R&D institutes and academia and providing grants to carry out R&D.
India ranks globally 3rd in Start-Up ecosystem and also in terms of number of Unicorns
Masterstroke - USD 5 trillion Economy संकल्पों को सिद्धियों में बदल जाने की बात
- Product Validation,
- Market Entry
- Building
- Pitching
- Negotiating
- Fundraising
- Bridging the Bridge
- Going Global
- Startup carnival
- Innovation to Acceleration
- SISFS (Startup India Seed Fund Scheme)
- Showcasing of Success stories
- Special Startup Award
- women entrepreneurs
- potential entrepreneurs
- Transformation of an Academician to Entrepreneur
- Journey of a Clean Tech Entrepreneur
- young innovators
- Business Incubator
Ref: PIB
The decade 2021-30 is expected to bring transformational changes for Indian Science, Technology and Innovation (STI)
India has increased the Gross Expenditure on R&D (GERD) more than three times in the last few years
India has over 5 lakh R&D personnel, the number that has shown a 40-50% increase in the last 8 years.
49 per cent of the start-ups are from tier-2 and tier-3 cities working in the fields like IT, agriculture, aviation, education, energy, health and space sectors
India ranks globally 3rd in Start-Up ecosystem and also in terms of number of Unicorns. As per the latest data, there are currently 105 unicorns, out of which 44 were born in 2021 and 19 in 2022.
In the last 8 years, Dr Jitendra Singh said, women's participation in extramural R&D has also doubled and now India occupies 3rd rank in terms of number of PhDs awarded in Science and Engineering (S&E) after the USA and China. With the shifting global powers and technology becoming the epicentre of international engagements and rulemaking,
India under Modi is living up to global benchmarks.
India in its 75th year of Independence is now home to as many as 75,000 StartUps.Modi’s special focus on Science, Technology and Innovation has fired the imagination of the youth in the country to innovate and solve problems with new ideas.
India’s startups today are not limited to only metros or big cities and added that 49 per cent of the start-ups are from tier-2 and tier-3 cities.
Startups emerging in the fields like IT, agriculture, aviation, education, energy, health and space sectors.
India ranks third among the most attractive investment destinations for technology transactions in the world as it has a strong focus on science and technology. He said, India is among the topmost countries in the world in the field of scientific research, positioned as one of the top five nations in the field for space exploration and also actively engaged in emerging technologies such as quantum technologies, artificial intelligence etc.
The impact and outcome of DST’s program on innovation and entrepreneurship has been significant: promoting 160 incubators, nurturing 12,000 startups including 1627 women led Startups, generating 1,31, 648 jobs.
India has created a massive jump in its global ranking of Global Innovation Index (GII) from 81st in the year 2015 to 46th in 2021 among 130 economies of the world. India ranks 2nd among 34 lower middle-income economies and 1st among 10 Central and Southern Asian economies in terms of GII. The consistent improvement in the GII ranking is owing to the immense knowledge capital, the vibrant start-up ecosystem, and some outstanding work done by the public and private research organisations.
India in recent 7-8 years made some unprecedented progress in STI areas and there has been a significant rise in the country's overall performance in terms of a number of publications (globally ranked 3rd now from 6th in 2013 based on National Science Foundation database), patents (globally ranked 9th in terms of resident patent filing) and quality of research publications (globally ranked 9th now from 13th in 2013) during the last 7 years.
Startup India - PM launches Rs 1,000 crore seed fund for start-ups
PM launches Rs 1,000 crore seed fund for start-ups
Reference: https://timesofindia.indiatimes.com/india/pm-launches-1000-crore-seed-fund-for-start-ups/articleshow/80309103.cms
Union Budget: Govt allocates Rs 830 cr for Fund of Funds for Startups
reference: https://timesofindia.indiatimes.com/trend-tracking/union-budget-govt-allocates-rs-830-cr-for-fund-of-funds-for-startups/articleshow/80632756.cms
The government has set up a Fund of Funds for Startups (FFS) The Small Industries Development Bank of India (SIDBI) is the operating agency for the FFS.
- Accelerator
- Acqui-hired
- Angel Investor: An angel investor is someone who gives the first funding to a startup. This person believes in the startup’s idea or solution and provides the entrepreneurs behind it with the money to get started.
- Bootstrapping
- Bridge Loan
- Burn Rate
- Cliff
- Co-Working Space
- Cottage Business
- Crowdfunding
- Dragon
- Early Adopters
- Exit Strategy
- Freemium
- Go Public/IPO
- Growth Hacking
- Hockey Stick
- Incubator
- Launch
- Lean
- MVP
- Pitch Deck
- Pivot
- Scalability
- Scrum
- Seed Round
- Solopreneur
- Sweat Equity
- Unicorn
- Valuation
- Accelerator-An accelerator is an organization that offers a short-term program with mentorship, resources, and even funding opportunities to help a business grow quickly.
- Acqui-hired - This startup term means that a small (and likely failing) business is purchased for its workforce.
- Angel Investor: An angel investor is someone who gives the first funding to a startup. This person believes in the startup’s idea or solution and provides the entrepreneurs behind it with the money to get started.
- Bootstrapping: it's self-funded. Especially for brand new startups, entrepreneurs will use their own savings as well as money from friends and family to get the business started.
- Bridge Loan : A bridge loan is a short-term loan — usually covering two weeks to three years — that helps a startup access money in between rounds of funding.
- Burn Rate : how quickly you are spending money compared to your capital during a determined amount of time — before doling out funding.
- Cliff :
- Co-Working Space
- Cottage Business
- Crowdfunding: Crowdfunding is an alternative, accessible, more democratic form of funding where a company sources capital from a wide range of investors and clients who put up money for a business — purely because of their immediate, individual interest in its offering.
- Dragon :
- Early Adopters
- Exit Strategy: Entrepreneurs often set up an exit strategy, which is how they plan to sell their company via mergers, acquisitions, or IPOs. Doing so will allow the founder to transfer ownership and make money to pay back investors.
- Freemium:
- Go Public/IPO
- Growth Hacking
- Hockey Stick
- Incubator: An incubator offers businesses resources and mentorship to get through some of the initial growing pains of startup life. This is a long-term program, unlike an accelerator, typically offering startups these resources and connections in exchange for equity
- Launch
- Lean
- MVP
- Pitch Deck: A presentation on key aspects of your business, including your product, target market, and business plan.
The goal is for the presentation to be short, informative, and enticing to show investors you have a great, sustainable idea that will give them a great return on their investments. - Pivot: A pivot occurs when a startup makes a quick, radical shift to its business model. This could be in the product or service or even the target audience. A smaller change is called an iteration.
- Scalability:term refers to the sustainability and potential growth of a business. provide goods or services through a repeatable, viable business model.
- Scrum
- Seed Round: The seed round refers to the very first stage of venture capital funding, where a business owner finds early-stage investors. This funding round comes after finding angel investors and is followed by rounds of funding named by “series” (Series A, Series B, Series C, and so on).
- Solopreneur
- Sweat Equity : you might not even have enough funding yet to pay for employee services. Employees that risk putting in the work for a startup can still receive equity — something that could pay off big time should the company receive funding
- Unicorn: A unicorn startup is a company that is valued at $1 billion.
- Valuation:
marketing plan,
plan an app,
design a website,
or figure out your audience
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