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CHURNING THE STARTUP ENGINE
The Indianprime ministerfinallydeliverssome goddiesuponhisthoughtsforstartupculture andit
seemslike the visit toSiliconvalleyhassetthe cogworksintomotion.’STANDUPINDIA AND
STARTUP INDIA ‘is the newtrendingwordontwitterand Mr Modi is all into change the philosphy
of a typial indian fromseeker tocreator. The novel Ideatoleverage the latent technichal prowess
of indian youthanduse it tosolve the problemsof millionsisfinallyamongstus.Inastar studded
event at Vigyanbhavan( NewDelhi) Indianleadershipdeliverdawhole hostof schemes which
may helpStartupstogrow at escape velocityof Jupiter.
SOME FACTS OF
INDIAN STRATUP
 With 4,200 startups, India
ranks 3rd globally.
 Of $18 billion pumped into
Indian startups between
2010-15, $9billioncame in
2015 alone.
 9 Indian startups have been
valuedat more than a
billion dollars.
 Increase in number of
incubators: 80 in 2014, 110
in 2015;50% outside Delhi,
Bengaluru, Mumbai.
 Inmobi is the largest mobile
advertiment firm in the
world is an Indian startup
suces story
 Zomato is giving tough
competitionto the global
startups such as yelpand
winning against them in
many countries
 With the rise of new apps
such as OYO rooms ,
definetely the force iswith
INDIA
TAX INCENTIVES
 Tax exemptiononcapital gains
Exemptionsshall be givenincase capital
gainsare investedinthe fundof funds
recognizedbythe government
 In addition,existingcapital gaintax
exemptionforinvestmentinnewly
formed MSMEs by individualsshall be
extendedtoall startups
 Tax exemptiontostartupsfor3 yearsto
promote growthof startups,profitof
startups,setup afterApril 1,2016 .
CREDIT
 Creditguarantee mechanismthrough
National CreditGuarantee Trust
Company/SIDBIshall be rolledoutwitha
budgetarycorpusof INR 500 cr per year
for the nextfouryears.
 Governmentwill setupafundwithan
initial corpusof INR2500 cr anda total
corpus of INR 10000 cr overa periodof 4
years.
ACADEMIA
 To promote entrepreneurshipin
biotechnology,5newbioclusters,50 new
bioincubators,150 technologytransfer
officesand20 bioconnectofficeswillbe
established.
 Establishmentof 500 tinkeringlabswith
3D printersinuniversities
 Institutionof innovationawards(3per
state/UT) and 3 national level
 Innovationfocusedprogramfocusedfor
students- Innovationcore programshall
be initiatedtotargetschool kidswithan
outreachto 10 lakhinnovationsfrom5
lakhschools.
LEGAL ASPECTS
 Relaxednormsof publicprocurementfor
startups
 80% rebate onfilingpatentapplications
by startups
 StartupIndiaHub- Single pointcontactfor
the entire startupecosystem.
 Compliance regimebasedonself
certificationtoreduce regulatoryburden
 Fast track mechanismsof startuppatent
applicationsin ordertoallow startupsto
realize the value of theirIPRsatthe
earliestpossible
 Fasterexitsforstartupsto make it easier
for startupsto exit,provisionforfast-
trackingclosure of businesses.

STARTUP INDIA
Mr Modi mighthave hita home run ,andserveda dishsomouth wateringthateventhe skepticsme joinininthe
the party.The bignamesof Global starupssuchasNikeshAroa(Softbank),AdamNeuman(WeWork),Travis
Kalanick(Uber),&VinodDham(Pentiumseries)hailed the initiativeaspathbreakingbutthere were still some
people whothink itwill endinadisaster.The Startupworldisthe bubbleafterthe 2008 recession,as tighter
Yet “Startup India”initiative isbestthingtohave happenedforyoungistanas itfinallygivesyouth
motivationtostartyour ownventure tobe yourownboss.It is the triggerwhichcan catapultIndia
to higherrealmsand helputilize the inherenttalet amongsouryouth.Yes!!manywill fail but
rememberthis the world’slargestonline retailerdidsurvive(amazon) the worstof times and
become the best.The mindsettoinnovationcomesattakingrisksanddefinationof ‘fail’(First
attemptinlearning) haschanged overtime.The initiative will help increaseriskappetiteof indians
and for the firsttime everassistinprovidingthe powerwe all seek“TO BECOME A CREATOR”.
Churning the startup engine

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Churning the startup engine

  • 1. CHURNING THE STARTUP ENGINE The Indianprime ministerfinallydeliverssome goddiesuponhisthoughtsforstartupculture andit seemslike the visit toSiliconvalleyhassetthe cogworksintomotion.’STANDUPINDIA AND STARTUP INDIA ‘is the newtrendingwordontwitterand Mr Modi is all into change the philosphy of a typial indian fromseeker tocreator. The novel Ideatoleverage the latent technichal prowess of indian youthanduse it tosolve the problemsof millionsisfinallyamongstus.Inastar studded event at Vigyanbhavan( NewDelhi) Indianleadershipdeliverdawhole hostof schemes which may helpStartupstogrow at escape velocityof Jupiter. SOME FACTS OF INDIAN STRATUP  With 4,200 startups, India ranks 3rd globally.  Of $18 billion pumped into Indian startups between 2010-15, $9billioncame in 2015 alone.  9 Indian startups have been valuedat more than a billion dollars.  Increase in number of incubators: 80 in 2014, 110 in 2015;50% outside Delhi, Bengaluru, Mumbai.  Inmobi is the largest mobile advertiment firm in the world is an Indian startup suces story  Zomato is giving tough competitionto the global startups such as yelpand winning against them in many countries  With the rise of new apps such as OYO rooms , definetely the force iswith INDIA
  • 2. TAX INCENTIVES  Tax exemptiononcapital gains Exemptionsshall be givenincase capital gainsare investedinthe fundof funds recognizedbythe government  In addition,existingcapital gaintax exemptionforinvestmentinnewly formed MSMEs by individualsshall be extendedtoall startups  Tax exemptiontostartupsfor3 yearsto promote growthof startups,profitof startups,setup afterApril 1,2016 . CREDIT  Creditguarantee mechanismthrough National CreditGuarantee Trust Company/SIDBIshall be rolledoutwitha budgetarycorpusof INR 500 cr per year for the nextfouryears.  Governmentwill setupafundwithan initial corpusof INR2500 cr anda total corpus of INR 10000 cr overa periodof 4 years. ACADEMIA  To promote entrepreneurshipin biotechnology,5newbioclusters,50 new bioincubators,150 technologytransfer officesand20 bioconnectofficeswillbe established.  Establishmentof 500 tinkeringlabswith 3D printersinuniversities  Institutionof innovationawards(3per state/UT) and 3 national level  Innovationfocusedprogramfocusedfor students- Innovationcore programshall be initiatedtotargetschool kidswithan outreachto 10 lakhinnovationsfrom5 lakhschools. LEGAL ASPECTS  Relaxednormsof publicprocurementfor startups  80% rebate onfilingpatentapplications by startups  StartupIndiaHub- Single pointcontactfor the entire startupecosystem.  Compliance regimebasedonself certificationtoreduce regulatoryburden  Fast track mechanismsof startuppatent applicationsin ordertoallow startupsto realize the value of theirIPRsatthe earliestpossible  Fasterexitsforstartupsto make it easier for startupsto exit,provisionforfast- trackingclosure of businesses.  STARTUP INDIA Mr Modi mighthave hita home run ,andserveda dishsomouth wateringthateventhe skepticsme joinininthe the party.The bignamesof Global starupssuchasNikeshAroa(Softbank),AdamNeuman(WeWork),Travis Kalanick(Uber),&VinodDham(Pentiumseries)hailed the initiativeaspathbreakingbutthere were still some people whothink itwill endinadisaster.The Startupworldisthe bubbleafterthe 2008 recession,as tighter
  • 3. Yet “Startup India”initiative isbestthingtohave happenedforyoungistanas itfinallygivesyouth motivationtostartyour ownventure tobe yourownboss.It is the triggerwhichcan catapultIndia to higherrealmsand helputilize the inherenttalet amongsouryouth.Yes!!manywill fail but rememberthis the world’slargestonline retailerdidsurvive(amazon) the worstof times and become the best.The mindsettoinnovationcomesattakingrisksanddefinationof ‘fail’(First attemptinlearning) haschanged overtime.The initiative will help increaseriskappetiteof indians and for the firsttime everassistinprovidingthe powerwe all seek“TO BECOME A CREATOR”.