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Entrepreneurship development ppt on startups
1. DR. D. Y. PATIL PRATISHTHAN'S
Y. B. PATIL POLYTECHNIC
AKURDI, PUNE.
2. A
Project Entitled
Startup Guide: Government Rules and Support
Schemes
By
Vaishnavi Kadam
Rudrani Kadam
Mayuri Bidkar
Under the Guidance of
Ms. Pragati Thorat
3. Contents:
1. Introduction to the Startup Ecosystem
2. Understanding Government Regulations
3. Exploring Support Schemes
4. Conclusion
4.
5.
6.
7. • STARTUP ECOSYSTEM:
A startup ecosystem is formed by people, startups in
their various stages and various types of organizations
in a location (physical or virtual), interacting as a
system to create and scale new startup companies.
These organizations can be further divided into
categories such as universities, funding organizations,
support organizations (like incubators, accelerators, co-
working spaces etc.), research organizations, service
provider organizations (like legal, financial services
etc.) and large corporations. Local Governments and
Government organizations such as Commerce / Industry
/ Economic Development departments also play an
important role in startup ecosystem. Different
organizations typically focus on specific parts of the
ecosystem function and startups at their specific
development stage(s).
8. India is going through the era of startups, where the country is creating
a robust ecosystem for businesses and entrepreneurs. India is now called
the 'Startup Hub' as it has more than 99,000 startups, and 107 unicorn
companies worth $30 billion. Prime Minister Narendra Modi has started
several initiatives to help the budding entrepreneurs.
The government initiatives aim to provide technical support, subsidies,
financial assistance, and other services to help startups grow and mark
their presence in the global business domain. Government backing helps
startups to get worldwide recognition and attract foreign investors.
9.
10. Government schemes to support Indian startups:
Atal Innovation Mission (AIM):
The scheme was launched by the government in 2016, and the scheme aims to foster innovation as
the government creates new programs and policies to
assist start-up development in several economic areas.
The Atal Innovation Mission (AIM) grants approximately Rs 10 crores to finance firms over five
years. This scheme can be utilised by all the emerging organisations in health, agriculture, education,
transportation, etc.
Multiplier Grant Scheme (MGS):
The Department of Electronics and Information Technology initiated the Multiplier Grant
Scheme (MGS) to empower collaborative research and development among industries for the growth of
goods and services. The government gives a maximum amount of Rs 2 crore per project for a duration of
less than two years.
11. Dairy Entrepreneurship Development Scheme (DEDS)
The Department of Animal Husbandry, Fisheries, and Dairying has launched the DEDS scheme,
which aims to create self-employment in the dairy sector. The activities include milk production,
procurement, preservation, marketing, etc. The DEDS scheme offers back-end capital for bankable
projects for 25 per cent of total project cost for general category candidates and 33.33 per cent for farms
that belong to the SC/ST category.
Startup India Seed Fund Scheme
The government of India introduced this scheme in January 2021 to assist early-stage startups.
The selected entrepreneurs under this scheme will get the funding of Rs 5 crore. Startups will receive up
to Rs 20 lakhs for developing concepts or demonstrations and up to Rs 50 lakhs for growing their goods or
services. Over 1000 startups have received more than Rs 177 crore under the Startup India seed fund
scheme.
Startup India Initiative
This is one of the most popular government schemes for startups in India. The Startup India
Initiative aims to provide tax benefits to entrepreneurs for over five years.
12. Conclusion:
In closing, "Startup Guide: Government Rules & Support Schemes" has
empowered startups with the knowledge to navigate regulations and access
support effectively.
As of now, the government has recognized 114,458 startups by the
Department for Promotion of Industry and Internal Trade (DPIIT). To recognize
startups under this government scheme, the maximum age for eligible startups is
7 years; for biotechnology companies, the age is 10 years after the date of
establishment.