The document discusses the Start Up India initiative launched by the Indian government. It aims to promote entrepreneurship and job creation in the country. Some key points:
- It provides benefits like self-certification, patent assistance, tax exemptions and funding of Rs. 10,000 crore to help startups grow.
- The initiative focuses on reducing regulatory barriers and improving access to funding to encourage more individuals to start their own businesses.
- The government aims to support startups through programs like incubators, funding schemes and improving infrastructure to build a strong startup ecosystem in India.
A business setup in business speak could be a company that helps new and startup firms to form by providing services like management coaching or workplace area.
Business incubators dissent from analysis and ability parks in their dedication to startup and early-stage firms.
A business incubator is a company that helps new and startup companies to develop by providing services such as management training or office space.The National Business Incubation Association (NBIA) defines business incubators as a catalyst tool for either regional or national economic development. NBIA categorizes their members’ incubators by the following five incubator types: academic institutions; non-profit development corporations; for-profit property development ventures; venture capital firms, and combination of the above
The success of export promotions can be judged from the growth of exports and the dynamism of the export sector. An effective export promotion should compensate for the disadvantages of the national exporters and should make the export business profitable enough to lure entrepreneurs to this sector.
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A business setup in business speak could be a company that helps new and startup firms to form by providing services like management coaching or workplace area.
Business incubators dissent from analysis and ability parks in their dedication to startup and early-stage firms.
A business incubator is a company that helps new and startup companies to develop by providing services such as management training or office space.The National Business Incubation Association (NBIA) defines business incubators as a catalyst tool for either regional or national economic development. NBIA categorizes their members’ incubators by the following five incubator types: academic institutions; non-profit development corporations; for-profit property development ventures; venture capital firms, and combination of the above
The success of export promotions can be judged from the growth of exports and the dynamism of the export sector. An effective export promotion should compensate for the disadvantages of the national exporters and should make the export business profitable enough to lure entrepreneurs to this sector.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
This chapter includes all the details of Environment & Entrepreneurial Development. The details are mentioned in short. I hope all these might help you in understanding.
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Start Up India - Stand Up India is an Government Initiative which is launched by Government of India in the year of 2016 wherein GOI is committed to provide lot of policy reforms and ease in doing business
"Start Up India... Stand Up India" is an government initiative - announced by GOI on 16th Jan 2016. For inspiring youth for the entrepreneurship & start ups.
This chapter includes all the details of Environment & Entrepreneurial Development. The details are mentioned in short. I hope all these might help you in understanding.
Profile of SIDO, SISI, NISC; Entrepreneurship and msmeIndraja Modem
entrepreneurship and msme, International financial management; Profile of SISI, Profile SIDO, profile of NISC; SIDO- Objectives, mission, vision; SISI- Objectives and functions; NISC- Objectives and functions
Start Up India - Stand Up India is an Government Initiative which is launched by Government of India in the year of 2016 wherein GOI is committed to provide lot of policy reforms and ease in doing business
"Start Up India... Stand Up India" is an government initiative - announced by GOI on 16th Jan 2016. For inspiring youth for the entrepreneurship & start ups.
This presentation cover , definition of startup , conditions need to be fulfilled, benefits of startup India policy, stages of startup, no of startup India, Karnataka startup policy, Agri startup , few examples of Agri startup
Every Details related to the Startup India ,Modi Action Plane,Latest Startup Report by government,Important points,eligible legal entity,inter ministerial board, startup that is considered eligible,Funding Related questions, top flourishing cities, most profitable type of small businesses and their net profit margins, startups that are changing the face of virtual reality in India,benefit, anylysis
Presentation on Startup India by a group of Company Secretaries- #msop #icsiccgrt
The information was collected from Startup India Portal and the official twitter handle
Startup India is a Government of India flagship initiative to build Startups and nurture innovation. Through this initiative, the Government plans to empower Startup ventures to boost entrepreneurship, economic growth and employment across India.
The Government’s Action Plan will help accelerate the growth of Startups throughout India, across all important sectors – in Tier 1, 2 and 3 cities, including semi-urban and rural areas – and includes promoting entrepreneurship among SCs/STs and women communities.
The 19-point Action Plan, organized by the Department of Industrial Policy & Promotion (DIPP), focuses both on restricting hindrances and promoting faster growth by way of:
• Simplification and Handholding
• Funding Support and Incentives
• Industry-Academia Partnership and Incubation
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The government has made continuous efforts to improve social and economic life in rural areas of India. 1.A start-up is defined as an entity existing for a period of 7 years from the date of incorporation or registration with an annual turnover of less than Rs. 25 crore in any preceding financial year.
The presentation basically focus on the policy formed/designed by Government to protect/safegaurd the ideas of small Business, Entrepreneurs and Startups.
An overview of Start-up ecosystem in India, various legal entities which can be floated. What is Start-up India plan & its benefits? Funding environment in India, Various funding options. How to shutdown/exit your venture?
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5. Why Start Up India ?
• To boost up / promote Start Up / Entrepreneurship
• To boost up Banking Sector / Finance
• To Limit State Policy Dependency for New Businesses
• To Eliminate License Raaj which hinders the growth of
Entrepreneurs – Like, Land Permissions – Foreign Investment
Proposals – Environmental Clearance
• To promote ST/SC – Women Entrepreneurships
• Core objective is to generate Maximum Employment
6. Facts & Figures
• Indian youth of Below 35 years – 800 Million (For Businesses –
35 yrs is YOUTH)
• Unemployment Rate in Indian youth is expected to be 15.5% by
the end of 1st Quarter of 2016
• India is one of the strongest countries of world in
Entrepreneurship – 48 Million New Businesses compared to 23
Millions of USA
• Average Job Creation in last 7 Years – 43 Lacs per Year
• Jobs Requirement per annum – 1.25 Cr
• In last 10 years – Due to slow down in Indian Economic Policies
and Reform Policies, Youth are less confident to start Business
& opting for Job
• To Change the Mentality of Youth from Job Seeker to JOB
CREATOR !
7. What is Start Up India ?
• Announced on 15th Aug, 2015 Independence Day – while
launched on 16th Jan, 2016.
• Campaign Name – Start Up India… Stand Up India
• Any Business / Start Up headquartered in India – Started less
than 5 Years – Having Annual turn over less than 25 Cr – will be
counted under this scheme
• Single Point of Contact for ANY ISSUE – Mobile App from 1st
April – Website Launch soon
• This campaign not only focusing on Starting up new
businesses, but will also focus on Innovativeness of the Idea
for the Start Up
8. Prime Minister Narendra Modi with Finance Minister Arun Jaitley and Commerce and
Industry Minister Nirmala Sitharaman launching the “Startup India” action plan at
Vigyan Bhawan in New Delhi on Saturday (16 JAN 2016).
9. Key Pointers - Start Up
India
• Compliance regime based on self certification
• Startup India hub
• Simplifying the startup proces
• Patent protection
• Funds of funds with a corpus of Rs 10,000 crore
• Credit Guarantee Fund
• Exemption from Capital Gains Tax
• Tax exemption for startups
• Tax exemption on investments above Fair Market Value
10. • Startup fests
• Launch of Atal Innovation Mission
• Setting up of 35 new incubators in institutions
• Promote entrepreneurship in biotechnology
• Innovation focused programmes for students
• Panel of facilitators to provide legal support and assist in filing of
patent application
• 80 per cent rebate on filing patent applications by startups
• Relaxed norms of public procurement for startups
• Faster exits for startups
Key Pointers - Start Up
India
11. Preconditions for registering as startup
Entity type
Other
Conditions
Restriction
s
Including existing entity/ies or
One Person Company which
is/are registered as Pvt. Co.
Private Limited Company
Registered Partnership Firm
Limited Liability Partnership
Entity’s Age limit: Within 5
years from the date of
incorporation
Turnover limit: Within 25 crore
at the end of financial year
Operation: Working towards innovation, development, deployment
or commercialization of new products, processes or services driven
by technology or intellectual property
o An entity formed by the splitting or reconstruction of an existing
business shall not be considered to be a startup.
o A proprietorship or a public limited company is not eligible as
startup.
12. How this will be done ?
• To gauge the Innovativeness – GOI will set up an Inter
Ministerial Board (Led by Dept of Industrial Policy &
Promotion) which will “VALIDATE” the Innovative Nature of
an Enterprise – qualifying for Start Up (On the basis of Service
/ Product)
• Incubators will be set up - to recommend the Start Up to
eligible under this Scheme
• Adding MUNDRA Initiative / Skill India / GST Regime
initiative – will take this whole campaign to the New Heights
(Due to Transparency / Ease of doing business)
• To Market it well & inspire more Start Ups, “Start Up Fest” will
be launched – Just Like an Yearly Affair like Vibrant Gujarat (To
Invite more FDI into Indian Economy)
13. BENEFITS
Benefits
• Self certification
• Startup patent
application
• Public
procurement
Big benefits
• Winding up
company
• INR 2,000 crore
credit
• INR 10,000 crore
fund
Tax exemptions
• On Income Tax for
3 years
• On Capital Gain &
on investments
above fair market
value
14. Current Scenario
• Till now, Softbank (From Japan) have invested $2 Billion into
Indian Start Ups under this scheme
• The have asked to permit them for $10 Bn
• Google has already launched a Campaign wherein TOP 3 Start
Up ideas (with highest votes) will join in Next Google
Launchpad Week
• Final Winner in this will get $100,000
15.
16. “We proposed to create a conducive environment for startups,
empower then to grow through innovation and design, create a
world class Scientific ecosystem and enable our youth to pursue their
dreams”
21. FUNDING AND
INCENTIVES
•STARTUP CAPITAL INFRASTRUCTURE FUND
•STARTUP SEED FUND
•ASSISTANCE AT IDEA
•CONCEPT GET COMMERCIALIZED
•ASSISTANCE FOR STARTUP FUNDING
•SELF – CERTIFICATION AND COMPLIANCE INCENTIVES
22. SUPPORT AND
ASSISTANCE
1. SMART CITIES AND AMRUT CITIES
2. MARKET ACCESS
• GOVERNMENT PROCUREMENT
• TRAINING PROGRAM- INNOVATION WEEK
• TIE-UPS WITH E-COMMERCE COMPANIES