- India Has Walked The Talk On Improving Ease Of Doing Business Rankings: PM Narendra Modi After India leaped over 30 positions in the recently released World Bank’s ease of doing business rankings report, PM Narendra Modi is leaving no efforts to hard sell India as an investment destination. In a recent Ease of doing business event in the capital, he stated that India has walked the talk on improving the […]
- Government Extends Tax Benefits To 67 Startups Under Startup India Scheme Under its Startup India, Stand Up India program the Government of India has extended tax benefits to 67 startups till date. The announcement was made by Minister of State for Commerce and Industry CR Chaudhary. 2016 witnessed Prime Minister Narendra Modi announcing the way forward to Digital India and a big boost to the Startup […]
- Startups Can Soon Apply For Govt. Schemes Through Startup India Hub The Startup India Hub is gearing up to enable startups to apply for government schemes and venture funds directly from the platform. The move is to address the lack of awareness about government schemes and to deal with the difficulties startups face to apply for them. Talking about the new initiative Karan Anand, assistant VP […]
- DIPP Joint Secretary Rajiv Aggarwal On The IPR Evolution For Indian Startups And Its Future The Department of Industrial Policy and Promotion (DIPP) has been designated to execute the Modi Government’s ‘Startup India, Stand Up India’ mission. As such, the Startup India, Stand Up India mission requires the creation of startup founders who leverage intellectual property (IP) to increase job creation and bring in more revenue for the economy. Intellectual […]
- Nirmala Sitharaman Envisions Startup Coast For Aspiring Entrepreneurs In Karnataka The Minister of Industry and Commerce Nirmala Sitharaman is looking to set up a Startup Coast in Karnataka to facilitate entrepreneurs in South India, as part of efforts by the Indian government. As per reports, the Startup Coast will comprise two innovation centres and up to five incubation hubs in colleges. Apart from this, it […]
- NITI Aayog Looks To Set Up 1,000 Tinkering Labs NITI Aayog CEO Amitabh Kant has stated that this year, the Atal Innovation Mission (AIM) scheme will look to select 1,000 schools. They will receive a grant of about $31K (INR 20 Lakh) each. The money will be utilised to set up tinkering labs to foster innovation, as per a recent report. The report further […]
- Indian Digital Economy Has Potential To Turn $4 Tn By 2022 Indian digital economy is poised to grow to an estimated $4 Tn by 2022, as per assessment of technology companies, said a recent report. The government had earlier assumed the growth to be about $1 Tn by 2022. IT Minister Ravi Shankar Prasad said, “There was unanimity among all the participants that a $1 Tn […]
- Hyperloop India: Understanding The Pitstops And Pitfalls Of Changing Transportation One planet. Seven billion people. And only four modes of transportation. First, the wheel was invented. From the wheel came carriages. From the carriages came locomotives. And from the locomotives came high-speed trains, planes, and cars. All of which meant better, faster and newer means of moving from one place to another – for goods […]
- Hungry Foal Raises Funding From SBI Under Stand Up India Scheme Gurugram-based Hungry Foal, a for-profit social venture has raised an undisclosed amount of debt from SBI under the Stand up India Scheme. Launched in April 2016, the objective of this Stand Up India scheme is to facilitate collateral-free bank loans between $15.5K (INR 10 lakhs) and $155K (INR 1 Cr) to at least one women […]
- Govt. Revises Startup Definition: Increases Startup Age Limit From Five To Seven In a recent move, the Indian Government has further enlarged the startup definition under the purview of ‘Startup India, Standup India’ initiative announced in January 2016. From now on, the overall age limit of startups has been raised from five years to seven and has been further extended to 10 years for biotech startups. In […]
- Atal Innovation Mission – Driving Innovation At Grassroots Level Innovation distinguishes between a leader and a follower – Steve Jobs In August 2016 under the purview Startup India campaign, India’s innovation took a giant leap forward, with a jump in the Global Innovation Index rankings. India was ranked number 66 in 2016 compared to 81 in 2015, a progress of 16 spots. Apart from […]
- ‘Job Creation’ Is The New Criterion To Avail Startup India Benefits Indian startups will soon have to make an upfront declaration of the number of jobs their initiative will create in order to avail benefits under Startup India plan. Reportedly, the Central Government is planning to issue a new startup definition around job creation ability and a startup’s financial standards. As stated by a senior government […]