Snapshot
Tinkering Labs
457
Startups benefitted
3,385
Funds to Startups
960 Cr.
Query Resolutions
52,000 +
Learning & Development Users
1,40,000 +
IP Facilitators
1,000 +
Sanctioned Funds for infrastructure
828 Cr.
Startups Funded/ Facilitated (since Jan’16)
Department StartupsBenefitted
Funding Details
Committed
DBT 350 154 Cr. Incubation, Grant
MHRD 329 53 Cr. Incubation, Grant
SIDBI 65 623.5 Cr. Through Fund of Funds
DST 550 130 Cr. Incubation, seed fund
DIPP
358 - Patent/ Trademark facilitation
400 - Facilitation through Invest India
1,333 - Startups recognized
TOTAL 3,385 960.5 Cr.
Pvt. Ltd. / LLP/ Registered Partnership
Under INR 25 crore in any preceding financial year
5 years date of incorporation/registration
Innovating/ improving existing offerings
Type of firm
Validity Period
Turnover
Innovation/ B-Plan
Under INR 25 crore in any preceding financial year
7 years from the date of its incorporation/ registration (upto 10 years for startups in the
biotechnology sector)
Innovating/ improving existing offerings, or has a scalable business model with a high potential of
employment generation or wealth creation
Before After
Pvt. Ltd. / LLP/ Registered Partnership
Letter of Recommendation not required
3X jump in number of applications
Startup Definitionsimplifying the recognition process
Startups Recognized 1,333
259Maharashtra
219Delhi
197Karnataka102 Tamil Nadu
77Gujarat
74 Haryana
66Kerala
76 UP
59 Telangana
9 states cover over 85% of recognized startups
Startups given tax exemption 39
Startup Recognition
Total Queries 52,945
Call Centre 33,349
Email Query 17,703
Twitter Seva 1,893
Top 5 States
Mah
aras
htra
Del
hi
Utt
ar P
rade
sh
Guj
arat
Kar
natk
a
12%
Stand up India
9%, Ahmedabad,
Patna, Bhopal, Indore,
Bhubaneshwar
76%
Businessmen and Working Professionals
63%
General information
70%
Calls in Hindi
63%
Tier 2/3 Cities
(Srinagar, Gangtok, Porbandar, Trichur etc.)
16 %12 %
6 % 6 %
13 %
Query Resolution52,000+ since April 2016
Facilitating Successwith 400+ cases
ATHER ENERGY
• Clarity on charging infrastructure policy
• Meetings with the Govt. for resale of electricity
• Funding assistance from National Automotive Board
ANCOR RESEARCH LABS
Electric two-wheeler manufacturer
SAGAR DEFENCE ENGINEERING
• Assistance with licenses, incorporation, approvals, business development & commercial production
“Globally one of the best 10 Maritime Start Up”
Manufacture of Naval Defence Technology
• Assistance with government policies
• Funding assistance through CGTMSE scheme
Defence Technology Company
SIDBIFund of Funds Operations QUADRUPLED in 4 years
2014-15 2015-16 2016-17 Total
No. of Funds 11 19 30 60
Amount committed (Rs. Cr.) 314 607 1,112 2,033
Drawdown (Rs. Cr.) 129 139 221 489
India Aspiration Fund ₹2,000 Cr. for 7 yrs. Aug, 15
ASPIRE (A Scheme for Promotion of Innovation and Rural Entrepreneurship) ₹60 Cr. for 12 yrs. Oct, 16
Fund of Funds for startups ₹10,000 Cr. for 10 yrs. Jan, 16
₹ 10,000 Cr.Fund of Funds (FFS) to be provided by March 2025
(Avg. ₹ 1,100 Cr. Per year)
Operating guidelines have changed > 2x of FFS to DIPP Startups> Allow funding of entity even after ceasing to be startup (as defined by DIPP)
DIPP SIDBI 17 VCs 65 Startups
₹ 600 Cr.+ ₹ 25 Cr. Interest
₹ 623.5 Cr.Committed
₹ 35.28 Cr.Disbursed
Catalyzed investment of ₹ 236.82 Cr.
DIPP has sought ₹ 1,600 Cr. from Ministry of Finance for FY 17-18
Funding Supportthrough Fund of Funds
Overview
Current Status
Impact
Corpus of ₹ 2,000 Cr across
Collateral Free, Fund & Non Fund Based Credit Support
Loans of up to 5 Cr. per Startup to be covered
Scheme approved by Ministry of Finance.
Approval of competent authority being obtained.
Scheme to catalyze Rs 15,000 cr+ debt to 7,500+ Startups
Credit Guarantee Fundincreasing availability of credit to startups
IPR Supportfor innovators
50% fee rebate given to startups for Trademark filing; Trademark Rules amended
80% Rebate on patent filing fees – 200 startups benefitted
Fast-tracking of startup patent applications – 35 startups benefitted
Free IPR facilitation for startups 423 facilitators for patent & design; 596 for trademark applications
Startup Intellectual Property Protection Scheme (launched on 16 Jan’16)
Relaxed Norms of Public Procurement for Startups
Faster Exit for Startups
Insolvency and Bankruptcy Board has been constituted
Requirement of prior turnover & experience relaxed for tenders by Central Ministries/ CPSUs; included in GFR
2017
MCA has classified startups as ‘fast track firms’ to help them wind up business in 90 days as against 180 day
period for other firms
Providing incentivespromoting entrepreneurship
Tax Exemption on Investments made in Startups above Fair Market Value (14 Jun ’16)
Income Tax Exemption to Startups for 3 years out of 7 years (Finance Act’16)
Tax Exemptions on Capital GainSection 54 EE - Exemption for investment of capital gain in funds notified by Central Government Section 54 GB - Exemption from capital gain for investment in start ups for purchase of specified assets
Tax Incentives
500 Atal Tinkering Labs
> 457 school selected for establishing tinkering labs (FY 17)
> 350 have already received ₹12 Lakhs grant each
457 selected Atal Tinkering Labs2
417
1022 43
3311
18
10
42
29
30
41
13
17
712
11
7
4 21
18
3
33
3
8
3
10
1
Infrastructural Supportthrough Atal Innovation Mission
New Incubation Centers > 10 institutes approved to receive
grant of ₹ 10 Cr. to setup new incubator
Established Incubation Centres(EICs) for scale-up support> 6 institutes approved have received
scale up grant of ₹ 2.5 Cr.
5 years
6 years
91 Spring Board
Amrita TBI
CCAMP
Access Livelihood Consulting
NSRCEL
TREC, STEP
6 Approved EICs
Shiv Nadar University
Narsee Monjee Institute of Management Studies
Sangam Capital
NIFT-TEA
Indian School of Business
Centre for Cellular& Molecular Biology
10 New AICs
Chhatisgarh Infotech Promotion Society
Birla Institute of Management Technology
BanasthaliVidyapith
AartechSolonics
Infrastructural Supportthrough Atal Innovation Mission
Technology Business Incubators> 11 approved (₹ 34.9 Cr. Sanctioned; ₹
15.3 Cr. Disbursed)
Startup Centres> 15 Approved for ₹ 75 Lakh Grant> 10 received 1st grant
3 years
3 years
Startup Centres
Technology Business Incubator
Infrastructural Supportbuilding world class innovation centres
New Research Parks > 8 Research Parks being
taken up> Research park at IIT
Kharagpur under construction> Research park at IIT,
Gandhinagar by DST> Rs. 41 crores sanctioned
IIT Delhi
IIT Gandhinagar
IISc Bangalore
IIT Kharagpur
IIT Kanpur
IIT Hyderabad
IIT Guwahati
IIT Mumbai
Infrastructural Supportsetting up new research parks
Promoting Biotechnology Startups
Biotech Equity Fund> ₹ 1 Cr. sanctioned to 3 bio
incubators each;C-CAMP -Bangalore, KarnatakaIKP Knowledge Park - Hyderabad, TelanganaVenture Center - Pune, Maharashtra
Bio Clusters> 3 funded (Kalyani, Bangalore,
Faridabad); ₹276 Cr. Sanctioned; ₹ 92 Cr. Disbursed
New Bio-incubators> 20 bio-incubators have been
funded; 3 under consideration (₹ 125 Cr. Sanctioned)
Bengaluru – Boston Biotech (B4) Gateway4 Researchers have joined Harvard
University South Asia Institute
Innovation Focused Programs for Students
NIDHI (National Initiative for Developing and Harnessing Innovations)
> 19 New TBI established> 9 TBIs supported for Seed Support System (SSS)> 10 NIDHI-PRAYAS and 10 NIDHI-EIR centers sanctioned> 6 new CoEs have been recommended & funds to be released in FY 18
Uchchatar Avishkar Yojana> 475 Cr. has been earmarked for 2 years> 92 proposals approved for execution (Total Cost ₹ 282.6 Cr.; ₹ 75 Cr.
Allocated)
MANAK (Million Minds Augmenting National Aspiration and knowledge)
> 4 regional workshops organized & revamped MANAK scheme approved> Top 60 ideas were showcased at Annual Festival of Innovations> Over 1 lakh INSPIRE Awardees competed at District & State Level
Smart India Hackathon
under MHRD conducted on 1st April 2017
40,000+ students
7,500+ teams 29 Govt. Depts. 598 Problem
Statements
Regulatory Reforms for Startups
Startups permitted to raise ECB up to USD 3 million in a financial year Oct, 16
Reduction in lock in period for investments made by Angel Fund to 1 year (from 3 years) – Allow early exit by angel funds, thus, providing flexibility and encouraging more investment into Startups
Nov, 16
Angel funds allowed to invest up to 25% of their corpus in overseas undertakings – Allow angel funds to spread risk by investing across geographies
Nov, 16
Nov, 16Upper limit for number of angel investors in an angel fund increased to 200 from 49 – Allow more number of angel funds to invest in a scheme
Minimum investment by angel fund in a Startup reduced to ₹ 25 lakhs from ₹50 lakhs – Allow angel funds to invest in more number of Startups
Nov, 16
Startups can self certify for 3 years under 3 environmental laws in 36 “White” category industries (CPCB Notification dt. 5 Mar ’16)
MoLE advisory issued (dt.6 Apr’17) to all states for self certification under 6 labour laws extended for 3 to 5 years. 12 States/UTs have complied
Easier compliance based on Self-Certification
Online self certification for Labour Laws enabled through ‘Shram Suvidha’ portal
Startups can self certify under the Apprenticeship Rules, 1992 (MSDE)
Increased tenure of self-certified compliance, under labour laws, from 3 to 5 years (MoLE)
Startup India Learning Programlaunched on 16th January 2017
Startup India
Learning Program
Introduction to Entrepreneurship
Modules
Additional Resources
Discussion forums
Online workshops
Templates/ Resources
Idea Validation
Legal
Finance
Business Planning
Funding
Pitching
Business Plan
Startup India Learning ProgramProgress
4 week course | Free of Cost | Online learning program | Aspiring & early stage entrepreneurs | Available in English, Hindi (Odia, Marathi in pipeline)
22%
10 years work experience
Active on discussion forums
Have an idea
35%
Entrepreneurs/ freelancers
66%
67% 33%
From non Metros
Summary
Total Logged In Users 1,40,360
Content Consumed 1,65,860 hrs.
Total Course Completions 4,816
Increase Partnershipsfacilitating stakeholders
Platform showcases Innovative products of startups to Amazon’s
customers
1000 applications from Indian startups
300 applications qualified
100 Indian startups selling on Amazon under the Launchpad initiative
Connects startups with Global Angels, VCs and Startup Program
Collaborating for 5 International Events
Attract International Angel Investors
Investor database to serve as mentors through Startup India hub
Assisting in business advisory, deal flow, startup facilitation, and outreach
60+ applications received; batch begins in May 2017
Full-fledged incubation of 20 startups each year
Corporate Incubator being set up in Kolkata in the domains of Realty,
Education, Hospitality, etc.
600 Startups received mentorship
More than 5,000 applications for pitching
10 startups taken to Silicon Valley
6 mentorship sessions conducted by Global Leaders at Uber
Outreach Events
6Monitoring Committee Meetings
1 lakh + footfall
Startup India State Conference
Delhi
Startup India One Yr. Anniversary
Delhi
Jul, 2016 Jan, 2017
Startup PortugalBengaluru
Vibrant Gujarat Startup Summit
Oct, 2016
Startup Engagements Engaged with the ecosystem at 100+ events
Odisha Startup Summit, Odisha
Startup Fest,Rajasthan
Startup BiharConclave
Nov, 2016 Jan, 2017 Sep, 2016