startup india - initiative by govt of india
TRANSCRIPT
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Econom
icdevelop
ment
Factor . investment..> innovation. >>> wealth
Michael E Porter: Stages of Economic Development
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Social Contract, Beyond social needs towards Economic aspirations
Demographic profile -65% of population aged under 35 (50% - Under 25 has) who would drive political, social and economic change.
This change will be positive and long term when there is a quantum jump in livelihood opportunities
Aspirational Tipping point
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Options..?
Organized or the informal sector?
Service, agriculture or manufacturing sectors?
Rural or Urban areas?
Through jobs or through entrepreneurship?
Challenge is in transforming this into an opportunity for faster and
equitable growth…
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Entrepreneurship is the paramount enabler of livelihoods in India.
We believe that the Social Contract will be strengthened if people
are empowered with a means of decent livelihood.
Entrepreneurship based on socially impacting transformative
technologies and business ideas will alter the course and tackle the
pressing issue and in the process, convert them into livelihood
opportunities in plenty.
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Initial Mentoring
Organizational Structure related challenges
Support services Requirements (Infrastructural, professional,
government support etc.)
Funding Challenges
Marketing + Brand Building
Employee acquisition & Retention challenges
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Growth Capital From Investment Funds / PE
BIG GAP on Financial Conveyor Belt
Grant Capital from Donors and Philanthropies (Previous DM)
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What if your idea is just not an
idea?
What if it sees light?
What if it really born?
What if you can get someone to believe in it?
And help you nurture it?
What if you can set a clear path
for it?
What if it can actually travel?
What if it grows and blooms?
What if the whole world embraces
it?
(Abstract from #startupindia Action Plan)
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Entity, incorporated or registered in India
(Private Limited Company, Registered Partnership Firm or
Limited Liability Partnership)
Not prior to 5 years,
With annual turnover not exceeding INR 25 Crores in any preceding
financial year
Working towards innovation, development, deployment and commercialization
of new products, processes or services driven by technology or intellectual
property
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Be supported by a recommendation from an incubator established in a post
graduate college in India or
Supported by an incubator funded by Government of India or
Supported by a recommendation from an Incubator recognized by GoI, or
Be Funded by an Incubation Fund/ Angel Fund / Private Equity Fund /
Accelerator / Angel Network / Alternate Investment Fund duly registered with
SEBI or
Be Funded by GoI for promotion of any innovation
Have a patent registered with Indian Patent and Trademark office
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Compliance Regime based on Self Certification
Start up India Hub
Rolling out Mobile App & Portal
Legal Support and Fast Tracking Patent examination at lower costs
Faster Exit for Startups
Providing Funding support through a Fund of Funds with a corpus of INR
10,000 Crore
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Credit Guarantee Fund for Startups
Tax Exemption on Capital Gains
Tax Exemption to startups for 3 years
Organizing startup fests for showcasing innovation and providing a
collaboration platform
Launch of Atal Innovation Mission (AIM) with Self Employment and Talent
Utilization (SETU)
Harnessing Private Sector Expertize for Incubator Setup
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Building Innovation centers at National Institutes
Setting up 7 New Research parks modeled on research park set up of IIT
Madras
Promoting startups in biotechnology sectors
Launching of Innovation Focused Programmes for students
Annual Incubator Grand Challenge
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• A nation’s economic development is powered by competitiveness.
• Competitiveness is powered by Knowledge Power
• Knowledge Power is powered by Technology & Innovation
• Technology and Innovation is powered by resource investment
• Resource investment is powered by revenue & returns on Investment
• Revenue is powered by Volume & repeat sales through customer loyalty
• Customer loyalty is powered by quality & value of products
• Quality & value of products is powered by employee productivity & innovation
• Employee Productivity is empowered by employee loyalty, employee satisfaction & workingenvironment
• Working environment is powered by management stewardship and sound management
• Management Stewardship is powered by Creative Leadership
- By Dr. Abdul Kalam on Aashray Inauguration18
