START UP INDIA STAND UP INDIA

Meaning of Start up
 Startup means an entity, incorporated or registered in India
not prior to five years, with annual turnover not exceeding
INR 25 crore in any preceding financial year, working
towards innovation, development, deployment or
commercialization of new products, processes or services
driven by technology or intellectual property
INTRODUCTION
 launch of the initiative on 16th of January, 2016 by Hon’ble
Prime Minister, Narendra Modi
 Startup India is a flagship initiative of the Government of
India
 to drive sustainable economic growth
 generate large scale employment opportunities
 transforming India into a country of job creators instead of
job seekers.
 aims to empower startups to grow through innovation and
design.
 Startup India Action Plan envisages several incubation
centres, easier patent filing, tax exemptions, ease of setting-
up of business,
 a INR 10,000 Crore corpus fund, and a faster exit
mechanism, among others
 dgital/ technology sector to a wide array of sectors
including agriculture, manufacturing, social sector,
healthcare, education, etc.;
 From existing tier 1 cities to tier 2 and tier 3 citites
including semi-urban and rural area
CLASSIFICATION

Action Plan is divided across the following areas:

 Simplification and Handholding
 Funding Support and Incentives
 Industry-Academia Partnership and Incubation
START UP HUB

 Work in a hub and aspoke model

 Assist Startups through their lifecycle with specific focus
on important aspects
 Organize mentorship programs .
Rolling out of Mobile app and Portal

 Objective
To serve as the single platform for Startups for interacting
with Government and Regulatory Institutions for all
business needs and information exchange among various
stakeholders
Accessibility for:
 Registering Startups with relevant agencies of the
Government.
 Tracking the status of the registration
 Filing for compliances and obtaining information.
 Collaborating with various Startup ecosystem partners.
 Applying for various schemes
Faster exist of Startups

 Wound up could be done with in a period of 90 days

 an insolvency professional shall be appointed for the
Startup, for liquidating its assets and paying its creditors
within six months of such appointment.
 This process will respect the concept of limited liability.
Funding Support
 Key features of the Fund of Funds are highlighted below:
 The Fund of Funds shall be managed by a Board with private
professionals
 Life Insurance Corporation (LIC) shall order to provide funding
support to Startups, Government will set up a fund with an initial
corpus of INR 2,500 crore and a total corpus of INR 10,000 crore
 a co-investor in the Fund of Funds
 The Fund of Funds shall contribute to a maximum of 50%
 The Fund shall ensure support to a broad mix of sectors.
Organizing Startup Fests
To provide national and international visibility to the Startup
ecosystem in India
 Launch of Atal Innovation Mission (AIM) with Self-
Employment and Talent Utilization (SETU) Program
 The Atal Innovation Mission (AIM) shall have two core
functions:
 Entrepreneurship promotion through Self-Employment and
Talent Utilization (SETU
 Innovation promotion: to provide a platform where
innovative ideas are generated.
RESULTS
 1,97,967-Learning and Development Module
 2,85,086-Startup India Hub
 Start up recognition-14787 till date
 129 -Startups Funded.
ANALYSIS
 has encouraged entrepreneurs to come up with their startup
plans.
 incubators across the country
 The ‘Fund of Funds’ of 10,000 crore rupees for startup
 The government has made exit easier
 The delay and lack of efficiency is a cause for the startup
plan to fail
 The total amount of funding secured by Indian startups has
also dropped by 47.7%
 no money has reached and it appears that many of them
are struggling to raise money.
NEVER DREAM OF BECOMING SOMETHING, IF YOU
DREAM, DREAM OF DOING SOMETHING.