Startup india

STARTUP INDIASTANDUP INDIA

Presented byDharm Pal 3rd Year

NIT KKR

CONTENTS

• Introduction• Meaning of Startup India• Mission of Startup India• Action Plan of Startup India• Current scenario of startup in India• Conclusion

INTRODUCTION• Startup india is a revolution scheme that has been

started to help the people,who start their own business.

• These people have ideas and capability so govt will give them support to make sure they can implement their idea & grow.

• The campaign was first announced by Prime Minister Modi in his 15 August 2015 address from the Red Fort.

• Success of this scheme will eventually make india, a better economy and a strong nation.

• Start-up India in an action plan to develop an ecosystem to promote and nurture entrepreneurship across the country.

• Start-ups and entrepreneurship are critical to India’s efforts to restart private investment into the economy.

• The Government of India to build a strong eco-system for nurturing innovation and empowering Start-ups in the country.

Meaning of startup india • Meaning of startup india “from job seeker to

job creator”• The economy of a country depends on

countrymen.• Large no. of employee & woring people better

be the economy.• The india govt. realized that india people have

the potential to work hardly ,all they need is promising startup.

• So indian govt. in the leadership of Narendra Modi has decided to offer a gift as a wise programme “startup india”

Mission of startup india

• Launch social ventures in a way thatthey can scale.

• Scale social ventures in a way that theygenerate impact.

• Seed first-generation social entrepreneurs in last-mile communities.

• Catalyse the influence and resources of business, government and media towards fostering many more social ventures.

Action plan of startup india

1. Self certification: The start-ups will adopt self-certification to reduce the regulatory liabilities. The self-certification will apply to laws including payment of gratuity, labour contract.2. Start-up India hub An all-India hub will be created as a single contact point for start-up foundations in India, which will help the entrepreneurs to exchange knowledge .

3. Register through app An online portal, in the shape of a mobile application, will be launched to help start-up founders to easily register. The app is scheduled to be launched on April 1.

4. Rs 10,000 crore fund The government will develop a fund with an initial corpus of Rs 2,500 crore and a total corpus of Rs 10,000 crore over four years, to support upcoming start-up enterprises.

5. No Income Tax for three years Start-ups would not pay Income Tax for three years. This policy would revolutionise the pace with which start-ups would grow in the future

6. Building entrepreneursInnovation-related study plans for students in over 5 lakh schools. Besides, there will also be an annual incubator grand challenge to develop world class incubators.

7. Atal Innovation Mission The Atal Innovation Mission will be launched to boost innovation and encourage talented youths.

8.Entrepreneurship in biotechnology The government will further establish five new biotech clusters, 50 new bio incubators, 150 technology transfer offices and 20 bio-connect offices in the country.

9.Rebate A rebate amount of 80 percent of the total value will be provided to the entrepreneurs on filing patent applications.

10. Faster exit If a start-up fails, the government will also assist the entrepreneurs to find suitable solutions for their problems. If they fail again, the government will provide an easy way out.

11.Credit Guarantee Fund for Start-ups• To catalyse entrepreneurship by providing

credit to innovators across all sections of society.

12.Tax Exemption on Capital Gains• To promote investments into Start-ups by

mobilizing the capital gains arising from sale of capital asset.

13. Research Parks• 7 new research parks are proposed to be set

up with an initial investment of Rs.100 crore each.

• These parks shall enable companies with a research focus to set up base and leverage the expertise of academic/ research institutions.

14. Start-up fests • Introduction of Start-up fests to bolster the

Start-ups ecosystem and provide a platform to showcase ideas and work with a larger audience.

15. Innovation centres• These 31 centres will include 13 Start-up

centres and 18 technology business incubators to be set up/ scaled up at IIMs/ NITs/ IITs.

16. Patent protection• The government is also working on a legal

support for fast-tracking patent examination at lower costs.

HOW WE WORK

• There are three steps for work-

WE INVEST

WE INCUBATE

WE CONSULT

CURRENT SCENARIO OF STARTUP • With over $5 billion worth investment in

2015 and three to four startups emerging every day.

• India has paved its way to secure the third position in the world in terms of the number of start-ups, 4200 and counting, a growth of40%, by the end of 2015.

• The report also states that total funding in 2015 has grown by ~125% over 2014.

• If all goes well, next year by this time we should be the second largest,” said NASSCOM President, R Chandrasekhar.

• India serves as the fastest growing startup-base worldwide and stands third in technology driven product startups just after US and UK respectively.

CONCLUSION• This is a most effective campaign which will

create more job opportunities to the Indian youths.

• This scheme will directly help people in opening their own successful entrepreneurship.

• It will help our country to show the talent of youths through their innovative businesses all across the world.

• This initiative is the necessity to lead India in right direction.

REFERENCE

• http://www.startup-india.org/• https://en.wikipedia.org/wiki/Startup_India• http://www.pradhanmantriyojana.in/start-up-i

ndia-stand-up-india-scheme-hindi-pdf/

• http://indiatoday.intoday.in/education/story/start-up-india-stand-up-india/1/573128.html

• http://indiatoday.intoday.in/story/startup-india-19-key-points-of-pm-modis-action-plan/1/572651.html

THANK YOU