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Detail description
Startup India centre is a solo platform in the startup ecosystem for all stakeholders to interact surrounded by each person, exchange knowledge and form successful partnerships in a highly dynamic environment. Startup India is one of the great means of opportunities provided by the government of India to growing startups which projected to figure a strong ecosystem that is favourable for the growth of startup industries, to initiative viable economic growth and produce enormous employment opportunities. Startup India portal introduces to connect with networking in a single window platform, participation in challenges & programs to earn more investment, building goodwill in different sectors, helps to access various tools & resources required for starting a business so that each one can provide their services for business improvement. Startup portal is an online interacting platform for entrepreneurs who can connect number of investors, mentors, accelerators and other startup business through a range of industries and locations.
How an entity can be reflected as a startup?
A startup is a young company that is formed to develop. Startups are generally minor and primarily financed and functioned by a founders or an individual. Due to splitting up or reconstruction of a business that is in already existence, any entity formed shall not be considered a startup. An entity shall be considered as a startup after satisfying some conditions as mentioned below:
To extract essential information for startups and aspiring entrepreneurs and other
information relevant to government schemes & policies..
To access valuable online tools & resources for startups.
To make online applications for DPIIT recognition through which startups can claim
benefits. Benefits like exemption in application of patent, less compliances follow, tax exemptions etc.
To participate in programs and challenges held by corporates and government
agencies, where startups cangain rewards, business opportunities and other forms of support.
How an entity can be reflected as a startup?
A startup is a young company that is formed to develop. Startups are generally minor and primarily financed and functioned by a founders or an individual. Due to splitting up or reconstruction of a business that is in already existence, any entity formed shall not be considered a startup. An entity shall be considered as a startup after satisfying some conditions as mentioned below:
The venture capital assistance scheme: Venture capital funding is the monetary
assistance to the start-up ventures or the small companies to qualifying their projects and helps to encounter the shortage in the capital requirement for project enactment.
Stand up india for financing schedule caste, schedule tribe or women entrepreneurs:
Stand up India scheme facilitates bank loans between 10 lakh and 1 crore for set up a greenfield initiative to the minimum one women entrepreneur or reserved caste or tribe (SC/ST). These people must be indulge in manufacturing, trading or service sector. Shareholding and controlling stake (not less than 51%) must be required to be held by either an SC/ST or women entrepreneur if enterprise is non-individual.
Multiplier grants scheme: Department of electronics and information technology
is implementing multiplier grants scheme. The goal is to inspire R&D institutions and industry for development of products. If industry supports R&D for development of products under multiplier grants scheme whose commercialization is possible then government will also provide financial support to that industry. Both industry and institutions is required to submit the proposals jointly for taking financial support under this scheme.
Support to specialized bodies & seminars: The Programme extends partial support on
a selective basis for organizing seminar, training programmes, workshops, conferences at national level. The support is provided to research institutes, universities, colleges and other academic professional bodies who organize such events in specific areas for the scientific community to keep them well-informed. Generally the support is given to inspiring the contribution of young scientists and research workforces in such occasions.
