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Startup eco system IN INDIA, IPR :, of the youth, by the youth, for the…
Startup eco system IN INDIA
what is Start-up
Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry
either of
partnership firm (under the Partnership Act, 1932)
limited liability partnership (under the Limited Liability Partnership Act, 2008)
private limited company (as defined in the Companies Act, 2013)
mandatory
annual turnover <= Rs 100 crore any preceding financial year
<= ten years date incorporation/registration
scalable business model
high potential of employment generation
wealth creation
innovation, development or improvement
products
processes
services
current status
third-largest startup ecosystem -world
49 unicorns (as of 2020)
collective valuation $130 billion.
Growth of the Start-up
15% year on year
across all sectors
Enormous growth -
technology centric startups
health sector,
agriculture etc.
education sector
employing
latest technologies
Internet of Things
Blockchain
Artificial Intelligence
among others
challenges Startup face in the current ecosystem?
Raising funds
that 85% of the new companies are underfunded
weak Venture Capitalist & Angel investor framework
low risk appetite- Indian market
Revenue generation
inconsistent -incubation time
difficulty finding orders
Inadequate supporting infrastructure
technology parks
logistical availability
business development centres
Bureaucratic hurdles- complicate growth process
poor Ease of Doing business
:red_flag:large no. regulatory compliances
complex labor laws
inconsistent stance
emerging technol.- cryptoc. , 5G
Lack of mentorship and support
startups- brilliant ideas :star:
:black_flag::but little or no industry, business and market experience product in markets
good idea startup end :crying_cat_face:
Startup India Initiative in 2016
‘Prarambh: Startup India International Summit
Aim
bring toge.top policy makers, industry, academia, investors, startups and all stakeholders- globe
objectives
delib. good practices - eco systems globe
showcase
spread & depth entreprene.
attention global capital
mobilize domestic capital
opportunities for accessing international markets
evolve enabl policy provis.
Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry.
AIM
catalyse & build strong inclusive ecosystem & startup culture
innova. & entrepre
rolled
several programs manage.
DPIIT
other government initiatives
pradhan mantri mudra yojana
1000 cr startup seed fund
change definition startup
budget 2020-21
incentivizn. one person company
startup
priority sector lending category
e-Biz portal
WAY FORWARD
In light these challenges initiatives startup
complemented
structural changes
creation of large scale infrastructure
encouraging innovation in education
strengthening industry-academia linkage
making entrepreneurship inclusive vis-à-vis region, gender, caste or socio-economic status
5 year achiev
recog. 34,800 startups(2016-2020)
$1 M beni.
5,500 startups
part of 150 stUP inno. prog & chall.
INR 3000 Cr
47 Venture capital by govern.
global market access & know.
8,000 startups have been registered
Government e-Marketplace (GeM portal)
IPR :
panel of facilitators
assist filling IP application cost
80% rebate
filling patents
fast track patent applic.
of the youth, by the youth, for the youth stUP ecoSys
3 PRONGED STRATEGY - STARTUP INDIA
HAND-HOLDING
LEGAL SUPPORT
self certification & compliance
9 enviro. & labor laws
startup portal
EXIT PROCESS
Insolvency & Bankruptcy Bill 2015("IBB")
startup- simple debt structures
wound up -90 days
FUNDING/ INITIATIVES
FUND OF FUNDS
SIDBI
Invest. - stUP
initial corpus 2,500 cr, total corpus 10,000 cr - 4 yrs
CREDIT GUARANTEE
mechanism
National Credit Guarantee Trust Company/SIDBI
BUDGETRY CORPUS- 500 cr
TAX EXEMPTIONS
exemptions-3 yrs - capital gains tax exemp. people investing -such gains- govern. rec. fund of funds
Tax exemptions- Investment above fair market value(FMV)
INCUBATION
INDUSTRY/ACADEMIA
31 Innov. Centres, 18 Techno. Bussii. incubato.,7 research parks & Atal Tinkering Labs 35 new incubators- existing institutions, 35 new private sectors incu. - funding support govern.
competition/grants
NIDHI-INR 10 lakh to 20 student innovations
unhatter aviskar yojana
INR 250 cr/annum
foster high quality research - IIT stu.
Annual incubator grand challenge
events
organ. startup fests
platform - innovation
showcasing innovation
startup talk shows
Over 25 countries and more than 200 global speakers