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Start ups

A startup is a new business in its early stages focused on innovation and development, typically founded by entrepreneurs. The Indian government launched the Start Up India initiative in 2016 to support startups through funding, mentorship, and market access, aiming to transform India into a job creator. Key pillars of this initiative include simplification of regulations, funding support, and fostering industry-academia partnerships.

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8 views

Start ups

A startup is a new business in its early stages focused on innovation and development, typically founded by entrepreneurs. The Indian government launched the Start Up India initiative in 2016 to support startups through funding, mentorship, and market access, aiming to transform India into a job creator. Key pillars of this initiative include simplification of regulations, funding support, and fostering industry-academia partnerships.

Uploaded by

adhil29102003
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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START UPS

INTRODUCTION
 A startup is a new business that is in its early stages of
operation that offers a product or services which is new
in the market.
 Startups are typically founded by one or more
entrepreneurs who aim to develop a product or service
that they believe will be in demand.
 A startup always concentrates on improvement and
development of its products, process or services
through the combined efforts of the workers and the
executives.
CHARACTERISTICS
 High risk
 High uncertainty
 Long time to profitability
 Focus on innovation
DEFINITION
 As per department of industrial policy and promotion
a start up is defined as an entity that is
headquartered in India which has opened less than
seven years ago and has an annual turnover of less
than Rs. 25 crore.
START UP INDIA
 Start up India is a flagship initiative of the
government of India launched on 16 January 2016
which aims to promote and support the startups in
India by providing them with the funding, mentorship
and access to the markets.
 Under the initiative several programmes have been
conducted to transform India into a country of job
creators instead of job seekers.
 Start up India campaign was organised by the
department of industrial policy and promotion.
PILLARS OF START UP INDIA

I. Simplification & Handholding :


 Reducing regulatory burden for startups`
 Easier compliance, legal support, and faster exit for failed
startups
 Launch of mobile app and portal for compliance and
information exchange
II. Funding support and incentives
 Providing funding support through a fund of funds with a
corpus of Rs. 1000 crore.
 Credit guarantee fund for start ups.
 Tax exemption on capital gains invested in fund of funds.
 Tax exemption to startups for 3 years.
III. Industry academia partnership and incubation
 Organising startups fest to exhbit innovations and providing collaboration
platforms.
 Launch of atal innovation mission with self employment and talent
utilisation programme of NITI Aayog.
 Using private sector expertise for setting up incubators.
 Setting up of 7 new research parks modelled on the research park at IIT
Madras.
 Launching of innovation focused programme for students.
 Annual incubators grand challenge to promote good practice among
incubators.
THANK YOU

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