Start Up India
Start Up India
Start Up India
Addressing the Nation on the 69th Independence Day, he said, "We are
looking at systems for enabling start-ups. We want to enable start-ups to
make India No. 1 in this field. Start-up India; Stand up India."
India is the 4th largest ecosystem in the World for Starts-Ups, after the
US, the UK and Israel with a rapidly evolving ecosystem, driven by an
extremely young, diverse and inclusive entrepreneurial landscape.
It is expected that if the current trend continues, within 1-2 years India
will reach the 2nd spot after the US and will be among the top Asian
Start-Up ecosystems, along with China and South East Countries.
According to the NASSCOM around 11,500 Start-ups will come up in
the Country by 2020, creating over 2.5 lakh jobs, compared to the
current 75,000 jobs.
Angel and VC funding in India has hit its highest ever mark. Over
USD 3.5 Billion has been poured into 380 disclosed deals in the H1
2015.dealsl in the first half of the year have already surpassed the
number of Start-up deals in 2014.
The 50 Most Innovative Companies:
The TATA are the only Indian Company to find place in the top 50
rankings
1. Apple
2. Google
3. Samsung
4. Microsoft
5. IBM
6. Amazon
7. Tesla
8. Toyota
9. Facebook
10. Sony
43. TATA
Start Ups Drive on Banks
State owned banks have been asked to ensure that each of the 125,000
odd branches gives at least one loan to a startup venture proposal by a
Dalit or a Tribal Entrepreneur.
The Government, which wants to raise the share of the
manufacturing sector to 25% of GDP by 2025, is looking at startups
to create jobs for an estimated 15 million people who joined the
workforce every year.
In the first budget in July 2014, Finance Minister Arun Jaitley had
announced at Rs.10, 000 crore-fund to act as a catalyst to attract
private capital by way of providing equity quasi equity, soft loans and
other risk capital for startups.
Make in India, focus shifts to small enterprises
Current number 30mn of small ,micro and medium enterprises in
India
Estimated 60mn number of employees at these units
These factories contribute half of Indias factory output, 455 of
exports
85 of Indias GDP is accounted for by small enterprises
45% of Indias total manufacturing output comes from these
companies.
Startup India Action Plan announcements for Start Up eligible for tax
benefits only after obtained certification from the Inter-Ministerial Board.
such as :
Essay Competition:
Essay in Hindi or English from students are invited on
the topic opportunities and challenges making knowledge hub for generating
innovative ideas. This essay would further provide ideas to improve
academic research and development.
Debate Competition:
Innovation is the key industrialization rather than skill
development
Innovation Day Workshop:
Innovation and excellence through interaction and
expression of thought.