Start-ups are unlikely to get the benefit of the relaxation clause for the prior experience and turnover criteria with respect to procurement of goods that have implications on public safety and health. “For such procurements, wherever adequate justification exists, the procuring entities may not…
Start Up India
Unlocking the real value of India’s start-up ecosystem
The story of Indian start-ups is not just limited to the current century; in fact it began over four decades ago. Through the 1980s, a handful of pioneering IT services companies, including the likes of Tata Consultancy Services, Infosys and Wipro, put India firmly on the global economic map. The…
DIPP proposes collateral free loan for start-ups under a ‘Credit Guarantee Scheme’
The Indian government lately shifted its focus upon nurturing startups which can generate jobs for the masses. The govt. has eased several processes related to the registration and initial operation of these companies. The GOI also set up a Rs. 10,000 crore ‘Fund of Funds for Startups’. Now, in a…
Banks or VCs; where should start-ups seek funds?
Startups have always yearned for VC funding and have been slightly unaware of the advantages of seeking the same money from government bodies. Dr. Som Singh, Founder and Trustee of Center for Entrepreneurial Excellence (CEE), spoke about the galore of advantages that startups can avail by partner…
Entrepreneurs head to Uttar Pradesh for the National Start-up Fest
Poll-bound Uttar Pradesh has one more thing coming its way from the Centre — it has emerged as top contender to host the National Startup Fest. Originally planned to be held in Hyderabad, the industry department is now considering Uttar Pradesh as its preferred choice, with the industrial city of…
Indian start-ups to get Superbrands status
Superbrands, the coveted multinational brand endorser, will be endorsing the most significant start-up brands in this country. SuperStartUps, this project for new businesses in India, will also offer all the associated facilities like profilng of the firm in its annual book and to be able to use …
Here’s what will spurt growth of start-ups in India
India’s vibrant start-up ecosystem has been largely dominated by software-led companies and e-commerce firms, attracting the attention of customers and investors alike. The hardware segment, though much more inter-disciplinary—involving elements of software, electronics, semiconductor and design …
Finance Ministry backs easing curbs on FDI in e-Commerce
The Finance Ministry has backed the scrapping of restrictions on ecommerce companies that have overseas investment, such as those on directly offering discounts to customers, said an official. “This condition (directly or indirectly influencing discounts) is arbitrary,” the person sai…
Facebook gives $40k to JobSenz as part of its start-up programme
Education technology startup JobSenz has been selected for FbStart, the earlystage, mobile-focused startup programme launched last year by Facebook, as it continues to woo the country’s startup ecosystem, a critical market for the technology behemoth. As part of the prestigious programme, JobSenz…
India eyes indigenous expertise in cyber security, to fund security start-ups
India is building its first platform for homegrown cyber security companies in its bid to build indigenous expertise in security technologies and help local firms to tap a larger pie of the country’s digital security technology budget. The government and industry have come together to prepa…