Bengaluru: Two incubators from India’s Silicon Valley are among the six chosen by the NITI Aayog’s Atal Innovation Mission for scale-up support funding. The scheme aims to upgrade established incubation centres to world-class standards. The NS Raghavan Centre for Entrepreneurial Learning at the I…
Tag: NCBs
Plagued by issues of money, men & material
Micro, Small and Medium Enterprises (MSME) are the backbone of India’s industrial landscape. With about 40 million units employing about 100 million people, directly and indirectly, the sector is the largest job provider in the country. It contributes about 8 per cent to GDP, has a share of 45 pe…
Deposit norms relaxed to help startups raise funds
In order to make it easier for startups to secure funding, the government has exempted any advance of more than Rs 25 lakh to a startup from being treated as deposit provided that the person giving the money does it in the form of convertible note. According to the Companies Act of 2013, any comp…