The approved draft policy aims to rope-in Rs 1500 crore for incubation of 500 start-ups; Will facilitate at least Rs 200 crore worth venture capital
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Tag: Start-Up India
EDII to roll out start-up classes in buses under ‘World on Wheels’ project
Ahmedabad: In a bid to take digital literacy and knowledge of entrepreneurship to rural communities, the Entrepreneurship Development Institute of India (EDII), Bhat, Gandhinagar, has begun the ‘World on Wheels’ project. Currently to be launched with five buses, each of…
Internet start-ups top the enterprises chart in India; Delhi-NCR leads the clan
There is a boom in the number of internet start-ups in India accounting to a total of 18,648 across all major cities, suggests a latest report on the city-wise and sector-wise distribution of these enterprises. Delhi NCR takes up the top position with a whopping 6080 internet start-ups. Further c…
IAN & BIRAC come together to nurture bio-tech start-ups
Indian Angel Network (IAN), the world’s largest angel network, on August 8 said it has signed a memorandum of understanding (MoU) with Biotechnology Industry Research Assistance Council (BIRAC) to invest into biotechnology startups and bring the ecosystem together to promote biotech industry in I…
Centre to support innovators in all stages to nurture budding entrepreneurs
The Central government has broadbased the ‘Start up India, Stand up India’ initiative to encourage innovative ideas by people of various cross-sections, irrespective of their educational background, Union Minister of Science and Technology and Earth Sciences Harsh Vardhan said. Inaugurating …
Faster insolvency: New process in place for start-ups, small cos
The Insolvency and Bankruptcy Board of India (IBBI) has notified provisions to expedite the resolution process of default cases of small companies and start-ups within 90 days, according to an official statement. Currently, the Insolvency and Bankruptcy Code (IBC), under which the IBBI was set up…
IT Minister proposes special innovation zones to boost start-ups
At a meeting of the Indian technology industry’s stalwarts, the IT Minister Ravi Shankar Prasad called for greater cooperation between the government and industry and proposed setting up of special innovation zones to support start-ups better. The government estimates the digital economy to surpa…
Need to strengthen loan restructuring mechanism: Meghwal
New Delhi: The loan restructuring mechanism should be bolstered if the government were to get a firm grip on bad loans, said Minister of State for Finance Arjun Ram Meghwal. “We need to strengthen the loan restructuring mechanism… it will, along with various other measures taken by bo…
Demonetization: A vice or a virtue for start-ups in India
With the stunning move on the 8th of November by the honorable prime minister of India, everyone, be they in media, social media, domain experts, politicians, business houses and of course the common man became part of the conversation, and a stakeholder in the debate on demonetization. One perti…
Donald Trump’s new plan may create hurdles for PM Modi’s Startup India
The US is all set to become a tax-haven for most companies wishing to save tax after the Trump administration last evening announced lowering corporate tax to as low as 15 per cent from the present 35 per cent. Currently, several Indian tech startups including the likes of Flipkart, Grofers, Prac…