Prime Minister Narendra Modi unveiled the “Startup India, Stand Up India” in January 2016. The initiative had a slew of measures aimed at simplifying compliance, exempting profits from start-ups for the first three years, and rolling out an action plan for boosting innovation and entr…
Tag: BioNEST
Move afoot to ease norms for VC funding in start-ups
New Delhi: The Department of Industrial Policy and Promotion has moved a cabinet note that seeks to ease venture capital funding norms for startups and relax the definition of a startup to include older biotechnology and medical device companies. The DIPP has suggested these changes be incorporat…