| Simplification and Handholding |
Progress |
- 1.
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Compliance Regime based on Self-certification |
Startups recognised under Startup India initiative can self-certify their compliance against 6 labour and 3 environment laws |
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Startup India Hub |
- Dedicated team setup under Invest India (not for profit facilitation arm of the Ministry of Commerce and Industry)
- 1,38,170 queries addressed by the Startup India team
- One-on-One Facilitation: The Startup India Team has been able to facilitate 682 cases till 31st May, 2019
- Engaged with 100+ Venture Capitalist and angel networks having deal flow arrangement with most of them
- Mapped out 177 incubators, 360 mentors and 71 accelerators
- Deal flow arrangement with banks including Union Bank, Yes Bank, Axis Bank, etc.
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Rolling out of Mobile App and Portal
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- 3,18,506 users registered on the Startup India Portal
- 19,247 Startups recognized by Department for Promotion of Industry and Internal Trade (DPIIT)
- 9 International bridges established to established market opportunities for Startups in the respective countries
- 2,39,136 aspiring and existing entrepreneurs registered for the course
- 3,157 mentor, investor and incubator connections established through the portal for Startups
- 123,000+ monthly visits on the portal
- 112 Innovation Hunts and programs hosted on the Startup India portal by various government departments and corporates. Total of 8,159 applications received through these programs.
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Legal Support and Fast-tracking Patent Examination at Lower Costs |
- Startups are eligible for 80% rebate in patent filing fees and 50% rebate in trademark filing fees. Additionally, Startups will also be considered for expedited examination of patent applications to reduce time taken in granting patents.
- 425 Patent facilitators and 606 Trademark facilitators have been empanelled under this scheme to provide free-of-charge services to Startups.
- 1496 patent applications have been granted 80% rebate on filing fee.
- 2761 trademark applications have been granted 50% rebate on fill fee.
- 389 applications were granted expedited examination and 103 patents were granted.
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Relaxed Norms of Public Procurement for Startups |
- Public procurement norms relaxed for startups through exemptions on (November 2016)
- Prior turnover criteria; and
- Prior experience criteria
Applicable on all tenders issued by Central Ministries and Central Public Service Undertakings (CPSUs)
- Startups exempt from submitting Earnest Money Deposit requirements (July 2017)
- GeM Startup Runway launched – dedicated corner for startups to sell products & services to Government (February 2019)
- 1,862 Startups registered
- 7,697 procurement orders worth Rs. 275 Crore received
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Faster Exit for Startups |
- MCA has notified Startups as “Fast track firms”
- Enabling them to wind up operations within 90 days vis-a-vis 180 days for other companies
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| Funding Support and Incentives |
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Providing Funding Support through a Fund of Funds with a Corpus of Rs. 10,000 crore |
- Twice of Govt. contribution received by venture funds is invested into DPIIT recognised startups
- Small Industries Development Bank of India (SIDBI) has committed Rs. 3123.20 crore to 49 SEBI registered Alternative Investment Funds (AIFs). These funds have raised a corpus fund of Rs. 27,478 crore.
- Rs. 483.46 core have been drawn from the SIDBI Fund of Funds
- Rs. 1625.73 crore have been invested into 247 startups.
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Credit Guarantee Fund for Startups
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The earlier Cabinet Note on Credit Guarantee Scheme for Startups has been withdrawn and the Department is under process of re-drafting the cabinet note keeping in view the suggestions of SIDBI. |
| 9. |
Tax Exemption on Capital Gains |
Section 54EE and 54 GB have been inserted in the Income-tax Act, 1961 to provide exemption from capital gains tax. |
| 10. |
Tax Exemption to Startups for 3 years |
149 start-ups have been benefited under this incentive |
| 11 |
Tax Exemption on Investments above Fair Market Value |
689 startups have been benefitted under this incentive |
| Industry-Academia Partnership and Incubation |
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| 12. |
Organizing Startup Fests for Showcasing Innovation and Providing a Collaboration Platform |
The Department is planning to organize Global Startup Conclave 2020 in February, 2020 which will be a 4 days mega global event like SLUSH, CES, Web Summit with an aim to position India as the next startup destination. |
| 13. |
Launch of Atal Innovation Mission (AIM) with Self-Employment and Talent Utilization (SETU) Program |
- 8,878 Schools selected for setting up Atal Tinkering Labs
- Rs. 20 Lakhs will be given to each school over 5 years.
- Rs. 12 Lakhs / school disbursed to 3,020 schools
- 102 Incubation Centres selected
- Rs. 10 crore to be given to each centre over 5 years.
- Rs. 57.68 crore disbursed to 31 New Incubation Centres
- Rs. 38.91 crore disbursed to 8 Established Incubation Centres
- 24 Atal New India Challenges conducted
- 951 applications received; 54 shortlisted
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| 14. |
Harnessing Private Sector Expertise for Incubator Setup |
Atal Innovation Mission
102 Incubation Centres selected
- Rs. 10 crore to be given to each centre over 5 years.
- Rs. 57.68 crore disbursed to 31 New Incubation Centres
- Rs. 38.91 crore disbursed to 8 Established Incubation Centres
24 Atal New India Challenges conducted
- 951 applications received; 54 shortlisted
|
| 15. |
Building Innovation Centres at National Institutes |
DST
- Rs. 18.69 Crore disbursed to 11 Incubators
- 15 Startup Centres have been approved; 10 centres received a grant of Rs. 3.75 Lakh
DBT
- Rs. 195.90 Crore disbursed as a grant-in-aid to 4 bio-clusters
- Rs. 174.26 Crore disbursed to 41 Bio-incubators through BioNEST
- Rs. 6.23 Crore has been disbursed to 4 BIRAC Regional Centres
- Rs. 150 Crore fund setup as a Fund of Funds to Bio-incubators
- Rs. 8.5 Crore disbursed to 13 Bio-incubators (BIRAC SEED FUND)
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| 16. |
Setting up of 7 New Research Parks Modeled on the Research Park Setup at IIT Madras |
8 Universities have been selected for setting up Research Parks identified with total sanction amount of Rs. 680 Crore
Rs. 233 Crore has been disbursed to following Research Parks
- IIT Delhi
- IIT Kanpur
- IIT Gandhinagar
- IIT Mumbai
- IIT Guwahati
- IIT Kharagpur
- IIT Hyderabad
- IISc Bangalore
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| 17. |
Promoting Startups in the Biotechnology Sector
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DBT
- Rs. 195.90 Crore disbursed as a grant-in-aid to 4 bio-clusters
- Rs. 174.26 Crore disbursed to 41 Bio-incubators through BioNEST
- Rs. 6.23 Crore has been disbursed to 4 BIRAC Regional Centres
- Rs. 150 Crore fund setup as a Fund of Funds to Bio-incubators
Rs. 8.5 Crore disbursed to 13 Bio-incubators (BIRAC SEED FUND) |
| 18. |
Launching of Innovation Focused Programs for Students
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NIDHI (National Initiative for Developing and Harnessing Innovations)
- Grand challenge conducted to promote entrepreneurship amongst student community
- 224 Applications received; out of 30 finalists selected, 12 student run teams awarded Rs. 10 Lakh each
Uchchatar Avishkar Yojana
- 148 projects sanctioned in Uchchatar Avishkar Yojna
- Rs. 220.75 Crore released under the UAY scheme
MANAK (Million Minds Augmenting National Aspiration and knowledge)
- Rs. 10,000 granted to 1,03,497 students in the last 3 years under the MANAK Scheme
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| 19. |
Annual Incubator Grand Challenge
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This activity is being coordinated by NITI Aayog |
