Page 16 - Startups In India

Number of recognised startups rises to 86,713 in Dec 2022 from 445 in 2016

As many as 86,713 startups have been recognised by the government as on December 31, 2022, Parliament was informed on Wednesday. These startups are eligible to avail fiscal incentives under the Startup India action plan of the government. "As a result of sustained government efforts, the number of recognized startups has increased from 445 in 2016 to 86,713 in 2022 (as on December 31, 2022)," Minister of State for Commerce and Industry Som Parkash said in a written reply to the Lok Sabha. In a separate reply, he said in the UT of Ladakh, 1,006 industrial units have been established with total investment of Rs 122.71 crore after bifurcation of erstwhile Jammu & Kashmir state. On the other hand, Jammu & Kashmir has received investment proposals worth Rs 26,650.49 crore.

Start-up founders expect fundraising to be tougher in 2023: Report

Only 38% of them expect higher pace of hiring, mostly in early-stage companies

Rajasthan govt's iStart scheme is proving to be a boon for start-ups

Around Rs 4.15 crore has been given as subsidy to 83 start-ups, the official said

Budget 2023: Govt extends tax holiday for homegrown start-ups till Mar 2024

The tax holiday scheme was earlier available for startups incorporated till March 31, 2023

Through startups, Indian youth wants to become job creators: G Kishan Reddy

G Kishan Reddy also spoke about the various initiatives taken by the Government in fostering a vibrant innovation and start-up ecosystem

Economic Survey 2022-23: Indian start-ups exploring reverse-flipping

Suggests simplifying tax layers, capital flow procedures like those in the US, Singapore

Govt may announce measures in Budget to strengthen startup ecosystem

The government is expected to announce in the forthcoming Budget steps to further strengthen the startup ecosystem in the country and address inverted duty issues in certain sectors to promote domestic manufacturing, official sources said. Fiscal incentives under the production linked incentive (PLI) scheme to some more sectors are also likely to be announced in the Budget, which will be presented on February 1. Besides, the government may consider providing funds to infrastructure projects approved by the Network Planning Group (NPG), constituted under the PM Gati Shakti initiative, they said. On October 13 last year, Prime Minister Narendra Modi launched the Gati Shakti - National Master Plan aimed at developing integrated infrastructure to reduce logistics costs. The NPG has representations from various connectivity infrastructure ministries/ departments involving their heads of network planning division for unified planning and integration of the proposals. All these departmen

India needs to do more for entrepreneurship: CEO of top science body in US

India has great talent, but it needs to do more to nurture and build an ecosystem for entrepreneurship, the CEO of a top science body in the US has said. Indian-American Maya Ajmera, who is president and CEO of Society for Science, and the publisher of its award-winning magazine, Science News, made these comments on Wednesday after five Indian-American teenagers featured among 40 finalists of a prestigious science and maths competition for high school seniors in the US. Ajmera said that while India has great talent, it needs to do more to nurture and build an ecosystem for entrepreneurship. What has been interesting for me is the number of young South Asian Americans or Indian-Americans, applying and doing extraordinary research, but also being in our top 40 (of the finals of the prestigious Regeneron Science Talent Search), Ajmera told PTI in an interview. The finalists of this competition were chosen based on their projects' scientific rigour and their potential to become ...

Edtechs' Budget wishlist: Lower taxes, higher funding, greater incentives

Struggling with drying investment, dealing with cost cutting, the sector hopes Budget eases the pain

Rise and rise of India's startup story: Growth beyond the funding chill

The Indian startup story has moved away from being just about raising funds

VC firm Z3Partners closes Rs 550 cr fund to invest in early-growth startups

Leading global and domestic institutions and family offices, including HDFC Life and SIDBI, participated in the fund

After criticism, Byju's introduces new process to verify customer consent

Technology-drive policy to check all sales thrice, says edtech giant

Indian start-ups witness decline in hiring; struggle with attrition: Study

According to the study, over 64 per cent of the respondents wanted to shift jobs for a 'stable job'

Unicorns in South and SE Asia need to reduce cash burn: S&P Global

They can't continue spending if operational turnarounds are delayed, says report

Startup ecosystem improving in eastern India, West Bengal: Nasscom

The startup ecosystem in eastern India, particularly West Bengal is improving, NASSCOM (East) chairman Sanjoy Chatterjee said here on Wednesday

Startup movement picked up momentum in India: Union Minister Jitendra Singh

Union Minister Jitendra Singh on Thursday said the startup movement has picked up momentum in the country and led to the creation of over 80,000 startups, whose number was about 350 before 2014. Singh said that due to a push from Prime Minister Narendra Modi, the startup movement has picked up momentum in India. It has led to the creation of over 80,000 startups whose number was only about 350 before 2014, he said while speaking after inaugurating National Genome Editing and Training Centre (NGETC) at Mohali, Punjab. The Union Minister of State (Independent Charge) for Science and Technology and Earth Sciences also inaugurated a four-day International Conference on Food and Nutritional Security 2023: - iFANS. Singh said that agri-tech startup has an exclusive potential in India, and the concept needs more awareness by all the stakeholders in the country to become a success. While saying the startup movement has picked up momentum in India, the minister said this quantum jump in th

Govt to release norms to support startups' innovation in technical textiles

The government will soon release guidelines to support startups interested in undertaking research and innovation in the technical textiles segment and is contemplating a grant of up to Rs 50 lakh for approved proposals, a top official said on Thursday. Responding to a query by PTI, Secretary in the Textiles Ministry Rachna Shah said that she is hopeful that the norms will be unveiled in a month's time. "We would have an evaluation committee which would decide on approving grant for that, so the grant would be up to Rs 50 lakh, that is what we are looking at," Shah said. Hopefully within a month or so, we will be able to have the guidelines, she added. Addressing a press briefing, the secretary informed that the government is looking at measures to cut India's heavy import dependence on machinery and specialty fibre for the technical textiles sector.

Budget 2023: FDI in startups needs tax exemption, says Wadhwani Foundation

With an estimated 250 unicorns by 2025 from a little over 100 now and $180 billion of total funding by CY23, India's startup ecosystem is well-positioned to leverage the availability of young talent

After many rocking years, we needed a rocky year: Byju's CEO Raveendran

He said 2022 was the year of learning for all tech businesses, of every kind. "We had our share of learnings and growing, too. This was the year of introspection and action.

A match not made in start-up heaven

The current turmoil in the start-up world isn't all about the so-called funding winter. A bigger problem is the chasm between the goals of founders and investors